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Joined 1 year ago
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Cake day: June 22nd, 2023

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  • The work/life culture was better than my preceding professional jobs, but the middle management was terrible, with 3 coming and going in 2 years.

    I became a consultant for one more year, and liked that more, but they ultimately got out of that business (Shopify and squarespace ultimately took that market around the same time).


  • I was working in web development and marketing back then, while you’re kinda right, and there were always “fires” (which were bullshit, because we mostly did clothing brand websites and tv show ads, not really important in the bigger scheme).

    We did manage to keep them from launching sites or features on Fridays. So we had chances to take them more (but still not enough).





  • Almost, private equity buys out companies by giving the owners big buyout cheques with debt that will be saddled on the new company.

    So when they “buy Hoonigan for [undisclosed amount]” what they really did was go find a bank that would give them a billion dollar loan for the “value” of the brand they bought and then after buying the the brand, the loans go to the company they bought.

    If the owners are smart, they take a cash buyout and bail as soon as possible. Ken Block died before any of that could happen, but others like Hert and Vinny bailed. I don’t follow them enough to know if they were stakeholders in Hoonigan, or what Scotto is up to, but I suspect they all got big cheques when that deal went through.

    Then the private equity lets the now empty brand go bankrupt and guess who eats all the debt? Our retirement funds!