layoffs
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Layoffs Send People and Knowledge Packing
The scale of layoffs over the past few weeks is unprecedented. The impact on these people who have been shown the door and on the companies that have let them go will linger for years to come. Besides the emotional damage that occurs when people are forced out, there is a tangible cost to companies when knowledge and experience walk out the door. Once that knowledge and experience are gone, no amount of TARP money will bring them back. It may be too late for some companies to prevent this now, but putting measures in place will lessen the blow in future.
Update on Blurb: VC-Backed Startup Is Profitable
"VC-Backed Startup Is Profitable" should not be a headline worth making. But far too many Web 2.0 ventures don't bring in enough revenue, let alone profits, and some don't even have a revenue model. We see a lot of gritty entrepreneurs with profitable bootstrapped SaaS ventures. But the number of VC-backed startups less than 5 years old that are profitable is sadly low. That's why we wrote about Blurb back in October 2008.
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