This dude flywheeled with extreme leverage, died, took others down. But the point is exactly correct for us.
11 Dec 2022, 14:14
This dude flywheeled with extreme leverage, died, took others down
But the point is exactly correct for us. We didn't take loans, gamble leverage, create incentives divorced from reality
We just ground out a real cloud services product and now are clawing for budget to sell it
Reflecting back, the real injustice is against the firms that didn't partake in any rehypothetication or flywheel trades, and thus grew much slower than their peers during the bull mkt
Their biz models looked much weaker than otherwise bc they had to compete w flywheelers