The electric scooter Bird startup with big workplace problems
theverge.com
theverge.com
And not the “oh, it would’ve been a really tough work hard play hard environment” comments, but more of “they seem like jerks” comments. I was genuinely taken aback.
https://news.ycombinator.com/item?id=22707935
Apparently Bird has disputed the part about the announcement being pre-recorded, but not the part about shutting off employees' computers during the call so they couldn't contact each other for support/recommendations. Sounds like some real winners are in charge there.
On the other hand, they really are a paint-by-numbers of so many different but oh-so-stereotypical plagues: too much money too early, arrogant and homogeneous leadership, questionable product focus and even more questionable operational discipline.
Truth is probably somewhere in the middle, but it doesn’t matter. They’re boned. Even if they make it to the other side of the pandemic, the unit economics will likely never work and even if a firesale exit emerges, late-stage preferred will wipe out any common by several multiples. The tragedy of course is that by the time that happens, leadership has already taken money off the table multiple times, so they'll be fine and if anything fail upwards to a cushy EIR spot or their next venture, which will be funded solely on the basis of how fast Bird grew and not how it ultimately failed. (Ain't SV grand.)
Ah, you’d think we’d learn these lessons from all the other times this story has been told, but no.
Will be interesting to see where the scooter startup bust-boom cycle will end after the COVID-19 situation clears.
On that note I have an amazing, high-growth business idea that will give us millions of users and insanely good PR in a matter of days. We’ll just be selling $10 notes for $1. I’m looking for investors; email in my profile.
With Bird it was a bit dicier. They aren’t a straight up replacement for existing services like Uber was. This means there was a new and unique market to capture, but it also means that consumer willingness to pay higher prices later remains a dubious possibility at best.