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DAE compare reading a startup's funding news vs digging through its old job posts to spot the real story?
I used to just skim TechCrunch funding rounds to guess why a startup died, but then I tried something different with a local delivery app here in Austin that folded in March after raising $4M. I pulled up their old job listings from two years ago and saw they were hiring three sales reps for every one engineer, which explained the bloated burn rate way better than any article did. The job posts showed they were trying to grow fast in cities they had no customers in, and the funding news never mentioned that. Has anyone else found old job boards or Glassdoor reviews more useful than press coverage for figuring out what actually went wrong?
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hall.emma1mo ago
Job posts also tell you who they were hiring for roles that don't make money. A buddy of mine looked at a meal kit startup that went under and found they had six community managers and one person doing supply chain. Six. For a company whose whole problem was food rotting in warehouses. The listings paint a picture of what the founders cared about versus what actually kept the lights on. Funding news just tells you who wrote the check and how much, which is the least useful part of the story.
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