Perfectly good company scrapped – When a Unicorn Start-Up Stumbles, Its Employees Get Hurt – NYTimes.com

For a while, the dream of employee riches appeared intact. In March, Good executives filmed a video presentation for an investor roadshow for an I.P.O. The company, whose revenue grew 32 percent to $212 million in 2014, projected 17 percent revenue growth in 2015. Executives expected Good’s cash to last through the year, according to the company’s prospectus.

Source: When a Unicorn Start-Up Stumbles, Its Employees Get Hurt – NYTimes.com

Lots of interesting stuff in this article but the most interesting: Good was a company with $212m revenue in 2014. The key question of course is why were they mucking around with VC money vs. just running a business?

Maybe taking all that money isn’t such a good idea and being a simple, stable workhorse company is.

#unicorns, #vc, #workhorse