Introducing Launchiprex, for the Treatment of Chronic Startup Delusion and Denial
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Last week, Fab.com CEO Jason Goldberg published a blog post updating interested parties on the status of his company. “It has now been 150 days since Fab completed its 2013 restructuring,” he wrote of his e-commerce startup that specializes in home-design products, “which saw us cut our operating expenses by two-thirds and go from more than 750 employees to around 300 today.”
He continued: “In the history of startups I bet you can count on one hand the number of companies that went from $0 to $1B in valuation in just 2 years and then voluntarily cut their operating expenses by 2/3 and then rose to greatness again. Will Fab be able to do it? We’ll see I’ve had VC after VC tell me that they’ve basically assumed Fab is going to die; for how in the world can a company possibly survive 3 rounds of layoffs and cost cuts as we’ve had?”
Goldberg went on and on from there, serving up a foul-mouthed manifesto that repeats the phrase “It’s a fucking startup” like a mantra. (As in, “It’s a fucking startup. It’s supposed to be hard. We’re entrepreneurs. This is what we do.”)
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