25 upvotes, 2 direct replies (showing 2)
What an absolute clusterfuck of bad PR this apology is.
Ellen Pao does not understand Reddit. She doesn't understand the value Reddit has to advertisers, and she has zero concept of how to market or monetize this kind of a website.
If you are a VC, please PM me. I understand that recently some of you ponied up $50 million to buy a part of this website that is literally crashing and burning because of a bad CEO decision you've made.
I can explain this website to you in a way that Pao cannot. I can show you how you can profit by your investment. And I can do that by showing you how to value both the employees and the people who visit Reddit.
PM me. Or eat your investment.
Comment by [deleted] at 07/07/2015 at 03:25 UTC
8 upvotes, 1 direct replies
VCs usually aren't idiots. They understand due diligence and surely have aides writing well researched reports on the situation. It is unlikely they just listened to the corporate memo and took it at face value -- being lied to for seven figure sums is an everyday thing to them.
Comment by Conan3121 at 07/07/2015 at 11:13 UTC
3 upvotes, 0 direct replies
VC? Just an honest and old lurker and occasional poster. Wish I had 50M. Thanks for your support. I'm happy to be the product if I'm used properly.