Eyeballs Still Don’t Pay the Bills

David Heinemeier Hansson on Ning’s layoffs:

Are you kidding me? The company has blown through $120M of VC funding over six years, built up massive traffic, yet just had to slash and burn, and you’re saying that “traffic growth is no longer good enough”. How the hell was it ever good enough?

Reminds me of First Citiwide Change Bank’s business model.

★ Thursday, 15 April 2010