How a company can be genius and royally terrible at the same time.
FloSports's plan is genius... if they were a pharmaceutical company. Flo reminds me of that San Francisco pharma startup that thinks they've found the cure to cancer, then decides to put together a fancy investor pitch with nothing more than sweet jargon. What happens next? They raise a ridiculous amount of capital but come to find out that the "magical cancer cure" was nothing more than another fancy placebo pill. It gets worse, though, then they have no other choice but to tell any people with internal employees not to say anything, or else the whole world will know of the awful fraud. It leaves them with just one choice with any defectors, the dreaded slip of paper that asks your ass to show up in court... I haven't gone to business school, but the No.1 rule is they under promise and over deliver, NOT THE OTHER WAY AROUND. This pay structure is always impossibly difficult to pull off. This has been proven in various other sectors. Remember the good old days, ...
Comments
Post a Comment