A Twitter thread by SBF
Jun 14, 2022 · 2 mins read
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Last year, the largest piece of negative feedback we got from VCs:
our workforce wasn't growing exponentially enough. We had ~200 employees, they were expecting ~2,000.
We told them additional employees added too quickly were net negative, and they could take it or leave it. https://t.co/hp9G7winDU
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We're at about 300 now, and growing, but sustainably--some come, some go, but we're increasing ~50% year over year.
Maybe we'll get to 400 in the next year.
But when it comes to hypergrowth, you can't replace 'growing revenue' with 'growing expenses'.
https://t.co/n9mB31AIiY https://t.co/wqcu2s2DQU
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Because in the end the most important thing you can do is make your company a great place to work, where every employee has real responsibility.
Only then can you build a great product.
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