u/Noovic wrote (the comment Michael replied to):
I think “saving it” is a horrible term to use here. At what point does saving a company turn into it not actually being a company. If it’s getting so bad where they fire 90 percent of staff to teach and help an enormous number of student I would say thats not saving it , it’s rui
u/michaelnovati replied ·
Well Launch Academy just gracefully paused indefinitely and another program gracefully closed to preserve its legacy.
So I agree there are other ways.
Two reasons
1. when you pour like 10 years into something, it's just so emotionally. hard to admit what's going on and I can see like not wanting to let it go. I'm not saying that's the best decision but I empathize with that person.
2. Big external companies who are third party CEOs. if I'm a CEO and I get paid a ton of money for keeping something alive for a year I might just want to keep it. or if I'm a big investment firm that owns those company like BlackRock owns Simplilearn, then there are pressures to maximize profits for shareholders as long as you're following the law.
I would suspect this is both app Academy being a really special place back in the day that people really respect and was second that there's a new CEO that's trying to prove that her AI approach can make an efficient boot camp and if she fails she'll just move on to iterating or trying something else. investors might even want to give her more money for her startup because she learned so much from a failure.