Top indicators that startup is failing
10-year old Saas start-up with ~150 employees dominated the market for the last 7 years with notable clients. Trying to pivot to get more profitable. Raised series B in March’22 and went on a hiring spree. During that time period, they've also fired one third of the sales team due to "performance" but 0% of reps have attained quota in the last 4 quarters.
- Pivoting suddenly after 10+y of operations is a bad sign.
- Also just 150 employees during the mother of all bull cycles, prolly they didn't get enough growth
- See the leaders, are they leaving?
Sometimes you’ll have gut feeling after talking to founders/ executives. Stick to it. Esp in bear markets, you’ll be able to smell if something is bad quickly
himachal
Stealth
2 years ago
Which startup?
