Made.com said it plans to appoint administrators, marking a dramatic downfall for the British online furniture seller, which went public just last year. After issuing three profit warnings earlier this year, Made.com put itself up for sale in September, but failed to find a willing buyer. The company also said in September that it was considering job cuts and other options including debt...
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Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be. What teams don’t reflect on sufficiently is how a flawed compensation philosophy can make those trade-offs far more painful than they could be. As a former entrepreneur, I know that every venture relies on the exceptional efforts of supermotivated professionals,...
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