Adult Startup Zivity Cuts 1/3 Of Staff

[gonzo]

Originally Posted by LAJ

ZACTLY!

PAR-TAY!!!

[LAJ]

Originally Posted by gonzo

PAR-TAY!!!

LMAO!!!

[Hell Puppy]

It's all a cycle.

In many cases, the VC's, especially the large ones are really pressuring CEO's of startups they're invested in to cut now. They should've been working aggressively toward positive cash flow all along, but now there's no credit, no big market for IPOs or buyouts in sight, so the investors want to see profitability.

The oversized staffs, herman miller chairs and half million dollar video conferencing and presentation rooms are about to go bye bye again. And are as we speak. And if you are a principle and you haven't taken some money off the table yet, you're not likely to get any soon. Kevin Rose probably feels like a genius right now due to timing. Digg got $20 million and he finally took some off the table and got paid just a couple of weeks before all of this crashed.

This has been circulating for a week or so, but Sequoia's presentation to the firms they're invested in is typical.

http://www.techcrunch.com/2008/10/10...ation-of-doom/

[Hell Puppy]

AdBrite sacked 40% of their 100 employees today as well.

I guess none of us think in terms of corporate structure because even after that, 60 people to run an ad network? Kinda makes you wonder what they all do all day.

[LAJ]

Originally Posted by Hell Puppy

AdBrite sacked 40% of their 100 employees today as well.

I guess none of us think in terms of corporate structure because even after that, 60 people to run an ad network? Kinda makes you wonder what they all do all day.

Maybe they assigned each employee to handle one ad?

Seriously though, I would assume that 3-5 employees there would be doing the work of 1 person in a company operating lean.

[DannyCox]

Originally Posted by Hell Puppy

AdBrite sacked 40% of their 100 employees today as well.

...and seem to have gone back to the old days of popups and bad cookies. Carol showed me the stuff Adbrite was doing on xPeeps earlier today with their popups and tracking cookies. I ran my cookie sniffer through it, and found some pretty malicious stuff going on.

[Hell Puppy]

Originally Posted by DannyCox

...and seem to have gone back to the old days of popups and bad cookies. Carol showed me the stuff Adbrite was doing on xPeeps earlier today with their popups and tracking cookies. I ran my cookie sniffer through it, and found some pretty malicious stuff going on.

Oh you can bet that crap is about to see a resurgence. The ad dollars are drying up, so the networks and publishers are going to be a bit less discriminating about what they run.

[gonzo]

Originally Posted by DannyCox

...and seem to have gone back to the old days of popups and bad cookies. Carol showed me the stuff Adbrite was doing on xPeeps earlier today with their popups and tracking cookies. I ran my cookie sniffer through it, and found some pretty malicious stuff going on.

Looked to me yesterday like etology had been bought out by ad tech or they had sold one of the zones to their servers.