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How I Failed (2013)
A candid post about some of the things that kept me, my employees, and our company from achieving our full potential.
That was a nice win, but if we’d had the leisure to hold on till the peak, our stock would have been worth $1 billion, and even if we hadn’t timed things perfectly, several hundred million. (I would often tell our previous CFO, “Those numbers look wrong — check them!” I had so internalized the ratios and average monthly spending by category that I knew immediately when something was out of line.) Even if you’re a good entrepreneur with a nose for where money intersects your vision, a first-class financial team focused on building effective controls, managing expenses, and optimizing the system will be well worth it.
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