Marc founded one of the biggest software companies in the world
He is reaching out to help
And this guy trolls him and screenshots DMs to reject his offer for Twitter likes….
Dumb
The software buying trend is changing.
I am hearing a lot of CEOs and CFOs say that they want to consolidate software tools and buy more from multi-product companies and eliminate point solutions in an effort to reduce spend.
Real reason is likely LIFO…last in first out
Cloudflare is sticking with the proven top reps.
Unfortunate for those impacted but it happens when a company downsizes
HR rationale obviously could have been better
Interpreting CFO speak can be confusing.
Let me help translate:
“We have to balance growth and profitability” = find someone to fire
"If there is extra budget" = No
"Maybe next quarter" = Also no
“AI can unlock efficiency” = you are being replaced by AI
“Macro uncertainty”
Why we are in another bubble:
-Lots of Chief of Staff openings
-Chamath launched a SPAC
-There are arguments why gross margins don’t matter
-Meme stocks are back
-Big secondaries for pre-revenue/PMF
-Stacks of SPVs are popular
-Everyone thinks they are an investing genius