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Joined 2 years ago
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Cake day: June 11th, 2023

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  • This used to be (or still is) big in retail, I heard. For most days of the week, a clothing store could get a candidate for a free trial day, they would fold clothes, move boxes, etc, helping out the employees. After that, they get the “we’ll stay in touch”, but next day, somebody else is doing their trial day, and so on. Basically the store gets one extra employee for free













  • On a business trip, with some HQ people we visited the partially owned branch of our company in Ankara last year.

    We had a super nice and MBA-educated host from investor relations lead us through the day. It was all going well, until a few drinks into dinner, he shared how the CIA funded the terrorist Gülen to ruin the country, and that’s why they have high inflation, etc. I of course smiled along, but was surprised he thinks this way.

    I am originally from an eastern European authoritarian country, and 99% of my experience have been that white collar people are cynical and hate the shit government, even if they have to go along with the bullshit propaganda to keep their jobs.

    Also, their capital Ankara is quite the shithole, sorry. It has sparkling skyscrapers, but it’s orders of magnitudes behind in livability compared to even to poor European capitals in the Balkans. Blackouts in a luxury hotel, asphalt breaking off the road an hitting our car, concrete jungle of multi-lane roads with no walkability, fast asshole-style driving (not even letting ambulance pass) causing massive traffic.

    It’s just a very different world and culture.





  • Good article. It was fundamentally not a good business model. You have to acquire new customers constantly just to keep the lights on, it’s unsustainable. Adding on top of that the expectations from investors to grow every year, and the collapse we see now is guatanteed.

    I see they tried to diversify, that could have helped, but without a recurring revenue stream at the core of your business, you cannot become the big company they wanted to be.