Gilt Groupe – A look back // February 24, 2015
Great article on the history of the Gilt Groupe. Its easy to look at companies who have succeeded as models but far too often we don’t take advantage of learning from the companies that have struggled or failed. My take aways:
Over-extending: How do you know you are when your in the heat of the moment? I think it comes down to looking at your business model(s) unit economics and asking yourself if you have a path towards profitability and sound financials
Risk Management: An easy thing to not pay attention to when your hot but its so important.
Focussing on blind growth w/ no optimization based on fundamentals setups a big fall.