GoMechanic: When ‘Fake it Till You Make It’ goes wrong
Finshots Daily
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Introduction
Go mechanic just laid off 70% of its workforce and apparently it told the remaining employees, hey we want you here but we can't pay you for the next three months. Yikes. On the face of it, Go mechanic fits into the mold of a typical startup playbook. Raise loads of money from VCs and then burn through it all in the quest for growth.
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Transcript
