Why I got Fired from Facebook (a $100 Million dollar lesson)
When Noah says, "everyone is replaceable", he really means it.<p>Yesterday, he fired half of AppSumo, despite the company is profitable and growing.<p>Here is Noah's m.o. with AppSumo:<p>1) Attract and hire people by paying them above market salary and promising equity.<p>2) New employees grow the company by building systems, automating inefficient processes, creating new lines of business, etc.<p>3) Once systems are built and operating efficiently; fire staff before equity vests.<p>4) Rinse, repeat, wash.<p>Entrepreneurs like this give startups a bad name. It's sad to see so many people celebrate him as a startup role model.<p>The reason he was fired from Facebook because he leaked internal features to the press and blogged about them. Yet he still seems unapologetic "<i>I don’t think what I did was that wrong since the marketing team did not do anything to promote our new features.</i>"<p>Clearly this guy's moral compass points south.