How Nasty Gal Went from an $85M Company to Bankruptcy
I'll pick out a thread here: the toxic culture. When businesses fail, it's regarded as obvious that the toxic culture contributed to the downfall. With successful businesses like Uber or some bank you recently read about, it's assumed that somehow these behaviours are what makes the companies profitable.My own theory is that toxic culture is a drain on every company with one, like a parasite on a host organism. Sometimes the host is strong enough to survive, sometimes it isn't.I've worked for toxic tech and toxic finance companies. In both cases I felt that poor decisions were made that a healthier culture could have avoided.