Pros
Had a wonderful original team
Cons
The definition of a greek tragedy: a story in which the protagonist, usually a person of importance falls to disaster through the combination of a personal failing and circumstances with which he cannot deal. That person at Ytel is none other than its CEO Nick Newsom. This company was built on the backs and the ideas of its original team and the company was thriving soon after launch. When the company grew in stature, the CEO suddenly attributed the success of the business to his personal "brilliance." He started neglecting the original team in favor of new hires who praised him for anything and everything. His Ego ballooned, and the company lost its edge because of it. He never had a vision, it was something that was never in him. He was void of inspiration. At one point, he somehow convinced some poor VC in NYC to inject some growth capital into the business, and things took an immediate turn for the worst. Key members of the original team left and the company soon began to drop in revenue because of it. That trend continued and the company recently laid off the last of the original team. Nick Newsom didn't even have the guts to be there when it happened. The remaining men and women that built the business were dismissed by a nobody while its CEO hid at home.