The Mistake Kirk Simpson Made at 80 Employees That Almost Prevented Waves $537M Exit @TechTOorg
The Mistake Kirk Simpson Made at 80 Employees That Almost Prevented Waves $537M Exit @TechTOorg
Uploaded June 2026 | Updated September 2026, 6 days ago
His board member said it in three words: premature scaling is death.

Wave raised from Chamath's firm. Kirk felt unstoppable, scaled to 80 people, then had to cut half of them. By 2015 the company was insolvent. He was ducking into a broom closet to call Silicon Valley Bank and asked them not to pull the debt.

Get the signal first. Then scale.

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The Mistake Kirk Simpson Made at 80 Employees That Almost Prevented Wave's $537M Exit

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