What's with all the people that are boasting on linked-in? "Yeah - we managed to sc--w our former debt holders through bankruptsy and get $100M in the process!". Is this supposed to make customers more excited to buy from us or make it easier for us to recruit? To me its embarrassing - not something I want to scream from the rooftop.
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SteelFusion was the best thing Riverbed had going for it after SteelHead, but they had no idea what to do with it. The only failings with that product were the insanely lofty price tag and the lack of R&D.
I'm saddened when I see what has become of it all. I saw one of those posts this morning on LinkedIn, and also came straight here to see if anyone else felt the same way as I did.
I thought the most cringey thing someone could do on LinkedIn was post about attainment of an associate level certification at their own company, but I was wrong.
Any functional/profitable parts of the company should be sold off and not use Riverbed name. Riverbed is finished.
Person who mentioned the rapid promotions is on point. Exactly that. Got’em by the ba--s.
Yes, all the hoo-ra is a bit stomach churning.
The direct Apollo appointee on the new board specializes in distressed assets. That should tell you all you need to know about where riverbed is headed.
I have seen these posts and had the same reaction. They were even posted by people I have some respect for. I can’t imagine why those people are still stuck there. I know they got rapid promotions presumably to keep them around.
I was laughing so hard when I saw this.
A former billion dollar revenue company, with a current customer base nowhere near where it used to be, with an innovation level close to zero for years now, and a stellar track record of failed acquisitions just raised $100 million to essentially keep the lights on.
Time to celebrate!
Best post I’ve seen in awhile. The celebratory mood is really cringey. I had a partner email me to find out if we were ok. What a circus.
Don’t forget the employees they screwed over too!
That is an interesting take.
Working for a bankrupted company that relies on 'customers'.
Seems almost impossible.
Have you tried the job market out there?