Aeron Chairs As Stupidity Barometers

McSpew writes: "This article at Salon describes how much startup venture money went to buying $700 Aeron chairs. Personally, I think Aerons suck. I'm sitting in one now and my back is killing me--I can never get this damn chair adjusted right, or to get it to stay in a configuration close to comfortable for very long. The wonderful high-tech mesh fabric acts like sandpaper and wears holes in my pants. I honestly miss the boring chair I had at my last job. Am I the only person who hates Aerons?" Aerons are stylish, but not everyone finds them the comfortable work chairs they're supposed to be. Here's one that looks truly comfortable.

Comments

Venture capital and the value of money

[hillct]

Everyone here agrees that the chairs are less a cause and more a symbol of the .com fall from grace, but it's more important to evaluate why the money was spent in the first place.

It seems to me that the relitively young executives who recieved hundreds of millions in Venture Capital - since they didn't have to really earn it - failed to value it properly, perhaps due to youtht and inexperience (certainly not the fase for all) and perhaps simply due to market conditions which presented the delusion that money grew on trees, since there was no incentive at the time to make a proffit. Let's look at that for a minute. It's the CEO's responsibility to manage a company for success, usualy determined by it's stock price. The market seemed unconcerned with profit, or even revenue so why should the CEOs. Why not buy $750 chairs for every employee? It's not like we need to spend the money on technical infastructure, or support or production, after all the market thinks we're doing just fine. Look at our stock price! (circa July 1999).

My point is, while the blame for the fallout can be placed on CEOs who allowed their companies to make frivolous use of VC, they were only responding to the market, which told them they were doing fine. I blame stock analysts who started gaining celebrity status by whowing up on CNBC with wild preditions which were of course self-fulfilling prophecies, particularly in light of the tremendous number of uninformed indevidual investors - willing to follow anyone who stood up to lead - that flooded the markets durring those years.

Come on, we can't blame the chairs.

--CTH