Tell HN: I'm Afraid We're Shutting Down

Article summary

The founder of 70 Million Resources, Inc. is shutting down the company due to financial difficulties caused by the pandemic and the Great Resignation. The company, which aimed to help people with criminal records find employment, was successful initially but struggled to recover from the pandemic's impact. Despite efforts to reduce expenses and secure funding, the company's revenue dropped significantly, leading to its closure. The founder is grateful for the experience and plans to continue working in the reentry industry.

Main themes

• Great Resignation
• pandemic impact
• VC funding
• reentry industry
• workforce changes
• economic shifts

What commenters say

• Some commenters believe that the pandemic bailout and subsequent economic changes have led to a shift in people's attitudes towards work, contributing to the Great Resignation.
• Others argue that the Great Resignation is not solely caused by economic factors, but also by changes in people's values and priorities.
• The impact of the pandemic on the workforce, including increased retirements and deaths, is also seen as a contributing factor to the Great Resignation.
• Some commenters disagree with the idea that the pandemic bailout was a significant factor in the Great Resignation, citing other reasons such as burnout and dissatisfaction with working conditions.
• The use of VC money and its potential downsides, including loss of ownership and control, are also discussed as a relevant topic.
• Some commenters suggest that the founder should not give up and could try to revive the company or find alternative solutions.
• The idea that people are no longer willing to work in low-paying or unfulfilling jobs is seen as a positive development by some, while others view it as a problem to be solved.