Gone are the days when the only insider information you'd get about a company would come from a press release.
Today, writing expansive 1,000-word, memoir-like posts on sites like Medium is commonplace, according to a recent report from The Wall Street Journal. From exposing tough layoffs to admitting personal mistakes, some Silicon Valley entrepreneurs have found value in oversharing.
Want to know what happened when marketing startup Tint's co-founder Ryo Chiba had to lay off a close friend? What about when Alex Fishman had to explain why his food-discovery app Dishero Inc. shut down? Or perhaps when Buffer co-founder and CEO Joel Gascoigne had to lay off 10 people as a result of poor leadership decisions? Each founder offered their own play by play.
So why all of the oversharing? Millennials' social-media infused culture isn't all to blame. The young entrepreneurs also viewed the exposés as a teaching moment for industry up-and-comers.
Many have praised the next-level transparency, saying the exposure of business mistakes is refreshing. Former Buffer employee Tia Fomenoff appreciated her boss's honesty. "I'm sure there are times you get laid off and don't get answers to all your questions," she told the Wall Street Journal.
That education has a price, however. Cassie Phillipps, the creator of the discussion-based conference FailCon, noted to WSJ that the oversharing idolizes failure--and plainly, it's just "way too much."