Comment by mission_dolores

it's personal only in the sense that Matt had been doing an absolutely awful job leading the company for several years, and the board had fiduciary obligations to intervene

this is not a bad day for founders; it's Matt having gotten to the end point of his value as a leader

Don't get me wrong: getting to a point where you have 2,000 employees and a 7 billion dollar valuation is a massive accomplishment. He was clearly very effective at various parts of the company's history. But it scaled beyond the point where his skillset and personality could continue to credibly steer the ship