Facebook cofounder Chris Hughes said his fraught tenure as head of The New Republic taught him about setting expectations and risk.
" to speak about The New Republic fiasco. He said that it actually taught him a valuable lesson about expectations and risk that he's since been mindful of."I took those early lessons from Facebook and the Obama campaign and set really unrealistic goals," he told us."Those goals I do regret.
Twenty employees and 36 of 38 contributing editors resigned. Many of them vented their anger publicly, and Hughes' years of glowing press turned sour. On top of the drama, the needle barely moved in terms of subscriptions and online readers. The attempt had failed. He doesn't see it as a total loss, noting that he's proud of a lot of stories published and user experience changes made under his tenure, but sees where he made mistakes.
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