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Top-level
Tom
That's not the worst part, they don't even have to make a profit later. They just burn capital to keep prices low, put enough competitors out of business to make the IPO/sale attractive then cash out to the rubes who bought their BS. After that, why should they give a shit? The VC/founder business model NEVER has to work long term for the players to win big. 6 comments
Ben Cox
@Tallish_Tom @arielcg @aral & many of the rubes are the employees. (Equity compensation is wage theft. Pass it on!)
Michael Roberts
@Tallish_Tom @arielcg @aral - Working or thinking long-term is actually seen as a negative. 
Rob Landley
@Tallish_Tom @arielcg @aral It also grinds up founders who WANT to make a sustainable business but are naieve enough to take VC funding. You could be profitable at 6 people (like a dental practice) but have to hire 20 in a big office to show "growth". So you overshoot your revenue and must pursue a second and third round of VC funding. Teaching someone to swim by giving them a 500 pound scuba tank with a second tank on the bottom of the ocean. Keeping your head above water vs go straight down. |
Gregory's Server
@Tallish_Tom @aral yeah, but you need to at least "make the effort" to make the IPO and that someone is interested. See Reddit's (poor) attempt at it by killing third party tools or making them pay insane amounts; and all the ads and gift-thingys they show you.