• xmunk@sh.itjust.works
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    5 months ago

    Yea, I’d saying that a company seeking outside investors or trying to bring on managers or consultants… these aren’t inherently bad things - it’s just that in practice it’s fucking awful.

    In our modern capitalist system the flow diagram is basically: team/founder starts a company, company does well and builds a customer base, team/founder cash out, PE/profit targets force under investment in company health, company gets worse, new team/founder outcompetes… though a huge problem at the moment is that having a billion dollar slush fund can really draw out being outcompeted i.e. Uber/literally anything in silicon valley.