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> My first reaction to reading the title was "why?" You're reading Hacker News. You know what "exit" means.
by a3n 11y ago
> My first reaction to reading the title was "why?"
You're reading Hacker News. You know what "exit" means.
- yoshamano 11y agoThis is true, but my first reaction was as a LastPass customer not as an observer of the company. I also agree with colinplamondon's comment "The thing I liked about LastPass was that it seemed like the highly geeky, less startupy approach to password managers, more likely to be run for the long-term, less likely to be at risk of an acquisition." So the thought of them seeking an exit never crossed my mind.
- qntmfred 11y agomakes the point that this startup culture with a focus on exits and maker founders and VCs rich is often not beneficial to our customers
- saintgimp 11y agoAnd I think at some point the customers are going to figure out that the startup merry-go-round is and never was intended for their benefit. Over time it's going to get harder for new startups to attract customers because people will realize that flashy new product offerings aren't likely to stick around (in a form that we actually want) for long.
- dingdingdang 11y agoAnd since "exit" has come to mean 50%+ chance that customers will be screwed over it also means that in the future having a decentralized product will be KEY to actually get investor money - there's only so many times this get-customers-screw-customers round-about can spin before it gets uninteresting from a capital gain standpoint.
- a3n 11y agoI'm not so sure. It's also possible the it will always work, and what happens is you lose the early, informed users, and gain new users who are more moved by marketing. Logmein is still in business, and buying companies. At first blush it seems like they'd be a good company to have a stake in.