3 ms·
It would be interesting to hear that story from the developer side of things. I'm sure there's more to it. I also got a few stories. Maybe a bit of a rant bu
by YZF 11y ago
It would be interesting to hear that story from the developer side of things. I'm sure there's more to it.
I also got a few stories. Maybe a bit of a rant but bear with me ;)
I have the technical know-how and the idea and I bring in a business person to help try and make a business from it. Before I know it the business person is putting me in a position where I lose control over the product and the business and essentially have to work for free on faith and lose all my intellectual property. I quit, sooner rather than later. Just to be clear very little effort was invested at this point and I was clear about my expectations from the beginning.
I go work for a startup and take stock options as part of my compensation. The company IPOs. All business types including fairly recent hires make a ton of money. Most technical types made almost nothing. The shares keep declining, the company gets bought out, more money for business types. End of story? I did get an OK salary as well but I invested a lot of heart in this so it left me with a bad taste.
What's at the core of this? No one is looking for win-win situations. We have too much competition and too little cooperation. When you have a CEO who is solely motivated by how much money he is going to make this is bad for employees, shareholders, the company and everyone else. Just because the way this CEO will make money is making the company look good doesn't mean he actually cares about anything beyond how it looks. Not all companies are like that but too many are. What we have is lose-lose, companies and shareholders lose from high churn, lack of loyalty, lack of motivation, lack of investment, bad CEOs. Employees for the most part lose as well. Tragedy of the commons. Specifically with Apple they're hoarding cash, not investing it, not paying it out to employees or shareholders. They're buying back their shares at inflated prices. How is that something that benefits the company or anyone else? They're sucking money out of the economy. I'm sure there are worse examples...
- nickpsecurity 11y agoGreat counterpoint that describes and gives anecdote to what I described in my own reply: https://news.ycombinator.com/item?id=11095689 https://news.ycombinator.com/item?id=11095689