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If you want more long term business thinking you want more private companies. Once you go public, personal ambition goes out the window - all that matters is th
by zanny 11y ago
If you want more long term business thinking you want more private companies. Once you go public, personal ambition goes out the window - all that matters is the share price and quarterly growth forecasts, because then the people that own and run the company are no longer passionate innovators, but the investors, who are only looking to make money.
We talk about how the tech industry has a problem with employer / employee loyalty where you should expect to work for a half dozen companies by 35, but even moreso investors have zero loyalty whatsoever, and will jump at the first sign of declining growth.
So entrepreneurship is only half the battle - we also need to incentivize more Dells that either revert from public to private or just get more new business startups that aren't looking to just cash out and sink the business.