5 ms·

Yahoo did serve one purpose, it was the exit system for a lot of almost successful startups. Hope that continues under Verizon, though I doubt it. On Mayer, we

by kartD 10y ago

Yahoo did serve one purpose, it was the exit system for a lot of almost successful startups. Hope that continues under Verizon, though I doubt it. On Mayer, well eh she put her hand up and suffered. but then Yahoo was pretty much past saving. Hopefully, she's learned from her mistakes and moves to something more productive.

chrishacken 10y ago
Why would you hope that continues? They validated startups that probably wouldn't have been validated by any other means. Unless you're an investor, that's probably a bad thing, not a good thing.
- freehunter 10y ago
  It's a good thing if you own or work for the startup. It gives you an exit when otherwise you would be bankrupt and unemployed.
  - winstonewert 10y ago
    But its a bad thing overall if the employees and owner of the startup were wasting their time and money producing a product that never showed value.
    - 650REDHAIR 10y ago
      Showed enough value to be acquired...
      - winstonewert 10y ago
        ...by Yahoo, which in light of their current situation is not much of an endorsement.
cft 10y ago
The macro economically productive "purpose" of a start-up is to make profit, not to "exit". Until this is understood and forced by the economy, the overall economic climate in the US will continue to deteriorate.
- michaelvoz 10y ago
  The purpose of a company is to make money. There is no disagreement there. But the fact that economic climate in the US is deteriorating is bunk, and double bunk that even if it were, it would be related to misunderstandings of the purposes for which startups are founded and run...
  - cft 10y ago
    Do you own a house in SF now, as an Uber employee? In 1950s one would be able to afford that, with a non-working wife and several children.
    - michaelvoz 10y ago
      Rather personal no? I guess a question merits answering. I do not - but not because I cannot afford one, I am saving my money for something else :)

by kartD 10y ago

chrishacken 10y ago

Why would you hope that continues? They validated startups that probably wouldn't have been validated by any other means. Unless you're an investor, that's probably a bad thing, not a good thing.

freehunter 10y ago
It's a good thing if you own or work for the startup. It gives you an exit when otherwise you would be bankrupt and unemployed.
- winstonewert 10y ago
  But its a bad thing overall if the employees and owner of the startup were wasting their time and money producing a product that never showed value.
  - 650REDHAIR 10y ago
    Showed enough value to be acquired...
    - winstonewert 10y ago
      ...by Yahoo, which in light of their current situation is not much of an endorsement.

cft 10y ago

The macro economically productive "purpose" of a start-up is to make profit, not to "exit". Until this is understood and forced by the economy, the overall economic climate in the US will continue to deteriorate.

michaelvoz 10y ago
The purpose of a company is to make money. There is no disagreement there. But the fact that economic climate in the US is deteriorating is bunk, and double bunk that even if it were, it would be related to misunderstandings of the purposes for which startups are founded and run...
- cft 10y ago
  Do you own a house in SF now, as an Uber employee? In 1950s one would be able to afford that, with a non-working wife and several children.
  - michaelvoz 10y ago
    Rather personal no? I guess a question merits answering. I do not - but not because I cannot afford one, I am saving my money for something else :)