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Because most tech start ups in the valley are funded by private investors, and for them usually the best outcome is either an exit or an IPO. When the industry
by Mahn 9y ago
Because most tech start ups in the valley are funded by private investors, and for them usually the best outcome is either an exit or an IPO. When the industry is dominated and controlled by this kind of funding, these goals end up idolized because that's just what rules the land. The VC wants to flip it to Google, the entrepreneur just hopes that he doesn't fuck up and that his investor gets his outcome.
- tptacek 9y agoThe dynamic you're talking about is intrinsic to the mathematics of funding startups. It's not a value judgement.