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I don't think it's a good thing businesses are pushed towards being either "maximize profits" or "not allowed to make profits at all" (i.e. not actually a busin
by Sniffnoy 9y ago
I don't think it's a good thing businesses are pushed towards being either "maximize profits" or "not allowed to make profits at all" (i.e. not actually a business in the usual sense). Like, businesses should be able to "profit-satisfice" if that's what the owners want. Some do; Craigslist basically still does this last I heard. But it sure seems like businesses get pushed away from that, doesn't it? I guess a lot of that is what hn_throwaway_99 said -- don't take VC funding if you want to be able to do that! Or more generally, as little outside funding as you can get away with. Just have to keep it as yours as possible...
Edit: See also sibling comment, hn_throwaway_99 also said it well.