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The article actually contains a good point regarding investors and external influence: > Companies like Facebook, publicly traded, have a legal obligation to m
by dbrgn 9y ago
The article actually contains a good point regarding investors and external influence:
> Companies like Facebook, publicly traded, have a legal obligation to maximize profits for their shareholders. Private companies with investors are similarly obligated. Nowhere in the equation does it say that they’re obligated to do anything for you - the only role you serve is to be a vehicle for exploitation.
But I see an exception to this rule: Self-financed companies where the founders are still the shareholders and where the founders are in the company for the long run, and where the company is financed by the users.
If your company is financed by the users, then in order to make the business sustainable you need to optimize for the users. If the users demand privacy, then you optimize for privacy.
I'm aware that slow, sustainable growth is not popular in silicon valley, but that's probably a question of culture (in many european countries a lot of startups still follow this path).