3 ms·
> Investors do not make fortunes based off the opinions of junior programmers nor on their understanding of the nuances of codebases. Investors can lose money
by throwawayjava 8y ago
> Investors do not make fortunes based off the opinions of junior programmers nor on their understanding of the nuances of codebases.
Investors can lose money on bad code bases. Technical due diligence is a real thing. And getting a third-party opinion on "if your CTO dies, does your business also die?" is EXACTLY the sort of thing that comes up in those conversations. E.g., https://dave.moskovitz.co.nz/2016/08/29/technical-due-diligence-checklist/ https://dave.moskovitz.co.nz/2016/08/29/technical-due-dilige...
If a technical audit comes back with "the CTO is the only person who can maintain this code base", and if the code base itself is a major asset the buyer is interested in, that can kill or substantially modify the terms of a deal.
> Demonstrating such a lack of awareness and understanding does explain why you are a junior programmer and not an investor.
(e: removed silly speculation)
> ...go and buy some stocks, etfs, mutual funds
This provides zero insight into what technical due diligence looks like or how that plays into the overall decision to purchase or invest in a company?
- lisper 8y agoYou both (@patreus, @throwawayjava) might want to take a quick look at my profile before you start speculating about my financial situation.