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Interesting. A somewhat tangential question...for a company like Craigslist that seems content to collect profits as an independent private company rather than
by mlinsey 19y ago
Interesting.
A somewhat tangential question...for a company like Craigslist that seems content to collect profits as an independent private company rather than cash out with a sale or an IPO, what happens to those that hold stock? I'm thinking not just of investors like eBay but in particular their employees. Since lots of starup employees decide where to work based on where they will be able to cash out their options, how does a company like Craigslist keep its employees on board?
- modoc 19y agoThey probably pay them. Or they have a longer term strategy that's known within the company, but frankly I like the idea of just running it like a business and paying the employees. I really agree with DHH's talk this past weekend (even though I don't always agree with DHH in general). There is a lot to be said for just running a business profitably.