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I don't think being self sustaining is sufficient if you're a web company these days. Shareholders want growth. Execs whose bonuses are indexed on growth want g
by simias 8y ago
I don't think being self sustaining is sufficient if you're a web company these days. Shareholders want growth. Execs whose bonuses are indexed on growth want growth. It's always more, more users, more ads, more engagement... Why earn one million when you can earn two? Who cares if you're the new Digg if you could be the new Facebook instead?
- aldoushuxley001 8y agoIt's easy enough to be a 100% private social media company that isn't solely driven by maximizing profit. Some things are worth more, and these companeis are free to pursue them without the hassle of shareholders. Of course, these companies are typically bootstrapped, but still.