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> Are there examples of companies that said “this is enough money” and stopped concentrating on having ever increasing profits every quarter to satisfy VC or st
by da_chicken 8y ago
> Are there examples of companies that said “this is enough money” and stopped concentrating on having ever increasing profits every quarter to satisfy VC or stock investors?
Yes, except they're most often private companies and not publicly traded. Many of these inspirational companies are family owned and operated. Eventually, however, someone will get in charge of the company who isn't satisfied with "good enough" and they'll take the company public or accept investors and choose to place profit over concerns like customer satisfaction and employee well being. In other words, eventually someone will decide, "My pocket book is more important than the community I live in."
If you want inspiration, look at the Chelsea Milling Company, makers of Jiffy mix. It's nearly 90 years old, has approximately 65 percent of the pre-mixed cornbread market in the United States, and has never had a marketing department and does not advertise.
- telchar 8y agoOff topic: I love the Jiffy Mix except last I checked it has trans fats in it. I wish they would remove that.
- tuxxy 8y agoIIRC, trans fats were banned in the US. I don't think it works be legal for them to contain them anymore.
- extra88 8y agoPartially hydrogenated oils, a major source of artificial trans fats, have been banned. Not all trans fats have been banned and they are not all artificial, they are also naturally occurring. Jiffy corn muffin mix doesn't contain partially hydrogenated vegetable oils and contains zero grams of trans fats per serving (I have seen it claimed that products may have less than 0.5 grams per serving and round down to zero). https://www.fda.gov/food/ingredientspackaginglabeling/foodadditivesingredients/ucm449162.htm https://www.fda.gov/food/ingredientspackaginglabeling/foodad... https://en.wikipedia.org/wiki/Trans_fat https://en.wikipedia.org/wiki/Trans_fat https://site.jiffymix.com/product/ https://site.jiffymix.com/product/
- telchar 8y agoI believe it did last time I looked at a box of it that I had in my kitchen. Maybe they removed them a little while back?
- extra88 8y agoThat's very possible. However, looking at 3rd party site that lists ingredients and nutritional information, Jiffy Corn Muffin Mix did not contain partially hydrogenated vegetable oils and listed zero grams of trans fats [0]. The site doesn't list when the information was added but the comment history goes back to 2011. They do also have a page for a Jiffy Baking Mix (no corn, sounds similar to Bisquick) that did contain partially hydrogenated vegetable oils, enough for one gram trans fats per serving. [0] https://www.fooducate.com/app#!page=product&id=43DBDE62-E10F-11DF-A102-FEFD45A4D471 https://www.fooducate.com/app#!page=product&id=43DBDE62-E10F... [1] https://www.fooducate.com/app#!page=product&id=43BFE144-E10F-11DF-A102-FEFD45A4D471 https://www.fooducate.com/app#!page=product&id=43BFE144-E10F...
- JohnJamesRambo 8y agoThat's a great example and a great product. We could all strive to make a product as good as Jiffy.