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This is a bad thing. It's the rich getting even richer off the labour of workers. It's an increasing small circle. They aren't some visionary geniuses who went

This is a bad thing. It's the rich getting even richer off the labour of workers. It's an increasing small circle. They aren't some visionary geniuses who went and founded lyft. They are just guys with money who know the right people.

alehul 8y ago
> It's the rich getting even richer off the labour of workers We could also view it as the people who paid for all of their labor for years getting even richer, considering Lyft being unprofitable.
- astazangasta 8y ago
  Since they're the ones with the money, they're the ones who have to end up paying. If you give someone else the money, they'll pay people, and you can celebrate them instead. Or, we could not have an economic system based on the bizarre idea that certain people always get money whenever someone else does work.
  - alehul 8y ago
    > certain people always get money whenever someone else does work The people who did work were paid by the investors for almost 7 years now (Lyft was founded in June 2012 and is unprofitable to this day), along with some equity. If Lyft were to fail this year rather than IPO, the employees would walk away with 7 years of great salary and 7 years less of their working life. The investors would walk away with their money gone and wasted.
    - anth_anm 8y ago
      > The investors would walk away with their money gone and wasted. And that would suck. Probably have to take the private jet down to party on the yacht for a solid week or so. Just to give you time to get over it.
      - dang 8y ago
        Could you please stop posting unsubstantive comments to Hacker News? You've posted essentially the same thing six times in one thread. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
        anth_anm 8y ago
        Right sorry, I forget that you’re a humorless douchebag who considers anthing that crosses the line into sarcasm to be unacceptable. Worst moderator I’ve ever seen. Honestly, just god awful.

alehul 8y ago

> It's the rich getting even richer off the labour of workers We could also view it as the people who paid for all of their labor for years getting even richer, considering Lyft being unprofitable.

astazangasta 8y ago
Since they're the ones with the money, they're the ones who have to end up paying. If you give someone else the money, they'll pay people, and you can celebrate them instead. Or, we could not have an economic system based on the bizarre idea that certain people always get money whenever someone else does work.
- alehul 8y ago
  > certain people always get money whenever someone else does work The people who did work were paid by the investors for almost 7 years now (Lyft was founded in June 2012 and is unprofitable to this day), along with some equity. If Lyft were to fail this year rather than IPO, the employees would walk away with 7 years of great salary and 7 years less of their working life. The investors would walk away with their money gone and wasted.
  - anth_anm 8y ago
    > The investors would walk away with their money gone and wasted. And that would suck. Probably have to take the private jet down to party on the yacht for a solid week or so. Just to give you time to get over it.
    - dang 8y ago
      Could you please stop posting unsubstantive comments to Hacker News? You've posted essentially the same thing six times in one thread. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
      - anth_anm 8y ago
        Right sorry, I forget that you’re a humorless douchebag who considers anthing that crosses the line into sarcasm to be unacceptable. Worst moderator I’ve ever seen. Honestly, just god awful.