4 ms·
Probably not. I think going public ruins the ability of such a company to maintain a moral compass. It certainly vanquished any idea of maintaining their 'don't
by fjabre 8y ago
Probably not. I think going public ruins the ability of such a company to maintain a moral compass. It certainly vanquished any idea of maintaining their 'don't be evil' motto.
They simply could have committed not to becoming a publicly traded company. I know every YC investor looks at going public as the end all be all for every company on earth but I think the pursuit of the public market at all costs mindset typically espoused by communities like this one is morally devoid and obviously has long term consequences in the tech community at large.
Go public at all costs is the mindset here and in most VC communities. Make money at all costs is really what they mean to say. Get rid of that mindset.
Google used to have a moral compass. That was the Google I grew up with. Before all the pressures of being a publicly traded multibillion-dollar conglomerate got to them and now they are basically no better than ATT.
- scarface74 8y agoIf every YC investor looks at going public and only one has ever gone public, they were looking in the wrong direction. Most VC funded companies either get acquired or go bust.