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They could. But if they commit to relinquishing control of their enterprise to outside VC investors (as practically all SV companies do; there's no such thing a
by 0815test 8y ago
They could. But if they commit to relinquishing control of their enterprise to outside VC investors (as practically all SV companies do; there's no such thing as a self-bootstrapped unicorn!) they won't.
- Wowfunhappy 8y agoIf you want an example of a tech company that actually decided to prioritize public good, I'd present Kickstarter, which has specifically registered itself as a public benefit corporation. They are admittedly a lot smaller, and I'm sure there were a lot of situational details that made it possible, but they did it.
- manigandham 8y agoThere are billion-dollar companies like Zoho and Atlassian that have been bootstrapped.
- 0815test 8y agoAtlassian and Zoho are B2B enterprise shops. Not unicorns, and not facing the same bad incentives as consumer-facing companies.
- manigandham 8y agoA unicorn are startups that have gone to become worth at least $1 billion. That's it. B2B is not relevant to that classification.