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Owners of every kind of company want to extract as much value as they can at the lowest possible cost. Even nonprofits want to serve their missions (which are u
by closeparen 7y ago
Owners of every kind of company want to extract as much value as they can at the lowest possible cost. Even nonprofits want to serve their missions (which are usually distinct from staff welfare) as best they can at a given budget. Greed doesn't seem to have much explanatory power for why startups in particular would be worse.
- goatinaboat 7y agoOwners of every kind of company want to extract as much value as they can at the lowest possible cost Other than sports, what other industry than VC-backed startups lures in talented-but-naive young people, promises them riches, then chews up and spits most of them out, having burned them out? OK maybe music and fashion as well. Meanwhile the owners get richer and richer.
- mrep 7y agoPretty much any career that has an up or out policy with the promise of riches if you don't get pushed out of which there are plenty. For example, many consulting companies work this way where they will pay you a fraction of your billing rate and have you work a ton of hours in the hope that you will eventually make partner which is where you make the real money.