4 ms·
It sounds like what you’re describing is what is commonly referred to in the HN crowd as a lifestyle business. They generate a good life for their owners, alth
by nsl73 6y ago
It sounds like what you’re describing is what is commonly referred to in the HN crowd as a lifestyle business.
They generate a good life for their owners, although less than billions, are self sustaining, are privately owned, and often times the brands are known for quality, uniqueness, or exceptional user experiences.
Wolfram Research, author of Mathematica and Wolfram Alpha, is a great example of this type of business as a software company.
- suby 6y agoCraigslist is probably another good example.
- pzmarzly 6y agoAnd if we look at corporations that are privately owned in a large part, IKEA and Valve come to mind.
- ArnoVW 6y agoSmall nit : the founder of Ikea is the eigth-richest person in the world (58G$). Though I suppose it's easier to amass wealth if one does not pay taxes. https://nomoretax.eu/ikeas-founder-paid-tax-for-the-first-time-in-42-years/ https://nomoretax.eu/ikeas-founder-paid-tax-for-the-first-ti...
- pzmarzly 6y agoSmall nit: was, not is - he died 2 years ago.
- umvi 6y agoPursuit of profit poisons the product
- Stratoscope 6y agoThe chalice from the palace has the brew that is true! https://www.youtube.com/watch?v=q4Ow69QWJmo https://www.youtube.com/watch?v=q4Ow69QWJmo
- ddingus 6y agoYup, in one sense. Could be any of the following: User owned Public entity Lifestyle Non profit with a charter to maintain value to users I remain unconvinced discussion requires the increasing messes thrown at it.