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This makes it sound like something dirty. Tech workers want to buy homes and go on vacations just like everyone else. That's a good thing. They had an opportun
by jamestimmins 6y ago
This makes it sound like something dirty.
Tech workers want to buy homes and go on vacations just like everyone else. That's a good thing. They had an opportunity to make a lot of money making banking services easier for everyone; that's awesome and should be encouraged.
- TeMPOraL 6y agoIt's dirty when you couple it with the usual startup BS about changing the world, where the startup was created from day one with an exit in sight.
- themacguffinman 6y agoA startup exit doesn't simply erase all its impact. Plaid made many banking services a lot easier & popular, and it demonstrated how valuable that can be. All that doesn't just disappear. An acquisition/merger can also strengthen a startup's founding ambitions with more resources at its disposal.
- TeMPOraL 6y agoCan, but often enough, it doesn't. We end up with a cancelled product/service, or one maligned beyond recognition by the acquirer, with users having to untangle the service from their lives at last minute, while acquirer holds all the IP. Also, I question the general usefulness of startups created to pursue an exit in the first place. Besides there being often no point in entangling yourself with a service that's meant to be transient, the goals will be different too - the company will try to force hypergrowth by underhanded, and ultimately user-hostile means, vs. letting a thing grow on the strength of its usefulness. Myself, I strongly avoid dealing with any startup that I can smell was built for an exit.