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It is a success because it is a concrete milestone that shows the founders have fulfilled their roles to satisfaction. An exit is not the only success, you coul
by tinco 5y ago
It is a success because it is a concrete milestone that shows the founders have fulfilled their roles to satisfaction. An exit is not the only success, you could also simply transition into being a successful private company, but then there's no clear finish line. Now it is clear, no can argue the founders success, it's written in black and white and made public for all to see, they achieved an undeniably great thing.
Customers are always a product for shareholders, that doesn't suddenly change when a company is sold to other shareholders. And anyway, it could be a good thing, obviously Etsy has great experience with taking care of their customers and their partners and with running a huge business. Who says anyone was abandoned?
- Judgmentality 5y ago> Now it is clear, no can argue the founders success, it's written in black and white and made public for all to see, they achieved an undeniably great thing. No one can argue the founders' successful profit. I know nothing about this company and have no opinion on it one way or the other, but I know companies that are borderline fraudulent (and I am aware that is a strong claim) that are going public via SPACs and the founders are getting rich despite not having a product or paying customers.