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Agreed. I also think that once you grow beyond one employee (yourself) as a founder, you acquire a deep moral and ethical (although not legal) responsibility to
by gwelson 5y ago
Agreed. I also think that once you grow beyond one employee (yourself) as a founder, you acquire a deep moral and ethical (although not legal) responsibility to the wellbeing of your employees. The very notion/term "exit" has always made my skin crawl, at least in the context of "serial entrepreneurs".
Treating a company - a thing that often dozens, hundreds, or even thousands of people depend on for their livelihoods - as nothing more than an assert that can be bought and sold at the whims of a founder is fundamentally gross to me. Sure, not every acquisition leads to layoffs, but many (most?) do and I think that's abhorrent.
I know it's how the world works, but I don't think the culture of starting a company to get acquired for a nice "exit" should be celebrated and I think policy measures that can stop or diminish this culture are fundamentally good.
- deleted 5y ago[deleted]
- nunez 5y agoYeah but those employees benefit from exits as well
- reaperducer 5y agoSome of the employees may benefit from exits sometimes. There is no shortage of exits that screwed the employees.
- adamsb6 5y agoWhen I've joined startups in the past they've been up front about their exit strategies during interviews. Everyone knows that they're making a risky bet that might end with the company folding or might result in a big windfall.
- tick_tock_tick 5y ago> as a founder, you acquire a deep moral and ethical ... responsibility to the wellbeing of your employees No, everyone knows what they are getting into this is a horrible concept and should be pushed back against at every turn. If you want someone to be responsible for another adult petition the government to do it.