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> a sustainable lifestyle business A company with 100 employee isn't a lifestyle business. The term we used to use for that before VC swallowed the world and d
by munificent 5y ago
> a sustainable lifestyle business
A company with 100 employee isn't a lifestyle business. The term we used to use for that before VC swallowed the world and decided that anything less than a billion is chump change was simply "business". A 100-person company with millions in revenue is a successful medium-sized business.
The only reason it doesn't feel successful and stable today is because we live in a unprotected corporate environment where any of the giant behemoths may anti-competitively crush a smaller business if they so choose to and there won't be any repercussions.
I wouldn't be surprised if the main motivation for Bandcamp selling was simply the fear of being either bought out by someone worse, or crushed by them. (Likely Spotify, which is two orders of magnitude larger than them.)
- BaseballPhysics 5y agoYup, excellent points all around. Well put!