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This is the same reason why startups often phrase what they are trying to do as "change the world" and not "become filthy rich" to their employees.
by HWR_14 5y ago
This is the same reason why startups often phrase what they are trying to do as "change the world" and not "become filthy rich" to their employees.
- Aeolun 5y agoI think most startups (at least originally) did start out as ‘change the world’. When you find out that changing the world is kinda hard, ‘become filthy rich’ starts to sound like a good alternative.
- idontpost 5y agoYou're just falling for the propaganda.
- heavyset_go 5y agoThey'd be structured differently if they were truly about changing the world, instead of just being vehicles for wealth accumulation.
- Swizec 5y agoAs a startup person, I like the startups where the spiel is “Get filthy rich by changing the world” the most. As long as I get to partake in the riches.
- PaulDavisThe1st 5y agoAs a regular person, I like startups where the spiel is "Have a fabulous life and be pretty comfortable while doing things that even after some serious devil's advocacy seem as if they might make the world a better place".
- heavyset_go 5y agoI've had good rapport with those who are honest about their startups being businesses, as they're usually also the same types who understand that working for them is just a job, and that a job at a startup comes with its own risks, as well. People that go out of their way to say that their startups have a higher mission make me uneasy. I don't know if they're just trying to convince others that they're running something other than for-profit businesses driven by expected returns on investment for investors, or if they truly believe it themselves. It's either borderline manipulation or delusion, and neither are something I want to hitch myself to.
- dotancohen 5y agoI can think of a couple of companies whose public face represents "Get filthy rich by changing the world". Tesla, for one. Maybe SpaceX too. Oh, no, that reads like I just turned into a Musk fanboy. Surely there's got to be some non-Musk company that I can add to that list?
- skissane 5y ago> Surely there's got to be some non-Musk company that I can add to that list? Biotech startups? Develop a cure for horrible disease X (save lives, give people a few more years with their families, etc–feels good?)–and then get rich selling that cure. I think Blue Origin's messaging is in principle similar to SpaceX (Bezos wants to save the environment by moving manufacturing to orbit, etc.) It is just that SpaceX rather obviously delivers on that message, and has grown rich delivering; Blue Origin hasn't delivered much yet, and it is hard to grow rich prior to delivery–but maybe, give them a few more years, they'll finally get their act together, and they'll become more SpaceX-like.
- mushbino 5y ago
- quantified 5y agoNot a single professional investor does so on the basis of “change the world”. Maybe “create a monopolized market”, that’s a changed world.
- PaulDavisThe1st 5y agoI was impressed when I met the founders of Gaikai (a zero-day network game distribution system later bought by Sony), and asked them what the goal was. Answer: "Buy an island". Honesty has its merits.
- geoduck14 5y agoI had a VP at a large company who was sharing her background. When she talked about her failed start up she said "we did it cause we wanted to be MILLIONAIRES... and that didn't work out so here I am". It was funny and personable. Still one of the better VPs I remember.
- BurningFrog 5y agoBit of a false distinction to me. Because how to get filthy rich is by changing (improving) the world.
- jnash 5y agoHahahaha you are so funny!
- deleted 5y ago[deleted]
- NoGravitas 5y agoOh, my sweet summer child.
- leaflets2 5y agoIt's one way to do it, not the only or simplest one? And once someone had done it, they tend to transition a bit to exploitation mode because why not (they think)? Is my impression