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> The endless pursuit of growth is usually a byproduct of ego or at the behest of some intangible idea of "creating shareholder value." Previous discussions he
by tbrownaw 4y ago
> The endless pursuit of growth is usually a byproduct of ego or at the behest of some intangible idea of "creating shareholder value."
Previous discussions here have repeatedly told me that it's a condition for or result of getting vc funding.
- oldstrangers 4y agoYeah, file that under "creating shareholder value."
- octoberfranklin 4y agoThere is more to life, and indeed more to the economy, than "getting vc funding". There is also such a thing as "HN bias".
- infamouscow 4y agoYou're absolutely correct. The fact you're being downvoted rather than rebutted speaks volumes.
- alexb_ 4y agoYou're talking about a tech company here, not a business that makes sense.
- erikpukinskis 4y agoI don’t think we need to jump to “these dummies can’t conceive of a world outside of VC”… Uber already took a huge amount of VC funding, so mid-size strategies won’t work. Investors would rather risk the whole company on a 1% chance of becoming Google or Home Depot than take a 50% chance of becoming Applebees. Even though Applebees is presumably a nice, profitable business, those kind of numbers are not useful for the portfolio position they have Uber in. That’s just the reality for the folks running Uber today. If they try to turn it into a mid-sized business, the board will fire them. If I read the discussion charitably, someone up-thread wanted to shift the conversation to “what should’ve Uber done in 2012?” while their responders think they’re talking about “What can Uber do at this point?” I don’t think you need to act like we’re incapable of thinking about building businesses smaller than Google.