Diffuse assets like reputation don't appear on the quarterly asset sheet. So the first time such a company has a bad quarter they'll be forced to pawn them off

Diffuse assets like reputation don't appear on the quarterly asset sheet. So the first time such a company has a bad quarter they'll be forced to pawn them off for cents on the dollar in the name of 'efficiency' ortheir funders will have a tantrum and coup the management. The vc funding model is fundamentally incapable of respecting anything that isn't 'more control for investors and make line go up now'