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I think founders thought about the long term when companies were growing slowly by earning money and then reinvesting it. At least in SV with the amounts of a
by rqtwteye 4y ago
I think founders thought about the long term when companies were growing slowly by earning money and then reinvesting it. At least in SV with the amounts of available investor money they are incentivized to make a company look good for a few years and then cash out enormous amounts of money. There doesn’t seem to be long term thinking of the company as a sustainable business.
- efitz 4y agoExactly. I think that the problem is the “constant growth at any cost” model.