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> Why can't it be more sexy to run a sustainable small business? - I think they could run reddit profitable with less staff, which focuses on the core functiona
by ilyt 3y ago
> Why can't it be more sexy to run a sustainable small business? - I think they could run reddit profitable with less staff, which focuses on the core functionality instead of trying to grow into new markets and segments.
Investor returns, obviously. The whole funding model is throw money, make it big, monetize, sell out.
I do think it would maybe be possible to make company like Reddit "just" be profitable and keep on chugging but that's not what the investors throwing millions at it want.
The funding model is antithesis to "just a sustainable company in their niche"
- johannes1234321 3y agoYes, but how can we change society to make the small shop more sexy? I'm all for the founders having a good life and having fun, but they shouldn't have to try hyperscaling.
- ilyt 3y agoWhat fucking society ? Society has nothing to do with that. Businesses like that exist just fine. Problems like that are entirely the creation of venture capital and stock market. The wider society have very little effect on that. And partially allows them to outcompete "healthily growing one" by allowing companies to run on negative income for years, even decades. Investor mentality is what spawns that. The ability for people not caring about the company or the niche it is in to force the direction or buy out the competition. And I don't think that can easily go away any time soon, and it is very double-edged sword as obviously some good had come from "someone with good idea getting money from investors to realize it"