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Exactly. I think what we are seeing is the result of decision makers at these businesses now having to report to investors who are essentially outsiders to the
by harpiaharpyja 3y ago
Exactly. I think what we are seeing is the result of decision makers at these businesses now having to report to investors who are essentially outsiders to the community. Their only stake or interest in the operation comes from having dumped a bunch of money into it. But now they get to call the shots or if not, exert a ton of pressure.
I think the takeaway is that businesses built around a community really should not go public.