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That's fair. Good luck selling investors on this 'long term' thing. Better to, like Bezos, retain control and COMPEL them to deal with you over the long term.
by Applejinx 3y ago
That's fair. Good luck selling investors on this 'long term' thing.
Better to, like Bezos, retain control and COMPEL them to deal with you over the long term. That guy is somebody who understands the value of power over profit.
Never underestimate the amount of chaos a homo economicus can run into when they're dealing with a fanatic, a prophet, or a vindictive businessman with a taste for vengeance. You don't only need to worry about self-interested idealistic hippies. You might also run into someone who is able to take a position using open source against you specifically to undermine you, and who can take a loss if it's for the purpose of taking you out.
This too is 'long term' in a sense. I like your 'long term' better, mind you. I'm just saying.
- Nevermark 3y agoAgreed on Bezos, for a long time. Perhaps one reason he retired, is Amazon got so big he couldn’t see any more significant long term growth, relative to its monstrous size, without enshittification: Extorting income from partners, using sales data from third parties to compete with them, forcing ads and a gamed search onto customers. He could only (or only wanted to) hold off Wallstreet for as long as he had a better plan. Other than staying private, with stakeholders who care about the discipline & rewards of only finding quality growth (even if that path isn’t always clear), I don’t know of a way out of that trap. I am no hippie, but I don’t think public ownership has found the perfect structure yet. There must be a way to better incentivize positive sum-only games. Keeping individual company growth tied more closely with customer improvement.