3 ms·
>reserve the term “greed” for software businesses with infinite scalability that not only deliver 20%+ profit margins year after year, but growth on top of that
by fuzzfactor 3y ago
>reserve the term “greed” for software businesses with infinite scalability that not only deliver 20%+ profit margins year after year, but growth on top of that.
Hey wait a minute, that's the kind of returns I like to do with a regular business, and I'm as non-greedy a non-consumer non-capitalist as you probably will find.
I'm just a plain entrepreneur by nature, and a respectable return is always a worthwhile target.
Software businesses can do way better than that, absolutely no greed should be necessary. And when greed does pop up (prevail?) it's so disgraceful.
When you do the math over the long run, the amount of upside is drastically limited by the presence of greed.