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I am totally on-board with your assessment, but also please add at least Spain to the loose music IP regime at that time. > I'd say there's survivorship bias g
by consumer451 2y ago
I am totally on-board with your assessment, but also please add at least Spain to the loose music IP regime at that time.
> I'd say there's survivorship bias going on.
I agree that there is definitely survivorship bias happening here. However, what exactly is the punishment for failure? Is it worth the risk for the founders?
- caseyy 2y agoWell, I suppose one might say there's no risk so long as the corporate veil isn't pierced and the company is limited somehow. But that is a bit cynical and reductive. In cultures that hate piracy, the personal reputational risk is high. Besides, company officeholders are sometimes sued personally for their company’s ills. Even if they can defend themselves, it will cost much money and years of stress. Another risk, I suppose, is various opportunity costs—one wastes time and funding that could have been better used. I also agree with your assessment, by the way.
- yojo 2y ago> In cultures that hate piracy, the personal reputational risk is high. Which cultures are we talking about? I assume not the US. Look at Sean Parker - Napster got sued to oblivion, he became first president of Facebook and made literal billions. His cofounder (Shawn Fanning) didn’t make it quite as big, but still sold a company to Blizzard for $30m. Plus whatever he made out of HNT. Neither seemed to suffer any kind of stigma for their involvement in arguably the highest profile piracy startup.