4 ms·

One of the issues with founders is that they get really into one specific idea and sink the company, rather then to switch strategy.

• idiotsecant 11mo ago
  As opposed to shareholders, who ravenously seek to maximize short term profits and sink the company.
  • arcfour 11mo ago
    That's why there are no publicly-traded companies more than a decade or two old. Oh, wait...
    • delecti 11mo ago
      The comment you replied to was just pointing out that, like how a founder-held company can get stuck pursuing the founder's obsession, a stock market held company can also single-mindedly pursue quarterly gains to the detriment of long-term health. There are old companies in either model.
      • arcfour 11mo ago
        It didn't say can. It stated it rather definitively, which I wanted to point out the absurdity of.