4 ms·

It's like I stepped off a time machine and I'm in 1999 reading the Yahoo Finance message boards.

by yapcguy 13y ago

jusben1369 13y ago
Right. Because the world has 30 - 50 years of successful tech companies that utilized venture capital to create lasting companies of value. But you want to pick the bubble year. You want to make the next Google Glass? The next self driving car? You have two choices. Work with a very large company who will use profits from their existing businesses to subsidize your efforts for years with loss making. Or start your own company and raise capital to sustain yourself while you build a super duper company that's defensible. I think they're both great routes to take. One of the main reasons Twitter is IPO'ing is that their competition (FB and Google) have a massive war chest. They need to have the ability to stay competitive.
- yapcguy 13y ago
  So they are going to raise a war chest to do battle, hooray! Before they spend the money, will they refund the taxpayers of San Francisco for the tax break they got?
  - jusben1369 13y ago
    I have no idea naturally. Are you feeling like San Francisco got a raw deal out of creating all that wealth (post IPO) in their City?
    - yapcguy 13y ago
      The question is why they felt they deserved a tax break in the first place. They even threatened to move to Australia at one stage. We're not talking about small businesses, strapped for cash, struggling to make ends meet, asking the city for some help so they can keep the lights on and people employed. We're talking about well-funded companies, with an army of lawyers and accountants, deliberately bullying a city, to eek out every little advantage they can.
      - jusben1369 13y ago
        Not sure what stage they were when the got that tax break (nor do I know the details) I do know a lot of cities offer these and the cities tend to reap a lot of benefits through having them stay. So maybe it's fair.
NTDF9 13y ago
What is this message board you talk of? I might be interested in lurking.

It's like I stepped off a time machine and I'm in 1999 reading the Yahoo Finance message boards.

by yapcguy 13y ago

It's like I stepped off a time machine and I'm in 1999 reading the Yahoo Finance message boards.

Right. Because the world has 30 - 50 years of successful tech companies that utilized venture capital to create lasting companies of value. But you want to pick the bubble year. You want to make the next Google Glass? The next self driving car? You have two choices. Work with a very large company who will use profits from their existing businesses to subsidize your efforts for years with loss making. Or start your own company and raise capital to sustain yourself while you build a super duper company that's defensible. I think they're both great routes to take. One of the main reasons Twitter is IPO'ing is that their competition (FB and Google) have a massive war chest. They need to have the ability to stay competitive.

yapcguy 13y ago
So they are going to raise a war chest to do battle, hooray! Before they spend the money, will they refund the taxpayers of San Francisco for the tax break they got?
- jusben1369 13y ago
  I have no idea naturally. Are you feeling like San Francisco got a raw deal out of creating all that wealth (post IPO) in their City?
  - yapcguy 13y ago
    The question is why they felt they deserved a tax break in the first place. They even threatened to move to Australia at one stage. We're not talking about small businesses, strapped for cash, struggling to make ends meet, asking the city for some help so they can keep the lights on and people employed. We're talking about well-funded companies, with an army of lawyers and accountants, deliberately bullying a city, to eek out every little advantage they can.
    - jusben1369 13y ago
      Not sure what stage they were when the got that tax break (nor do I know the details) I do know a lot of cities offer these and the cities tend to reap a lot of benefits through having them stay. So maybe it's fair.

NTDF9 13y ago

What is this message board you talk of? I might be interested in lurking.