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You are probably pretty much correct, but at the same time if it was that cut-and-dried then the contracts would stipulate tenure a lot longer than 2 years for
by TrevorJ 17y ago
You are probably pretty much correct, but at the same time if it was that cut-and-dried then the contracts would stipulate tenure a lot longer than 2 years for founders when a startup gets bought out.
- abossy 17y agoNotice that the examples I gave aren't companies that have been bought out; they're still being led by their founders. The problem is that less and less companies are having IPOs and reaching massive size to carry out their original vision properly. Instead, their liquidation option is acquisition, which keeps the CEOs of big, rich companies in power and lets them carry out the visions of acquirees the way they see fit -- which usually isn't the optimal solution. A founder is much more suited to carry out his or her vision by having millions of dollars in the bank and no constraints, rather than be constrained by the acquiring company in a system that is bloated and become increasingly bureaucratic.
- ori_b 17y agoThe companies that survived to follow through on their original vision tend not to have gotten bought out and absorbed into a megacorp.