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You can't stand up to the financial sector if you are an investment-funded venture. That way is suicide. The problem is that once you get to a certain size, a
by einhverfr 13y ago
You can't stand up to the financial sector if you are an investment-funded venture. That way is suicide. The problem is that once you get to a certain size, a significant part of your shares are owned by investment banks.
- thrush 13y agoIt seems that what you're pointing out is basically no company can stand up to the financial sector because they are too dependent on them. But at some point if your right hand is causing you too much pain, you'll have to cut it off. I wonder how close we are to that point. I'd like to see the financial and insurance sectors run primarily by tech workers and leadership. I think this could help neutralize the problem. I think this alludes to zt's comment as well.
- einhverfr 13y agoRight. However, it won't be the established players or even the VC-funded startups that can do this. It will be a shift from investment-funded firms to lifestyle businesses, and it won't be sector specific.