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by joecot
1461 days ago
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Once a company takes VC funding or a buyout, or makes an IPO, any ethical promise they've ever made is null and void. Later when choices are made outside of their control, they wash their hands and say it's not their fault. But the founders break those promises at the time they take that money, when they willingly gave up their control. And the point of VC funding is always a buyout later, where all founder control will be lost anyway. Once you take VC, the goal of the company is never to make the world better or empower their employees. The goal is now solely to make money, by any means it can. The funders will allow you to do that ethically, at first. When you're not making their return as fast as they'd like, which you never will, the ethics go out the window. |
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