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by joecot 1112 days ago
That's the thing. A privately owned company can keep its morals if it has them, because the owners don't answer to anyone else. But as soon as a company accepts Venture Capital funding, or goes public, morals go out the window. The original owners no longer have control, and can't decide what the goal of the company is anymore. The goal is now to make money in whatever method is possible.

Remember this whenever you see founders say that they didn't betray their original agreements. They betrayed those agreements as soon as they accepted VC funding or public trading, because that's when they agreed to lose control of the direction of the company.