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by OhMeadhbh 925 days ago
About Baker's salary, turns out there's a section about it on her Wikipedia page: https://en.wikipedia.org/wiki/Mitchell_Baker#Netscape_Commun... .

The relevant quote is "I learned that my pay was about an 80% discount to market. Meaning that competitive roles elsewhere were paying about 5 times as much. That's too big a discount to ask people and their families to commit to."

In other words, there's an assumption every corporation is required to have a CEO/Lawyer from the Technorati class who acts as a drain on the finances of the corporation, why should Mozilla be any different? Since the Mozilla Foundation is not a widely held corporation (and is a 501c3) there are only a few institutional directors ( from https://www.mozilla.org/en-US/about/leadership/#boards ): Baker (AOL), Chambers (McKinsey), Cooper (Walmart), Lakhani (MIT/Harvard), Lisbonne (Stanford GSB), Molotsi (Intuit) and Lund.

If you think Baker's pay should be cut, Lakhani is probably the person to talk to, he's chair of the compensation committee.

After watching VCs from the 70s to the current time (yes, I'm that old) I have a theory about tech startups. Their primary concern is to pump money from old school monied interests to old school monied interests' children. So if you have cash you want to give to your kids more or less tax free (or tax reduced), you send them to Stanford or MIT, then you arrange a meeting for them w/ your old school chum who's now a VC in San Jose or Palo Alto. You give the VC cash which is treated as an investment by the IRS, and then the VC gives the money to whatever bizarre tech startup is being run by their old school chum's kids. If you're lucky, you get a return on your investment and you pay whatever capital gains tax you need to pay (which is most often taxed at a rate considerably below that for earned income.) Your kids get a decent salary for a few years, and if they're lucky and smart, they git bought out by a big firm that makes them a VP or something. The VC should be lucky enough over time to make enough money on the 10% of deals that make it to acquisition to pay for the 90% that fail completely or get acquired on bad terms.

Mozilla always seemed to me to demonstrate this also works for non-profits.

Also... the story of "using money to transfer generational wealth in the upper class" is clearly not a universal. There are clearly startups that are innovative. They may be helmed by a handsome 20-something from Stanford, but that's just an historical accident. I am sure YOUR startup is in this category. But the "using VC investment as a money laundering scheme to evade generational tax" happens often enough my inner marxian shouts every time I drive down El Camino in Palo Alto.

And this part is purely opinion. I appreciate you probably have a different opinion and absolutely do not think less of you for having a unique perspective:

And besides, the goal of tech money is now just to keep the party going. The web is shit, intended to distribute content from major content producers or to be festooned with ads (twitch and youtube). iProducts are there to look sleek and provide just enough functionality to convince you to buy another iProduct. Though you're probably not in the target demographic anymore since China and India are at the beginning of the growth curve. Protocols and programs we used to use: SMTP/IMAP/eMail, (S)FTP/File Transfer, Veronica/Archie/WAIS/Search, etc. are pretty much dead or owned by Google, Microsoft or Yahoo's corpse.

I think the reason olds are nostalgic for Commodore 64's, Atari 800's and even TI 99/4A's (and that there are a few kids who like leenucks and BSD) is they're systems that could operate without being attached to the dystopian cyberspace Carmen Hermosillo described in Pandora's Vox. The only "infrastructure" I needed for my 99/4 was a power outlet and a factory somewhere cranking out cassette tapes, 5.25" floppies and ribbons for my MX-80.

</opinion>

But I have digressed. If the resolution is that Mozilla has lost it's way, I would argue for the affirmative. Or rather argue it was sort of set up to fail. And heck, I didn't even once mention the management fiasco that was Boot to Gecko.