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by sylware
500 days ago
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Those toxic companies have billions of cash, then backed by the tens of thousands of billions from funds like vanguard and blackrock. This money is sort of "weaponized". If you are not "them", if you stick to the basic "economic rules", you are already gone as you cannot exist. |
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If you make something people want you can sell it. When I started our company 4 years ago I'd have considered $1m ARR a massive achievement. Now I'm here in my heart I feel a need to grow and raise or we'll die - but In my head I don't think this is actually true.
I don't think there has been a time in human history before where a company of our size (30x median wages) could have been built without needing a great deal of capital.
If Microsoft/Google et al want to use Blackrock/Vanguard's money to buy up small companies that creates more incentive for the young and idealistic to start such companies. While economic security is of sufficient value that resisting a first buyout would be hard for most (hence Sergey and Larry trying to sell for $1m) once a first buyout has been achieved a second buyout can never be forced.