Hacker News new | ask | show | jobs
by panick21_ 196 days ago
One of the issues with founders is that they get really into one specific idea and sink the company, rather then to switch strategy.
1 comments
idiotsecant 196 days ago
As opposed to shareholders, who ravenously seek to maximize short term profits and sink the company.
link
arcfour 196 days ago
That's why there are no publicly-traded companies more than a decade or two old. Oh, wait...
link
delecti 196 days ago
The comment you replied to was just pointing out that, like how a founder-held company can get stuck pursuing the founder's obsession, a stock market held company can also single-mindedly pursue quarterly gains to the detriment of long-term health.

There are old companies in either model.

link
arcfour 196 days ago
It didn't say can. It stated it rather definitively, which I wanted to point out the absurdity of.
link