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Пишет Journal de Chaource ([info]lj_chaource)
@ 2018-12-30 21:45:00


Previous Entry  Add to memories!  Tell a Friend!  Next Entry
The profit motive
https://avc.com/2018/12/the-profit-motive/

Yet another reminder that most IT / tech startups are not profitable and are not trying to be. They are just trying to generate "momentum" and exit.

So maybe this is why many IT / tech startup CEOs are politically on the delusional far left, although one would expect them to be more realistic. They are not actually running any businesses! These CEOs are operating in a permanent "startup mode", i.e. running scam schemes to pump money away from rich venture capitalists, hoping somehow for a big win in the end -- or for being purchased by a Microsoft or an IBM.

These CEOs can be politically on the far left because they are not thinking like business owners; they do not feel responsibility to deliver value to any customers, or to grow or shrink the business according to the demands of the market. (What products did you purchase from Facebook or Twitter in the last 5 years?) They are not driven by the profit motive, and they are largely free from the constraints of a real-life business.

The internet startup culture is not a culture of business; it is a culture of non-profit government-sponsored work and wishful-thinking-driven PR. Virtue signaling, pursuits of phony "social responsibility", and morally righteous Twitter hashtags -- all fit perfectly within that modus operandi.


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