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the_bear | 2 years ago

That's an interesting thought. Any company that raises money from VCs will ultimately either fail or end up publicly traded (via IPO or acquisition), and at that point it's just a matter of time before they start squeezing their users.

I wonder what the ideal time is in a company's arc to start their eventual replacement. Render just raised a series B which probably means they're still many years away from step 3, so it's probably too early. But maybe when they're raising a series C or D, it's time to start thinking about making their replacement.

I feel like Stripe is entering that territory right now. Not that they're worse than alternatives, but they no longer have that "wonderful experience" magic because they've started to turn on the maximize shareholder value engine.

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seagreen|2 years ago

I generally agree with your comment, but isn't there an exception for companies that do well enough early enough to let the founders keep control with supervoting stock? Then the founders can do whatever they want... which might be make short term money but doesn't have to be.