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Glawen | 1 month ago
Indeed, imagine you're part of the wealthy elite. What you want is to be able to move your cash around the world, chasing cash growth. You also want yourself to be able to travel wherever you wish with your Gulfstream. Why would they care about local midwest job growth ?
Solutions exist, but it's too communist.
elevation|1 month ago
An business mentor of mine bootstrapped a highly profitable enterprise software company, growing it to 400 employees. When it was time to sell/retire, he vetted buyers not just for the money they could offer, but for the impact they would have on his team and community. He accepted an offer from a conservatively-run competitor and proudly told me that 5 years later, 90% of the original staff were still happily employed with the new owner.
These arrangements are simply not an option if you're beholden to VC, or entertain offers from Private Equity. You cannot preserve what you do not own.