this post was submitted on 24 Nov 2023
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And then don't ever, ever go public. Once you go public all the greedy people will insist that you install more greedy people.
I think it’s less about going public and moreso about the people that have the ability to get to the head of that line via funds.
Why should Joe Shmoe who’s family fortune is based off mafia and cartel funds get to have say in your company? Just because of the money?
I don’t get it. I’m probably naive to facets of this process - open to hearing/learning more from more informed people
Yes. Becasue it is Joe Shmoe's money that funds the company while it builds the product. Without the money, there is no product.
Going public is a big issue, that is how Joe Shmoe gets his payback. He is the one pushing for the IPO so they can get paid.
Once that happens, the founders lose what little control they had, the control is always with the people that supply the money in the end.
The solution I’m most interested in is eliminating the friction to seed/early stage funding coming directly from interested user communities and even better would be to also draw as much of the labor pool as possible from the same group.
I think this eliminates most of the misalignments in stakeholder interest.
We already have equity crowdfunding in the states. We need more innovation in crowdfunding platforms.