> VC by default are founder friendly in my experience.
Founders are only one stakeholder. There are employees ( I think they fall into that category ), customers, suppliers, and the wider society.
It all comes back to why does the company exist - and for which stakeholders. I think that's the point the original author is making.
I don't buy the argument that making money in the end is a perfect surrogate for overall good - it's not - it's an imperfect surrogate - and to pretend it is a perfect surrogate is just an excuse to behave like an arsehole.
To make that concrete, let's say you are a chemical company making paints - really important job, paints are needed the cheaper you can make them, the more people can have them etc, but if you knowingly pollute a local river just because you can get away with it and increase your profits - saying that increased profits justifies polluting the river based on the assumption that river pollution is correctly priced ( free ) is an obvious convenient excuse to be a selfish arsehole.
> VC by default are founder friendly in my experience.
Founders are only one stakeholder. There are employees ( I think they fall into that category ), customers, suppliers, and the wider society.
It all comes back to why does the company exist - and for which stakeholders. I think that's the point the original author is making.
I don't buy the argument that making money in the end is a perfect surrogate for overall good - it's not - it's an imperfect surrogate - and to pretend it is a perfect surrogate is just an excuse to behave like an arsehole.
To make that concrete, let's say you are a chemical company making paints - really important job, paints are needed the cheaper you can make them, the more people can have them etc, but if you knowingly pollute a local river just because you can get away with it and increase your profits - saying that increased profits justifies polluting the river based on the assumption that river pollution is correctly priced ( free ) is an obvious convenient excuse to be a selfish arsehole.