alt Hacker NewsI like Gaben's take on going public. This is a clip from a longer talk he gave which I think is really insightful into many aspects of the economics of software and company culture.
I like Gaben's take on going public. This is a clip from a longer talk he gave which I think is really insightful into many aspects of the economics of software and company culture.
It's a great discussion, but not one that I think applies to AI startups. Valve's business model takes the traditional path where profit is generated by selling a product and growing from there. Modern Startups now take large sums of upfront funding, trading them for equity to hopefully reach profitability. Going public becomes a pressure from investors to recoup their cost, not a strategic move based on business needs. An unfortunate reality