Kontra,
There is an inherent relationship between a company's core offering,
end user value, and profit. I believe the conversation was using
profit as a measure of success.
If the end game for the investors is merely further investment, yes
they can cash out... but this is pretty similar to a pyramid scheme.
If all that really happens is the final round of investors pay a lot
for company that provides no end user value, then the company would
hardly be considered a success. And we are talking about the success
of the company, not the profiteering of the founders.
Mark
On Sep 23, 2008, at 4:24 AM, Kontra wrote:
You're confusing the distinction between success for the individuals
(founders), and the success of the *business*.
Founders I cited were obviously colorful shorthand for
shareholders, as I
have also specifically mentioned them. In fact, I went further to
make the
point:
"I bet the shareholders of your company (with our without a profitable
business model) wouldn't mind seeing a $4 billion payoff day. It's the
American way."
Perhaps there's a parallel universe where "business" success means
something
other than shareholders in a company getting satisfaction, but I'm not
living in it. Separating "business success" from "shareholder
success" is so
much gobbledygook, I'm afraid.
--
Kontra
http://counternotions.com
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