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@jmpreston This is *absolutely* spot on.
5 months, 4 weeks ago on Let’s admit it… Steve Jobs was lucky
@Will Pao I can see that there can be abuses if investors don't have preference shares. I find it odd that investors wouldn't have those prefs. That a system is occasionally abused doesn't make it a bad system: as Sarah points out, acqui-hires are often facilitated by investors themselves.
9 months, 3 weeks ago on The Acqui-hire Scourge: Whatever Happened to Failure in Silicon Valley?
I disagree Sarah. The startup-to-failure-to-acquihire process is the MBA for the digital world, and we all benefit. Participants who aren't Edison-quality entrepreneurs get a chance to test their own limits, and the process will still make them much better future employees than they would have been otherwise. Investors are more likely to make more investments because their risk is reduced. Corporates get teams they would be unlikely to get otherwise - can we really believe that Google's culture would have remained so innovative and vibrant if they had only grown their workforce organically? Entrepreneurs benefit because (a) they aren't plunged into 2 years of crippling personal debt after failure and (b) they don't feel guilty about losing their investors' money.
And, best of all, this story is likely to be sustainable. Google/Apple/Facebook can make so much revenue from the output of a great acquired team that - even if the staff attrition is high - they can still easily justify continuing these acquisitions. This is a wonderful change.
9 months, 4 weeks ago on The Acqui-hire Scourge: Whatever Happened to Failure in Silicon Valley?
I'm not sure I agree. The most important point of a product story is (usually) helping the reader understand the product. Demo videos really help readers do that. So long as they are aren't misleading, they're just a new generation of screenshot. And as a reader I really don't care whether my comprehension came from the journalist's writing or the third-party video.
1 year ago on Why We Don’t Embed Demo Videos (And You Shouldn’t Either)