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this post was submitted on 21 Oct 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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It's not that the money is unaware this kills the business. They know. They don't care because their process is business-agnostic. By design and intent they extract value from the business like it was a capri sun pouch and when line no longer goes up, it's discarded for the next one.
But paying executives in stock options helps "align incentives" or whatever