Archive of UserLand's first discussion group, started October 5, 1998.
Re: Email to Jean-Louis
Author: Hal O'Brien Posted: 7/20/1999; 1:25:08 PM Topic: Email to Jean-Louis Msg #: 8594 (In response to 8589) Prev/Next: 8592 / 8595
"Now you have public stock. That's power."
I know I'm very much in the minority on this, but no, Dave, it ain't.
Equity is debt. Pure and simple.
Which means you give up power when you go public.
I suppose it can be argued that equity is one of the instances where giving up power leads to more... To which I can only point out that many a founder of a company has been canned by shareholders. [shrug]
My own inclination is to say a company should only be taken public when the survival of the company is at stake... But, as I say, I know this is a minority view.
But Jean-Louis will never again control Be the way he once did. Unless he buys it back. (Which should be a hint: if one is genuinely in control, where would the necessity for buying back be, if you see what I mean.)
There are responses to this message:
- Re: Email to Jean-Louis, Dave Winer, 7/20/1999; 2:26:08 PM
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