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.)
-- Hal
There are responses to this message:
- Re: Email to Jean-Louis, Dave Winer, 7/20/1999; 2:26:08 PM
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