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Bankers and lawyers jump ship for tech startups

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Re: Bankers and lawyers jump ship for tech startups

#31
post #18
post #15

Greed is a bad motivator to startup. A high profit margin is usually the last thing a customer wants.

You're confusing high-profit margin with high-profit. A company can be high-profit without a high-margin (i.e Supermarkets) or it can be high-margin without high-profits (many fashion labels). Greed is a motivator for high-profits, not necessarily high-margins.

No, sorry to say, but I am not.

Every corporation should be in the business to maximize profits. A high profit margin should normally relate to a higher price which will lead to a less optimal acquisition and retention of customers. A larger customer base provides stability for sustainable growth.

Re: Bankers and lawyers jump ship for tech startups

#32
I don't see anything wrong with plucky, versatile can-do Americans trying their hand in the entrepreneurial world while client-thirsty law firms shrivel and growth-dependent banks chase rainbows in Singapore and Malaysia. I'm sure there are plenty of "Type-A Squares" who I'd rather be working alongside instead of Bilbo the QA Guy with a $300 cache of Thinkgeek crap and a "sudo make me a sandwich" t-shirt.

I also know a number of now-competent technical professionals who got their start on the ground floor of the Bay Area's bubble simply because they could recognize an ethernet cable and mouth the term with a minimal amount of saliva escaping from the convergence of their lips.

Now, if we can figure out what to do with all our skilled auto-industry workers, we'll be set.

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