Earlier quoted context omitted.
Yeah, isn't the entire point of SF startup culture (for the last decade++) to build personal wealth through a successful exit rather than build a sustainable business that benefits society? It's a big speculative con game... Opposite of sincere. Of course we can warp the semantics and argue that these people are "sincere" in their desire to defraud retail investors or something, but that doesn't seem to be the author…
A successful exit means you've built something so useful that someone else will pay lots of money for it. Sure that gets twisted sometimes when borderline frauds (and actual frauds) sell companies through misrepresentation ... but there is similar fraud whenever and wherever money is involved! Fundamentally, the vast vast majority of founders who exit successfully made society better somehow. But ... it's also true t…
"Useful" is quite the euphemism.
> Fundamentally, the vast vast majority of founders who exit successfully made society better somehow.
This is an extraordinary claim.