Earlier quoted context omitted.
Based on multiple previous employers of mine, it seems like software companies start noticeably going downhill about 1.5 years after they go public. Let's check Wikipedia and see how I did: > On 29 November 2021, HashiCorp set terms for its IPO ...I'm starting to think I'm onto something. (I do welcome anecdata that either helps or hurts my hypothesis)
> it seems like software companies start noticeably going downhill about 1.5 years after they go public. I firmly believe this is a fact too. One place I recently worked, I joined as it was going public and it went downhill quickly. The friends I’d made there talked about the fun perks, holidays and benefits the company was known for. Over the space of less than a year most of the culture atrophied, people left in dr…
Quarterly scope for fiscal data is one of the most short-sighted decisions humans have ever done. Expecting quarterly up-and-to-the-right, where simple sustenance is not enough, but profit must grow quarterly, on a planet with finite resources in an economy with finite money, is a guaranteed, zero-exceptions, recipe for failure, by definition.