There’s nothing surprising here. This is a typical cycle for a venture backed technology business. There’s just nothing else to say here other than this is 100% expected outcome if you decide to build a product on venture capital money, which requires an exit and an increasingly large exit to the point where you IPO. Unless you avoid this structural pathway, you will be 100% guaranteed to do this. I am unaware of a v…
I don’t think any CEO can be moral if your primary obligation is “shareholder value”. Or in plain language: making other people more rich at the cost of others.
I’m just happy the guy got out when the company didn’t align with his values anymore and he has the means to afford himself a conscience.