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aral's profile
Aral Balkan
Aral Balkan
Aral Balkan
@aral

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Aral Balkan

@aral

I mainly post on my blog at https://ar.al  (RSS: https://ar.al/index.xml ) and interact on my Mastodon https://mastodon.ar.al . Please follow me there.

Terra firma
ar.al
Joined December 2006

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    1. Aral Balkan‏ @aral Jun 5

      Venture Capital is poison. Here’s why: When you take VC, the investors invest in the sale of your company. That’s called the exit. That’s when they profit. So either your company fails or it sells (either to the public via an IPO or to another company). There’s no third option.

      12 replies 35 retweets 90 likes
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    2. Aral Balkan‏ @aral Jun 5

      * A few companies might manage to avoid the exit by buying out their investors or due to sheer luck (ask the FastMail folks for their story over a beer sometime) or try to postpone it (see Automattic) but that’s not statistically significant/not how the system’s designed to work.

      3 replies 3 retweets 13 likes
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    3. Aral Balkan‏ @aral Jun 5

      Instead of this shortsighted, greed-driven, Vegas-style system, we can do things sustainably in Europe. Let’s invest not in disposable Startups but in Stayups—companies without equity that cannot sell, where the return is share of revenue/profit. Let’s get rid of exits.

      3 replies 7 retweets 37 likes
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      Aral Balkan‏ @aral Jun 5

      And, if we’re investing the EU taxpayer’s money — if we’re investing from the commons — let’s stipulate that the fruits of that investment must enrich the commons; that the products created are free/open, decentralised, & interoperable. Let’s build ethical tech infrastructure.

      10:33 AM - 5 Jun 2018
      • 10 Retweets
      • 36 Likes
      • James Bryce Clark Pavel A. Samsonov FLATSITTER 🌹 Jake semkirk - Evidence Based💖💜💙🔥🌪🌊🏔🌞🌓✨ Bennett McIntosh 🙃 Kimmo Neihum Andreas Pfeiffer Catalyst One
      4 replies 10 retweets 36 likes
        1. Greg Wild‏ @GregJWild Jun 6
          Replying to @wisemonkeysblog @aral

          Agreed. There's plenty of models beyond ownership by private individuals with lots of capital to throw around. Mutuals, coops, and other forms of non-capitalist ownership really should be on the agenda.

          0 replies 2 retweets 3 likes
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        2. Ari Paul‏Verified account @AriDavidPaul Jun 16
          Replying to @aral

          This would decrease the capital contributed to startups, reduce innovation and economic growth. Capitalism is awful...but less awful the alternatives. No one has yet found a better way to gauge societal value than market price. Passing that power to authorities is bad.

          1 reply 0 retweets 0 likes
        3. Ari Paul‏Verified account @AriDavidPaul Jun 16
          Replying to @AriDavidPaul @aral

          2/ to be clear, market price is a bad estimate of societal value. But it’s less bad than a panel of bureaucrats or legislators that are influenced by the votes or money of special interest groups.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Lukas Eder‏ @lukaseder Jun 16
          Replying to @aral

          The aversion against VC and the demand for taxpayer subsidised, open technology are two completely orthogonal concerns

          0 replies 0 retweets 0 likes
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        1. vakibs‏ @vakibs Jun 5
          Replying to @aral

          You cannot rely on sanity of politics, Aral. Any project that is interesting enough needs to run for a long course of time, I would put it at 20 years. At least, for 10 years. There needs to be assured funding for such a long period of time. It's not sensible to rely on politics.

          0 replies 0 retweets 0 likes
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