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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 Feb 17

      Aral Balkan Retweeted Fred Destin

      Take offence, Fred, that’s your right. I take offence at a model where the reward is based on the sale of the business. If you care about the things you mention, don’t use VC because the moment you exit you lose control. Stop making disposable businesses. There are other models.https://twitter.com/fdestin/status/964801841216262146 …

      Aral Balkan added,

      Fred Destin @fdestin
      Replying to @aral
      I take offense with making this so generic Aral. Some of us really care about building sustainable companies with reasonable margins and societal responsibility. And the money we make also funds research, foundations etc.
      1 reply 1 retweet 17 likes
    2. Fred Destin‏ @fdestin Feb 17
      Replying to @aral

      Well I’d definitely rather invest out of an infinite horizon pool of capital with no pressure to return cash. And I’m a fan of some of the commune models still found in eg the Basque Country. But short of that VC is a relatively efficient model of patient capital.

      1 reply 0 retweets 1 like
    3. Fred Destin‏ @fdestin Feb 17
      Replying to @fdestin @aral

      But this is a good discussion. Profit motives usually end up destroying the original dream or damaging the mission. Return maximisation drives errant behaviour and corrodes purpose. I can virtue signal all I want but at some I pass the baton to someone else 🙃

      1 reply 1 retweet 8 likes
      Aral Balkan‏ @aral Feb 17
      Replying to @fdestin

      And that’s the tragedy of it, Fred. So you do see that. And it’s not an “if” but a “when”. Imagine what we could achieve if all that care, time, and energy was being expanded on top of solid foundations. If the things we built did just what they said on the tin and nothing more.

      3:14 AM - 17 Feb 2018
      • 2 Likes
      • David Fogel Fred Destin
      1 reply 0 retweets 2 likes
        1. Fred Destin‏ @fdestin Feb 17
          Replying to @aral

          Yeah man I totally get you and think about this often. Always the question of whether you can do good work inside “the system”. We also need way more antitrust and regulation to protect the individual.

          0 replies 0 retweets 4 likes
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