A journalist asked me what I thought about startups that "muddy" the definition of a technology company (WeWork being the favourite example). I don't care about the definition, I'm mostly just grateful for any company that makes something I want at a price I can afford.
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The definition only matters to late stage investors looking at revenue multipliers in the public markets. They do have a responsibility towards later employees to do that diligently, though the impact is lessened by shift to RSUs from options.
10:22 AM - 12 Feb 2019
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