It's dishonest to claim that working at e.g. Google is merely targeting ads, not improving the world.
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The fact that making money is not Google's whole focus is part of the reason it makes so much money.
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That is the secret weapon of nearly all big Silicon Valley companies. And it is one I can't imagine Wall Street ever duplicating.
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Actually, this is simply a leading indicator. Every firm, even finance firms, must be Mission Driven in the long run or they don't exist.
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You see, your company is a "Wall Street" company, you manage money for people. But
@ycombinator is still young. -
Yours and
@pmarca's and@firstround's and@foundersfund are innovative approaches in the investment business but we need more cc@cdouvos -
The entire investment world must also be Mission Driven in the long run. "Wall Street" must catch on too. And they will.
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We see signs in companies like
@Aspiration@artivest@Betterment@Wealthfront@FutureAdvisor#Bitcoin@AngelList but we are VERY early. -
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Point is, 'dreaming big' and 'good intentions' are nice, but it is how a company makes money that defines it
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Point is, companies vary in the degree to which how they make money defines them.
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Corollary: ad companies that don't want to improve the world are not likely to thrive.
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They can do ok, but they won't become Google big.
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Not to mention, better targeted ads also make the world better through reducing waste.
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Google’s business model is surveillance + charging ads for access to intellectual property it didn’t create.
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Woo-hoo. Everyone has aspirations. The Cathedrals and the Pyramids were built by aspirations, not by economics.
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I can’t imagine studying or researching without Google.
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GOOG, AMZN, AAPL are all about the data. Control the data and rest is gravy. So they pick a something that "improves the world" (1/2)
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the data is the valuable part (srches, purchase info, music info, all info about what ppl do and want) that has by-product of imprvmnt (2/2)
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ads are dumb
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How do you rationalize this with the addictive time sucking auto play feature on YouTube?
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