Sam Parr  ⚪️

No VCs: Whats good for society, provides living wages for a useful gig, and gives my investors reasonable returns/growth?

Don’t Uber, Facebook, Google, Snapchat, etc. all satisfy those conditions? They provide a valuable service, pay their engineers/staff really well and gave decent returns back

You’re kidding, right? Classifying employees as contractors is the antithesis of providing a living wage. The company isn’t profitable; the economics dont work until they raise prices and/or cut out the drivers.

Ok take Uber out for simplicity. Fb, google, amazon, etc. still satisfy those conditions

Companies that have behaved irresponsibly and in anti-competitive fashion in order to satisfy insatiable growth demands.

Their pros outweigh the cons. Internet would be a lot worse without them

Millions of small businesses have been created and thrive because of google fb and amazon. Do they mess up sometimes? Yup. But they created shareholder value and opportunists for the small guys that never existed.

I don’t disagree. But I also know there’s plenty of room in the margins, esp given tax realities, to pay warehouse workers a living wage and convert contractors to employees. Founders and leadership would love to do do; VC and markets demand otherwise.