Re:Immigrant entrepreneur creates 9 jobs, get kicked out of US
by Zimahl on Thursday November 03, 2011 @11:41AM
(#3192252)
True, the main goal wasn't necessarily getting acquired, although typically that's what you expect to happen with a lot of tech startups. To get big we would've had to change direction (which wouldn't have been a bad idea).
Whether or not we were to get acquired, it was just tough to find quality employees and the money to pay them until sales went into the black. It took about 3 years to become solvent and even then that did help luring good programmers to Idaho.
Wouldn't be surprising at all if your competitor that was acquired was absorbed or shut down within a year. For the founders - sure, that's success - they had an exit. But how is this necessarily good for the long term economics of those businesses?
The original video story on this talked about all the jobs that 'high tech entrepreneurs' create. But how long do those jobs last? Sure, there's no such thing as a 30 year job for most people any more, but isn't this type of behaviour contributing or accelerating this trend?