Re:Brave lays off 9% of its workforce
by AndrewKemendo on Saturday October 07, 2023 @11:50AM
(#37802706)
History
We know what Mozilla will do with it - not ideal but it's the devil we know
We have no idea what Brave will do with it
My personal heuristics around VC backed companies (Having been a CEO with venture backing, an LP in a venture fund, a director in a publicly traded company etc...) is the following:
There do not exist PE backed companies that will take actions that conflict with an even theoretical reduction in potential ROI.
Leaders lose long term control of their companies to VC the moment they sign the term sheet
So I have zero faith that anyone who aligns themselves to profit making, will not harm either the customers or the employees that are involved in favor for the people providing the capital.
We know what Mozilla will do with it - not ideal but it's the devil we know
We have no idea what Brave will do with it
My personal heuristics around VC backed companies (Having been a CEO with venture backing, an LP in a venture fund, a director in a publicly traded company etc...) is the following:
There do not exist PE backed companies that will take actions that conflict with an even theoretical reduction in potential ROI.
Leaders lose long term control of their companies to VC the moment they sign the term sheet
So I have zero faith that anyone who aligns themselves to profit making, will not harm either the customers or the employees that are involved in favor for the people providing the capital.