hsk0823
The thing is, the cost of identity theft of consumers to credit reporting companies is less than the cost to actually adopt secure methods to judge one's credit.
Add to the fact that everyone is skimping on the actual USB 3 standards and a large amount of shitty products on the market that don't do what they say they do (due to poor quality control, making wires longer than spec expecting them to work to spec), we have to rely on guys like Benson to crowdsource working and non working products.
This all seems like an inside job and thus even offline backups are at risk if a disgruntled employee wanted to go after it.
Aging fish really comes into play for high end sushi, where the chef is after some chemical reactions can only happen over time, it's not rot, it's more like it had time to rest and develop flavors that it would not have had if it was just straight from the fish right after it was caught.
What worked for you to get to the job isn't necessarily going to work for you to succeed in the job, I agree with others saying that it's not a time management issue, it's a change in perspective that's require, you no longer have the ability to do everything for everyone, you now have to lead people you can trust to fulfill those tasks better than you could, as your responsibilities grow, the rest of your team doesn't stay static, they also grow with you.
Every manager has different ways to lead, every person has different behaviors that make them more or less likely to follow someone who is leading. The whole team needs to work out the right dynamic and be truthful with each other and managers need to be truthful with their employees as well as with themselves.
It may turn out like it often does, great developers who understand the product and project inside out don't automatically make them great managers
Donations are not investments. They're expenses. Investments must have a return of some monetary vale, or else it's an expense.
Of course you can have equity in a non profit. That doesn't mean your entitled to profits that don't exist, it means you have a stake in the organization. And the # of outstanding stocks versus the # of stocks held by the general public is a tiny fraction of what the Packers are worth, but again those silly pieces of paper are not proof of equity or ownership, it's literally memorabilia fans traded cash for a piece of paper that says they own something even though they have no power of ownership, the annual shareholder meeting is for show, so to call it an investment like a traditional stock would be isn't fair, it's really not the same thing.
What you are describing is development office, going out to ask for donations for a cause. That's not the same as running a venture that's going to make profit for shareholders.
You hear from time to time small to mid sized business that are "employees owned and operated" but that doesn't mean every employee has the same equity, the generally ownership will have the largest stake anyway with employees having very little control or equity compared to ownership
What's to stop VC fraud? Generally when you accept VC money, you're giving a board seat to said VC, who is there to yes guide with experience, but is also there to protect their investment.
Community support projects work for Kickstarter or Indiegogo marketing to the general public consumer, that's not the same thing as trying to build a B2B SaaS platform fixing a specific problem marketed at Fortune 500 companies.
VC money is relatively easy money to obtain versus trying to grind for the same amount of capital yourself, but there's certainly a cost to any transaction.
Say you are a founder, you've got a killer idea, you think you can change the world with this idea but you need capital to bring it to life. Say you can demonstrate on a small scale that your idea does work, you have analysis that the market will support your idea, but you need money again to make it a reality. VCs come in, say we'll give you a boat load of cash today, in exchange for a hefty portion of your company, based on an evaluation that we're going to make. They usually take a board seat, and will be a part of your company's leadership, but remember the goal of the VC on the board may not always align with what other board members want for the company, VCs are looking to make the company's evaluation value grow so their investment is worth more than they spent, usually for a set amount of time or some sort of liquidation event occurs, be it acquisition, IPO, or shutting it down.
VCs work within a fund, a set amount of capital to invest, and that fund generally has a timeline, say 10 years, for the fund to end and realize any and all profit and losses and close the fund down. Once a company goes public, the VC can choose to do what they want, including completely selling all the shares they can convert into straight cash, or holding onto it, or devise some other strategy to distribute stocks to it's limited parters (the other groups of capital such as pension funds, college endowments, etc. etc.) for them to do what they wish.
Early/Seed, Mid-Stage, Late stage, these are generally terms to describe where a company is, and sometimes can be seen as part of the VC chain, seed / series A, Series B-C, Series D and above if additional rounds of funding are needed.
There are plenty of companies that exist to purely exist and serve their customers, by the time a company goes public, VCs are generally long gone as their funds have run their course. The VC model is a relatively new investment invention compared to industrial companies of the early 1900s in manufacturing let's say.
The pros and cons of a public vs private company can fill an entire textbook. They're just different models of operating, with different legal ramifications, different things you can and cannot do as a public company versus a private company, as well as access to capital which as a public company comes much easier (sell your share to the public) than it can when you have to pitch private investors.
In the broader economy, VCs play a small part, endowments, pension funds, other investment groups, may as part of their investment strategy partner with various VC and PE firms. But there's there's a diversity of firms that operate VC funds, it's not all just in one company (although one could argue Softbank Vision fund is just that), and each VC and PE firm has their own investment philosophy on how they stay successful.