seagull
The dynamics around shutting down a company in Silicon Valley today are fascinating. YC and the market forces underlying the VC ecosystem as a whole have pushed things in the "founder-friendly" direction to a degree that's pretty amazing. Seed-stage VCs will tell you they invest in people, not ideas, and as a founder if you go to your investors and tell them that you've decided that your business isn't viable, the default response you're likely to get is "Got any other ideas you want to work on?" I think the list of hard pivot success stories (Slack, Twitter, Soylent, etc) and the general SV ethos of never admitting defeat drive this glorification of the hard pivot as well, but what I don't think gets talked about enough is just how psychologically difficult they are to execute properly. If you have an idea, develop enough conviction about it to quit your job, and spend the next several years of your life throwing everything you have into building a startup around that idea, then end up reaching the conclusion that your hypothesis was wrong, it's incredibly hard to switch gears within a few weeks and reach that same level of conviction about a completely new idea (unless you have Steve Jobs levels of confidence) -- but that seems to be the expected outcome today.
I think Fred Wilson's take on this is the right one: https://www.inc.com/fred-wilson/pivot-business-failure-start... -- failure is the norm when building a startup and we should encourage a culture of failing fast and moving on from it.
A Better Framework for Computed Fields
The rich and powerful already have exponentially more of a voice than the average person -- media corporations are privately owned, after all, and no one is suggesting that we prevent them from making political statements. Banning political advertising is basically saying that people or groups with thousands or millions of dollars to spend shouldn't be able to get their message out -- only billionaires should be able to do that.
How so? Both Lime scooters and electric bikes are supposed to be ridden in bike lanes on the road, although enforcement can be hit-or-miss.
The PAC donations are of course a different story, but honestly the incentives here just puzzle me. The limits on PAC contributions to candidates ($5000) just seem so piddling to a company like Facebook that I don't understand where the ROI comes from, especially after factoring in the negative PR. I doubt a $5000 campaign donation will meaningfully influence my local school board official, let alone a Representative or Senator. The only explanation that makes any sense is that the broad PAC donations are just an expectation for companies before their lobbyists' calls get returned -- an entrance ticket to the Beltway circles. Obviously this is problematic, but in this case Facebook isn't "buying" politicians -- at best it's paying them to be restored to neutral.