I don’t believe there has been any loyalty in corporate America off late. What we are seeing in tech is just heightened sped up version of what has already been happening everywhere. Not to undermine your argument, because my leaders jumping on the ship is absolutely demoralising, but we have seen companies doing layoffs to boost share price despite impressive earnings. Now when you have experienced this / heard it on news, I wonder if other forms of loyalty even cross our minds in seriousness. Though, it’s good to learn how VC ecosystem has evolved in the AI boom, and I certainly hope we bring some semblance of loyalty back to workplace from employers, employees, leadership.
Sharp piece. The Instagram comparison really underscores how much the incentive structure has changed.When all 13 people joined Facebook and founders stayed 6 years that wasnt just goodwill—it was rational given the aligment of interests. Now with acquihires structured as licensing deals the rational move for founders is exactly what we're seeing. The oath died because the economics that supported it dissapeared.
...they'll cut through people in and out, mistrust the very virtue of trust and then spend hundreds of dollars on therapy trying to figure out why have they been feeling so off lately...
Glad someone called this out.
I don’t believe there has been any loyalty in corporate America off late. What we are seeing in tech is just heightened sped up version of what has already been happening everywhere. Not to undermine your argument, because my leaders jumping on the ship is absolutely demoralising, but we have seen companies doing layoffs to boost share price despite impressive earnings. Now when you have experienced this / heard it on news, I wonder if other forms of loyalty even cross our minds in seriousness. Though, it’s good to learn how VC ecosystem has evolved in the AI boom, and I certainly hope we bring some semblance of loyalty back to workplace from employers, employees, leadership.
Sharp piece. The Instagram comparison really underscores how much the incentive structure has changed.When all 13 people joined Facebook and founders stayed 6 years that wasnt just goodwill—it was rational given the aligment of interests. Now with acquihires structured as licensing deals the rational move for founders is exactly what we're seeing. The oath died because the economics that supported it dissapeared.
I refuse to participate in that. Maybe that makes me an outsider. I don’t care.
Acquihire is the new exit
...they'll cut through people in and out, mistrust the very virtue of trust and then spend hundreds of dollars on therapy trying to figure out why have they been feeling so off lately...