What is success here? The few founders and VC get filthy rich as the larger population dumps their money into Discord stock while the users and teams with limited foresight, who’ve moved their communities to discord, suffer?
I mean yeah I guess that’s the success Cory Doctorow warns us about again and again.
But that’s not my definition of success.
For context I’ve been on the receiving end of an IPO and the founders and investors made out like bandits while a fair number of employees were stuck holding the bags thanks to lock-ins, dilution and over priced shares.
Is it really bitter if IPO is successful? Citron and other cofounders likely setup to get a massive payout when it IPOs.
Humam isn’t someone that will look after the company for many years. He is brought in to cook the books, and get it to an IPO.
What is success here? The few founders and VC get filthy rich as the larger population dumps their money into Discord stock while the users and teams with limited foresight, who’ve moved their communities to discord, suffer?
I mean yeah I guess that’s the success Cory Doctorow warns us about again and again.
But that’s not my definition of success.
For context I’ve been on the receiving end of an IPO and the founders and investors made out like bandits while a fair number of employees were stuck holding the bags thanks to lock-ins, dilution and over priced shares.
Welcome to enshittification.
Citron means lemon in various languages.