On The End of Entreneurship
Posted: Wed Nov 14, 2012 11:57 pm
Jerry Pournelle's page with mail about something I have concerned about:
http://www.jerrypournelle.com/chaosmanor/?p=10667
Important commnet:
"on the end of entrepreneurship
Being a founder of a startup here in silicon valley, I can comment on Spengler’s essay. In the EDA business (Electronic Design Automation) everyone expects to get bought by one of the large EDA companies. No one expects to go IPO. Why? All of those wonderful laws the democrats passed after the fake energy crisis. Once you pass the small business threshold and enter big business, the cost of doing business goes up prohibitively. Further, the extra burdens placed on IPO’s in the last 10 years, make it much harder to go public. The net result is we all (if we are lucky) join the collective. We get paid for our stock or get new company stock, stay the minimum required time and leave. Those of us with the energy, do it all over again. The unintended consequence is we build bigger and fewer large companies. Just what the democrats like. As Amity Shlaes pointed out in "The Forgotten Man", bigger companies act more like the government and are easier to manipulate. Resistance is futile."
The Spengler column:
http://pjmedia.com/spengler/2012/11/07/ ... our-hands/
the big problem right now is that we need 100 Facebook IPO's a year right now just to make good on the recession and we are not going to get them.
http://www.jerrypournelle.com/chaosmanor/?p=10667
Important commnet:
"on the end of entrepreneurship
Being a founder of a startup here in silicon valley, I can comment on Spengler’s essay. In the EDA business (Electronic Design Automation) everyone expects to get bought by one of the large EDA companies. No one expects to go IPO. Why? All of those wonderful laws the democrats passed after the fake energy crisis. Once you pass the small business threshold and enter big business, the cost of doing business goes up prohibitively. Further, the extra burdens placed on IPO’s in the last 10 years, make it much harder to go public. The net result is we all (if we are lucky) join the collective. We get paid for our stock or get new company stock, stay the minimum required time and leave. Those of us with the energy, do it all over again. The unintended consequence is we build bigger and fewer large companies. Just what the democrats like. As Amity Shlaes pointed out in "The Forgotten Man", bigger companies act more like the government and are easier to manipulate. Resistance is futile."
The Spengler column:
http://pjmedia.com/spengler/2012/11/07/ ... our-hands/
the big problem right now is that we need 100 Facebook IPO's a year right now just to make good on the recession and we are not going to get them.