> My north star for Foursquare’s culture (2010s) was always, “We want people to look back and think, ‘That was the best job I ever had because those were the best people I ever worked with’.” And I hear from ex-Foursquare people over and over again that we absolutely nailed this.
Reminds me of what we've been hearing recently from the mathematics community: that if AI completely overtakes their field, it's still about doing math with your fellow humans (just like how people still massively enjoy chess despite AI's dominance over that game).
More and more, technocapital progress reveals the social and communitarian heart of our soul.
> "It’s okay to fall in love with the company you’re building, but don’t deny yourself the ability to get closure and move on just because the company itself hasn’t yet experienced an exit or ending."
This note at the end feels like something many founders might grapple with at one point or another, especially if it's not a rocketship or clearly going to become one.
It’s going to be a more common occurrence. If you’re buying a company in distress, you don’t really care about the common shareholders. You pay the employees you want to keep via guarantees.
This is especially true when you can use AI to code an almost good enough competitor for cheap.
> My north star for Foursquare’s culture (2010s) was always, “We want people to look back and think, ‘That was the best job I ever had because those were the best people I ever worked with’.” And I hear from ex-Foursquare people over and over again that we absolutely nailed this.
Reminds me of what we've been hearing recently from the mathematics community: that if AI completely overtakes their field, it's still about doing math with your fellow humans (just like how people still massively enjoy chess despite AI's dominance over that game).
More and more, technocapital progress reveals the social and communitarian heart of our soul.
> "It’s okay to fall in love with the company you’re building, but don’t deny yourself the ability to get closure and move on just because the company itself hasn’t yet experienced an exit or ending."
This note at the end feels like something many founders might grapple with at one point or another, especially if it's not a rocketship or clearly going to become one.
so they raised ~400M and it went to zero? seems nuts
It’s going to be a more common occurrence. If you’re buying a company in distress, you don’t really care about the common shareholders. You pay the employees you want to keep via guarantees.
This is especially true when you can use AI to code an almost good enough competitor for cheap.