For their second act, the founders of “Total NewCos” are reaching for far more than a payday.
You had a good idea, and you started a company around it. You hired a strong team, nearly killed yourself for years, and despite numerous failures along the way, you made it work. And now you find yourself at the receiving end of our nation’s most fabled business narrative: Your company has been acquired for a princely sum, and you’re wealthy enough to retire.
After my last post on how you can blame Silicon Valley for Donald Trump, I got a lot of questions as to why productivity is stagnating. Stagnating productivity leads to people being angry with their economic well being and turning to easy sounding solutions spouted by Mr Trump. Silicon Valley is the self proclaimed world capital of innovation, but as of yet none of the Bay Area break throughs is accelerating the sluggish productivity growth.
But why? How is it possible that giving everybody in the world access to all the information in the world doesn’t show up in economic statistics? Here are five theories.
Hello, NewCo Shift readers. Thanks so much for reading. I’d like to share with you some of my favorites on our site right now:
Scott Rosenberg has a terrific piece on The Idea That’s Killing Mission-Driven Companies. If profit isn’t your only goal, congratulations. You’re now at odds with neoliberalism, the economic consensus of the last three decades (Lady Thatcher, above, was a severe proponent). Rosenberg dives deep into this much-cited but little-understood economic philosophy and shows what NewCos can do about it.