‘Only In It For the Money’ Doesn’t Work Any More

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The NewCo Daily: Today’s Top Stories

Pictures of Money | Flickr

Why do we do this thing called “work,” anyway? Is it just about putting cash in our pockets and food on the table? The narrow, strict-constructionist take of classical economics answers with a resounding “yes!” We work to minimize our pain.

A team at Facebook studying employee engagement there came to a different conclusion: They found that the most powerful motivator for Facebook workers is pride in the company they work for — a pride that encompasses optimism about the firm’s future, belief in its mission, and confidence that it’s making the world better (Fast Company).

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What Snap’s IPO Could Learn From Tolkien

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The NewCo Daily: Today’s Top Stories

Adam Przezdziek | Flickr

You may remember that moment late in The Fellowship of the Ring when hobbit-hero Frodo Baggins arrives at a safe haven in Rivendell, only to realize that his quest has just begun — and he’s got two more books’ (or movies’) worth of perils to surmount. IPOs are kind of like that.

Companies, executives, and investors often feel that going public is the end of a road, and of course it is. But it’s also the on-ramp to a much longer labor for everyone involved. You’ve sold the world on a vision? Great. Now you’d better deliver.

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