Filed under: brave new world | Tags: business, Jill Lepore, remorselessness, startups, The Disruption Machine, The New Yorker, venture capital
Is business to do good and do well, follow rules, keep obligations, listen to your conscience, be loyal, have a sense of commonweal, think long term, be thoughtful?
Or is it a terrifying place, with a devastating pace, where people are reckless, ruthless, predatory, and thieving, are remorseless, think only of short term gains, have no regrets, are disruptive? Schumpeter’s gale.
It’s a choice. Don’t believe anyone who says otherwise.
From Jill Lepore, The New Yorker:
The upstarts who work at startups don’t often stay at any one place for very long. (Three out of four startups fail. More than nine out of ten never earn a return.) They work a year here, a few months there—zany hours everywhere. They wear jeans and sneakers and ride scooters and share offices and sprawl on couches like Great Danes. Their coffee machines look like dollhouse-size factories.
They are told that they should be reckless and ruthless. Their investors, if they’re like Josh Linkner, tell them that the world is a terrifying place, moving at a devastating pace. “Today I run a venture capital firm and back the next generation of innovators who are, as I was throughout my earlier career, dead-focused on eating your lunch,” Linkner writes. His job appears to be to convince a generation of people who want to do good and do well to learn, instead, remorselessness. Forget rules, obligations, your conscience, loyalty, a sense of the commonweal. If you start a business and it succeeds, Linkner advises, sell it and take the cash. Don’t look back. Never pause. Disrupt or be disrupted.
The Disruption Machine, Jill Lepore, The New Yorker
Leave a Comment so far
Leave a comment