I completely agree with the sentiment. If you're an entrepreneur I think you've got a responsibility to your employees who are counting on their paycheck to not screw up. I think where it goes wrong is with entrepreneurs who:
a) Come from a financially privileged background and have never experienced living paycheck to paycheck or losing a job they needed due to a "necessary corporate restructure" or staff cuts.
b) Come from a 'blitz-growth' ideological stance (and VCs) that see new venture as a winner-take-all 'grow big or blowup' world.
These entrepreneurs (and the people backing them) talk about the virtues of teamwork and ethics but it's all secondary to their greed.
If I was an employee I would stay away from such people, the problem is employees have no idea who they're working for until it becomes too late.
The way I see it, employees are paid first and entrepreneurs (and by extension investors) deserve profits because they're paid last.
However, if capitalism is abusive people aren't going to tolerate it and entrepreneurs will find themselves in an ever difficult political environment where taxes will erode the risk premium successful entrepreneurs enjoy.
a) Come from a financially privileged background and have never experienced living paycheck to paycheck or losing a job they needed due to a "necessary corporate restructure" or staff cuts.
b) Come from a 'blitz-growth' ideological stance (and VCs) that see new venture as a winner-take-all 'grow big or blowup' world.
These entrepreneurs (and the people backing them) talk about the virtues of teamwork and ethics but it's all secondary to their greed.
If I was an employee I would stay away from such people, the problem is employees have no idea who they're working for until it becomes too late.
The way I see it, employees are paid first and entrepreneurs (and by extension investors) deserve profits because they're paid last.
However, if capitalism is abusive people aren't going to tolerate it and entrepreneurs will find themselves in an ever difficult political environment where taxes will erode the risk premium successful entrepreneurs enjoy.