š just the same one I brought up previously, which is that being for-profit probably provides a massive fitness benefit in the Darwinian world of business. I have some theories about what that fitness advantage isāI favor the advantages brought by the opportunity to raise startup capital by offering early investors potential outsized rewardsābut the truth is I donāt know, because Iāve never run a business, and Iāve never been part of a massively growing business. Have you?
Elsewhere, you say āThe only thing keeping such firms from thriving and offering a huge multiplier opportunity is that we havenāt created an environment of public awareness of the opportunity.ā I am afraid that this is not so self-evident to me as it is to you. The only credible way to prove this point is to go out and do it, until then, it makes sense to presume a fitness advantage for companies doing things the traditional way.
Currently many successful firms exist where large ownership stakes are separate from involvement in management.
Sure, incentives derived from high equity by founders/āearly employees is a factor in some contexts, like startups. It isnāt clear that PFGs couldnāt offer similar incentives, for instance by offering high money buyout provisions.
You refer to an ostensibly indispensable āfitness advantageā without considering that it isnāt present in existing firms and similar incentives couldnāt be replicated in a PFG context.
š just the same one I brought up previously, which is that being for-profit probably provides a massive fitness benefit in the Darwinian world of business. I have some theories about what that fitness advantage isāI favor the advantages brought by the opportunity to raise startup capital by offering early investors potential outsized rewardsābut the truth is I donāt know, because Iāve never run a business, and Iāve never been part of a massively growing business. Have you?
Elsewhere, you say āThe only thing keeping such firms from thriving and offering a huge multiplier opportunity is that we havenāt created an environment of public awareness of the opportunity.ā I am afraid that this is not so self-evident to me as it is to you. The only credible way to prove this point is to go out and do it, until then, it makes sense to presume a fitness advantage for companies doing things the traditional way.
Currently many successful firms exist where large ownership stakes are separate from involvement in management.
Sure, incentives derived from high equity by founders/āearly employees is a factor in some contexts, like startups. It isnāt clear that PFGs couldnāt offer similar incentives, for instance by offering high money buyout provisions.
You refer to an ostensibly indispensable āfitness advantageā without considering that it isnāt present in existing firms and similar incentives couldnāt be replicated in a PFG context.