861
A billionaire wrote this letter to Google a year ago. How likely is that Google's layoffs and actions since then are at least partly because of this? (lemmy.world)
submitted 2 years ago by to c/workreform@lemmy.world
202 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] 5 points 2 years ago (1 child)

But then, an R&D organization doesn't have short term profits.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 6 points 2 years ago*

    Correct. R&D only creates future value. Usually in the VC model, R&D is done by individuals or small groups and then funded (bought) by VC to get it to market. So even though the R&D do-er can cash out their future profits for immediate profits, the value of that R&D can't be realized immediately.

    I personally think the VC and legacy models are currently competing, and VC is winning out. As we see here, even large, established companies aren't immune to impinging VCs.

  • permalink
  • fedilink
  • source
  • parent