this post was submitted on 30 Jan 2024
224 points (97.1% liked)

Technology

59123 readers
2308 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
224
Raspberry Pi is planning a London IPO, but its CEO expects “no change” in focus (arstechnica.com)
submitted 9 months ago by [email protected] to c/[email protected]
82 comments fedilink hide all child comments
 

The business arm of Raspberry Pi is preparing to make an initial public offering (IPO) in London. CEO Eben Upton tells Ars that should the IPO happen, it will let Raspberry Pi's not-for-profit side expand by "at least a factor of 2X." And while it's "an understandable thing" that Raspberry Pi enthusiasts could be concerned, "while I'm involved in running the thing, I don't expect people to see any change in how we do things."

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 9 months ago

It's not that quality and profit are mutually exclusive - look at valve, Wegmans... Fuck the list of well known companies I can think of off the top of my head is pretty short.

But you can be plenty profitable and produce quality products, with ethical business practices no less.

Exponential growth is what's incompatible with quality. And taking the money is what sets you on the path - when you take investments, you're trapped. Eventually, you're going to have to IPO, and every step of the way they'll be pushing you to take more investments, more loans, reinvest it in growth... Because if you explode overnight they'll make 100 or 1000x their investment, and if not you can sell off your future to look good for your IPO, and they'll still make a ton of money.

And if you fail? Well, venture capitalism is the scratch off of investments... It's high risk high reward, one big winner makes up for all the losers - a modest win barely competes with far safer investments