Hacker News Reader

That's what happens when the likely success scenario is selling out to an existing company rather than growing to be a genuinely large and long lived company.

View on HN

There are beef companies and milk companies, depending on the way they plan to use their cash cow.

(Most VC funding is used to quickly produce a beefy market share, and sell it to those who think they can milk it, or to profitably butcher it.)

Trying to get milk out of the kind of cattle one raises for beef is a pretty good analogy for using an IPO to offload a questionable company onto the public.

realy like the cattle analogy, and it can be extended further, Dexter cattle are dual use cattle, and the worlds smallest breed, so increadably popular for small acerages and single family cows, so in a way the type of thing that is terrifying for big operations, as they are not monetisable at scale, but idealy suited to a distributed network that is also a peer to peer economical exchange.

I wish I knew more about cattle to add to the analogy but I do very much appreciate it as is.

Reply on news.ycombinator.com