Most of this site is me whining about my love life, as I attempt to sort things through. It’s my online journal that — hopefully — keeps me from making the same mistakes over and over.
Quite obviously, it’s the smallest part of my life. The real part of it is work (and adventure).
Today, I am thinking through an article I read related to my industry. The basic focus has to do with fiduciary obligations, but that’s just lawyer speak for loyalty.
How loyal are you to the people who support you?
Without being overly specific about what I do, I am disturbed by a recent trend — or trendlet, as it’s hard to say beyond a couple of examples how widespread — of corporate founders abandoning their investors and employees for their own personal financial gain.
Companies cannot grow and expand without capital. Those who provide capital are taking an enormous risk that they will lose their capital if the company fails. If the company succeeds, the investors are to be rewarded for their risk, their foresight, and for foregoing other safer uses of their money.
I invest in you. You score. We all win.
If only you win through a lucrative new personal deal, I have fewer dollars to invest in the next company or your next project.
As a result, I am rethinking some of how we do things.
I speak around this a lot. I am poor, we know this, but I do have a significant ownership in things, projects, companies. I have the opportunity to make significant money thanks to what I do — especially the drinking cocktails and going to parties part of what I do.
I have invested over the years and I have won and I have lost. But, I have taken care of my investors and I have taken care of my founders.
Capitalism is collaborative. I make what you want to buy, so you buy it, and then I buy other things from other people and so on.
It doesn’t function when executives are only concerned with their own well-being, which is why I keep my projects out of the public markets.
We all function better when we are working together to do the best for everyone. It’s not a zero sum game.