I think the next (current ?) generation is going to question that : values like "durability" and "long term vision" starts to get fashionable again.
The old industries were based on "family businesses" where you would take extreme care before letting someone new have shares of the company, where growing was measured in terms of generations, based on reputation and quality of work, and sustainability. And that gave giants, which lasted for generations.
I think it's getting clearer and clearer that there are alternatives to "pump and IPO" models, and that they may even be preferable for everybody (founders, employees and customers) except VCs who needs quick cash rotation.
Note: maybe what you meant is just "we're talking about VC funded companies, not other types". Still, i think VC will need to take new aspirations into account when looking for next gen companies to fund.
they don’t. it’s not their model. get big or fail is inherent to their model and is what their fund investors want. for long term steady value or other (valid) models the VC customers (LPs) can just invest in index funds.
The entire point of the VC is risk/reward. remove the reward and why would you take on the risk?
We tend to follow patterns and being reminded that there is value in alternatives is precious.
I'm sure many founders think the vc funded startup is the only way to create a cool company as their parents thought that a steady office job was the only way to live a comfortable life.
As it turns out the juicy parts of life are where it's less crowded.
I agree with everything you've said but this. I don't think everyone really fully groks this and hence why comments like the above are helpful.
Young impressionable people don't know there are alternatives when all they hear is "startup, startup, startup" being echo'd out of SV.
PS - it's also frowned upon on HN to say what comments are beneficial/relevant. Just use the arrows next time.