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"My experience in the software biz tells me that the purpose of a company is to get bought out by a bigger company so the executives make Really Big Bux (and workers bees who've been granted stock options make some bux, too). "

Good idea but I suspect 80% of more of 'start ups' fail. Many of the worker bees work 80-100 hours a week, hoping to cash in later if and when they get bought out. Some take 'shares' in lieu of paychecks.

"The Small Business Administration (SBA) defines a "small" business as one with 500 employees or less. In 2019, the failure rate of startups was around 90%. Research concludes 21.5% of startups fail in the first year, 30% in the second year, 50% in the fifth year, and 70% in their 10th year"

https://www.investopedia.com/articles/personal-finance/04091....

a lot of computer companies (software and hardware) bit the dust along the way from Gateway to NorthStar to Radio Shack. Ever hear of Pascal and Ada and a hundred other programming languages? Forth? Lisp?

As far as 'games'......maybe 1 in 10 work out..... but not many Atari and other game systems around.

You, too, could have bought MSFT when it came out. Same for Apple and Amazon and others....invested your bucks. At one time, MCI sold for under a buck a share. It went to several hundred dollars a share and if you bailed out 10 years later, you'd probably made a million. One secretary back in 1977 took stock instead of a paycheck. She was a millionaire 7 years later.

YEah, the dream of Silicon Valley start ups of all sorts is to make it big, have the venture cap companies bought out with a public offering, and execs and early workers sail off into the sunset with multi-millions.


t.
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