Well I’m at least 20 years from retirement. so I’ve got time. I’m looking into several options including coop and ESOP. First 5 years of business was living off savings and raiding retirement funds instead of getting investors. At present I’m aiming for selfish goals of repaying myself and saving for my kids.
There are tech companies who don’t want to sell. I started my tech company 9 years ago and we did almost $5M last year. My plan is to do this for next 20 years and then sell to my employees. Sure there’s a number big enough that I’d sell my company but so far any acquisition offers have been met with snark and disrespect (from me) and died pretty quick. I talk to other tech owners in similar boats. We just don’t need to tell everyone because we aren’t trying to get acquired. One vocal exception is 37 Signals.
I agree. AI could be good for first line of defense specifically for sorting our traumatizing gore and the like.
For normal moderation I think it’s only useful in the same way as spell check. Second set or eyes but human makes the final call.
Profit. Revenue minus expenses. There are some things you wouldn’t expect, like inventory doesn’t count as an expense until you sell them. So frequently profit is actually higher than money in the bank and a lot higher than what owners get paid.
Citizens United was about corporations getting rights of people, not them paying taxes as people. I’m suggesting they should because individual tax rate is higher than corporate.
I make specialty vehicle electronics. My immediate thought was very small and cheap sensors. Similar to tire pressure monitoring but wired with CAN or something similar.