On: VC Fund gives money back, says the market for matu...

[paulddraper]

Do you want founders or not want founders?

Because this is why founders are founders.

[dmvdoug → paulddraper]

And corporations only exist for the purpose of making profits for shareholders, you’ll tell me next.

[paulddraper → dmvdoug]

For profit corporations, yes

[dmvdoug → paulddraper]

Whereas I view them as risk distribution vehicles, which society has agreed to treat specially because society has also agreed that they are capable of producing sufficient good for society as a whole (in a variety of forms) that they may be treated specially. If for-profit corporations now only exist solely to make profit, and not to enable a sufficient distribution of risk so that things that actually benefit society can be made and done, then it’s time to reconsider that special treatment.

[paulddraper → dmvdoug]

That may be the reason for the law, but that's not the reason a corporation is created.