> there’s a disturbing trend developing of people deciding to found a company simply to get rich
I understand what the author is getting at. But the purpose of a business is to make money. What's wrong with starting a company to get rich? My suspicion is that the author means something more along the lines of "There are too many people starting companies simply to make a quick buck."
All things considered though, I agree. There are simply too many people in the Valley chasing huge valuations and quick exits and not enough building sustainable companies.
I don't see it as something morally wrong. I think the point is more that you're less likely to succeed if you're just doing it because you see other start-ups getting rich. So you start a company just to start a company, instead of having an actually good idea that you're passionate about.
I understand what the author is getting at. But the purpose of a business is to make money. What's wrong with starting a company to get rich? My suspicion is that the author means something more along the lines of "There are too many people starting companies simply to make a quick buck."
All things considered though, I agree. There are simply too many people in the Valley chasing huge valuations and quick exits and not enough building sustainable companies.