These are the the top three reasons that companies should stay PRIVATE and never file an IPO.
1) When a Company files an IPO – it trades executive authority for raw capital. That is not a trade worth making. Innovation is stifled, decision making is short term – the founder no longer runs the company.
2) Private companies power the working class zip codes – public companies relocate to expensive zip codes most of the time – which locks people in debt and reinforces their dependency on their paycheck. This paycheck may be higher but for most people not enough to be worth it.
3) Public companies eliminate “handshake” hiring for bloated centralized hiring. It is done in the name of fairness, but all it does is create a class of blacklisted people and a class of job hoppers who jump from public company to public company. A nepotist company closes off only one door to you. The centralized coordinated blackballs by public corporations cut out an entire class of people from their league – not just from one company.
Classical Marxist theory divides society into two main classes – owners and workers.
My opinion is that in the modern economy there is a third class – the professional managerial class.
What the PMC is, is the HR departments and middle managers who do not really provide technical value, but enforce conformity and background screens. They are the people who make it impossible to find a job if you do not fit as an exact cog in the wheel with both political conformity and a pristine background on a corporate conveyor belt starting with your junior year internship in a narrow field of expertise.
My argument is that it is in the interest of BOTH the owners and the workers to liquidate and marginalize the PMC. The best way to do this is to promote privately run companies that avoid listing on the stock market. The PMC gets invited into the office when a company goes public or takes venture capital.
GPA was 4.0. I undertook this endeavor to solidify the the fact that I have all around business skills to go with my tech skills and look forwards to seeing the next chapter.
I should be done at the end of the year and my goal is to get out of programming, but to still have a White Collar job. Programming has too many people who do not understand the art and craft involved and too many managers who do not understand the tech calling shots. Programmers are treated like garbage and the intricacy of what they are doing is not appreciated. So why do so such intricate work, when I can have another white collar job?
For a while I started working blue collar jobs, but it was not a great fit. I am still basically an office person – basically a computer person. However, coding is both obsolete and disrespected.
I’m not just a programmer, I’m also an analyst.
In the days of canned software, it’s not wise to pursue a career where you’re only coding and not also analyzing and interpreting the data.
In small companies programmers tend to also be analysts. I am confident that my analytical skills can continue to be useful to businesses even if I do not write code.