"Very often, an attempt to minimise risk to zero is the biggest risk itself"

Many in the western business community are still hoping they can keep their heads down and continue to benefit from Hong Kong’s unique position in the world.

They are wrong — from a moral as well as a practical perspective.

Hong Kong is now the main battleground in an escalating cold war between China and what is left of the US-led liberal world order. Beijing’s decision to ignore the damage to its global reputation and defy its international treaty obligations under the Sino-British Joint Declaration on Hong Kong shows the Chinese Communist party already believes this.

"The VC funding model is terrible for most open source projects. With a few exceptions, you end up with an acquisition that ends or repurposes the project, or an Open Core project. And a VC-funded Open Core project will end up trying as hard as it can to have everyone need to buy the paid version, since that's clearly the way to optimize revenue and eventually the slippery slope will get you there. I don't blame folks for taking VC; it was easy to get, and there aren't a lot of alternative funding models that can pay the multiple fulltime staff that might be required to create what one wants to create.

I don't think VC funding as it currently exists is consistent with running an open source company according to my values, which is why we're not taking venture funding for Zulip. Obviously, being scrappy, applying for NSF grants, and spending my own money have very real downsides both personally and for our growth, especially when every competitor has VC funding, but it also means that I can ensure Zulip continues existing as a real open source project for the long run."

FT announces need for new corporate agenda: "the model has come under strain, particularly the focus on maximising profits and shareholder value... without change, the prescription risks being far more painful"

"more worried about the serving the master on the stock market and the quarterly earnings report than running a great business"

"if you want to improve society then we need to be able to pursue long-term goals which are beyond profitability"