Raspberry Pi is planning a London IPO, but its CEO expects “no change” in focus - eviltoast
Eben Upton says hobbyists remain "incredibly important" while he's involved.

The business arm of Raspberry Pi is preparing to make an initial public offering (IPO) in London. CEO Eben Upton tells Ars that should the IPO happen, it will let Raspberry Pi’s not-for-profit side expand by “at least a factor of 2X.” And while it’s “an understandable thing” that Raspberry Pi enthusiasts could be concerned, “while I’m involved in running the thing, I don’t expect people to see any change in how we do things.”

  • theneverfox@pawb.socialEnglish
    3·
    10 months ago

    It’s not that quality and profit are mutually exclusive - look at valve, Wegmans… Fuck the list of well known companies I can think of off the top of my head is pretty short.

    But you can be plenty profitable and produce quality products, with ethical business practices no less.

    Exponential growth is what’s incompatible with quality. And taking the money is what sets you on the path - when you take investments, you’re trapped. Eventually, you’re going to have to IPO, and every step of the way they’ll be pushing you to take more investments, more loans, reinvest it in growth… Because if you explode overnight they’ll make 100 or 1000x their investment, and if not you can sell off your future to look good for your IPO, and they’ll still make a ton of money.

    And if you fail? Well, venture capitalism is the scratch off of investments… It’s high risk high reward, one big winner makes up for all the losers - a modest win barely competes with far safer investments