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On the Internet, you're either growing or dying.

Do we have even a single example of an Internet company that has been constant and consistently profitable over 10 years?

Tarsnap, maybe?

There are plenty of such sites. You don't hear about them in the Web Dev/Startup bubble because they're just getting on with life and their business model, not open-sourcing the latest JavaScript framework du jour.

Craigslist.

Okay, that's fair, even if it's not what I intended.

That probably counts as "constant" because they saturated the market completely.

I was more interested in companies that were something like "$25 million per year for the last 10-15 years and we're doing just fine thanks."

Basecamp

Who seem to have recently had a meltdown and compensation seems to be part of it.

Yeah, a meltdown in the Twitter virtue signaling bubble.

Sorry, people with mortgages and children don't quit jobs due to "signaling".

They only quit jobs when they've got the alternative lined up. And they change jobs because the compensation doesn't outweigh the crap.

When a big chunk of your company suddenly walks, that's either high crap or low compensation. And it's been ongoing because they've had time to plan their exit as a group.

The "signaling" just gave them a nice excuse.

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