In my experience it's very rare for employees with vested stock to get ripped off in an acquisition. Usually the amounts involved are so small that it would not be worth the bad publicity.

Curiously enough, one of the consequences of the rise of YC-like investors is that it will no longer be so easy to pull the sort of trick you claim Oracle pulled. We get common stock, so you can't screw the common sharedholders without screwing us, which most people would think twice about.

"Guys, the moderators are volunteers, and we have no power over any of Facebook's software (like the ban-bot) or their policies. We just delete spam on the forums, mostly. We do have a way of raising issues to the FB employees, and we have done so. Trouble is, they've been ignoring us (and everyone on the forums too) for weeks or months."

wow, that's pretty sad. and i thought they were only ignoring my problems.

I'm a computer scientist, not a web monkey (FOOTNOTE). I'd say these are not the things all CS students should do before graduating. The field has much more to it.

How about:

1) add or modify a significant feature of a working kernel

2) write a toy programming language

3) program in a programming language with concurrent constructs (e.g., erlang)

4) study some theoretical area, develop a practical application based on the theory

I don't know, these are some things a CS student should aspire to. Setting up a WordPress blog and configuring a basic Apache instance? Yeah, good stuff--but I would in no way attach computer scientist to these activities. It's like calling the Best Buy Geek Squad folks electrical engineers.

(FOOTNOTE let me caveat that I do on occasion, work as a web monkey.)

The 37signals ethos of having an opinion and saying no a lot creates wonderful experiences and products for users who are new to a certain field. For someone who is new to project management, for example, the fancy programs with every feature and option are confusing and scary. Products like Basecamp are beautiful for these users.

As users gain more experience, their needs become slightly more complex. They start to understand the simple product completely, and then they have the cognitive ability to understand more fancy bells 'n' whistles. For users who have been doing project management for a long time with any software product, they will have a long list of things that they know -- from experience! -- that they need.

That is why there's a market for simple and there's a market for full-featured. Both are discrete markets, usually. Obviously every software designer strives for "power made easy" -- it seems easy at first, but there is power under the hood when you need it.