My guess, which is just a guess, is that the founders got tired of Google Search and advertising and Android and mobile hardware and privacy issues and regulatory issues so much that the “don’t be evil” motto was glaring at their faces and made them uncomfortable enough to step aside and let others run the show (or run things into the ground). This must have allowed them to enjoy their riches in relative peace.
Sometimes the things you create grow way beyond your capacity to handle and become soul crushing endeavors that bear little resemblance to the early years of adventure, fulfillment and satisfaction in serving others, and the wise thing to do would be to step aside and preserve your sanity and peace of mind.
My company failed in the back-wash of the "dot-bomb" (we were not strictly a dot-com play - but close enough that we got caught in the back-wash), and while I would have preferred IPOing (not really possible in early 2000) or M&A (actually, similar reasons), I got really DEPRESSED!. Now, I was just the founder, not the CEO, but the journey from garage to supremacy (if you even make it) is a ride, maaan!
I always found the garage loneliness that you find people lamenting on HackerNews to be a lot more bearable than 10 shareholders and 250 employees and (in our case) 20 global enterprise customers. I am certainly not sure that I have it in me to attempt again. Psychologically, I mean.
Yes, that's was exactly the point made by Notch after the Microsoft acquisition of Minecraft isn't? Only that in a lower (not that low) grade... It has to be soul crushing having almost infinite money and not being able to "fix" your brain or buy time...
I entered into parenthood with similar trepidation, but my fears turned out to be unjustified. It definitely means having different experiences, but it's waaaay more fun than I thought it would be.
There is nothing from evolutionary point of view more important than having children. It would be highly unusual if nature didn't make that experience overall speaking as one of best things in life.
And yet, all the studies of people with children show that they make you less happy, while they are around, although more happy later in later, presumably once they have moved out. Years of relief built up I guess (just kidding, more likely the benefits of having an extended close family when you are older).
Speaking for myself, I know that I would hate to have my freedom taken away by having children. I also know that my sister, who has a four year old and a one year old, has been miserable and exhausted for much of the last four years.
I'm curious about these studies, how they measure happiness, and the possible confounding factors. I was really happy before kid (singular), and I'm still really happy. Happier, I think, then I would have been otherwise? I don't really know how to measure that.
As a not-yet-made-it startup guy it definitely feels like playing on "expert mode". But with a supportive partner and some careful life choices, it feels pretty good. It helps that my cofounder has a kid almost the same age as mine, and we've been going through this together.
Moral framings like this are pointless. That's a scenario that's never going to happen, so why worry about it? Instead, we have a real question to ask:
Which of these would you choose?
A. Have children and be less happy, more stressed, and have less money and less free time for your a ~25 year stretch somewhere between ages 20 and 60.
B. Don't have children, be less happy, poorer, much busier, and more stressed during those years, but potentially more happy in your old age.
The point is the realization that happiness is not the most essential thing in thing. My hypothetical is meant to be similar to the choice between two futures, one, where you have one more loved one and maybe less happiness, and the other where you have one fewer loved one and maybe more happiness - i.e the choice to have a child or not.
Happiness is a kind of short term thing. Life has better things to offer in my view.
Being a parent with two small kids in a foreign country and no family support (plus, you know, the usual global pandemic), it has definitely been the worse experience of my life.
My wife doesn't work, money is not a problem but the lack of sleep and freedom to do a lot of things is hard to swallow.
Nature plays a big role in it: I really felt like having kids (which surprised me) and I sure will do everything I can to protect them, but my life is a constant fight with depression.
There is probably the opposite mechanism at play: having invested years of pain in them, you value your kids the more time passes.
I'm sure things will improve once they're 4-5 and they're a bit better behaved / we can start sleeping again / we can start having some time for ourselves as well.
This sounds like a just-so story. Just as likely they are running sensitive projects inside of Google that interface with the government. I am far more likely to believe that than a billionaire simply enjoying their money for its epicurean aspects. Attaining a billion dollars requires the will-to-power. That's not something that goes away.
This means that it's tougher to be running such a company at this stage. All initial fairy tale is over. Now every day the company will be scrutinized by someone, be it shareholders, customers or even your own employees. There is now less room for error hence less room to be bold and take chances.
Sometimes the things you create grow way beyond your capacity to handle and become soul crushing endeavors that bear little resemblance to the early years of adventure, fulfillment and satisfaction in serving others, and the wise thing to do would be to step aside and preserve your sanity and peace of mind.