Lots of people assume that the valuable thing is the direct business, but a business can be a lot more than that. A competitor may buy you for your engineers or sales team or patents, or assets, or whatever (e.g. Siri, Motorola, etc)... and just toss the rest of the business or sell that stuff off after they have what they want. In other industries they may just buy companies for their assets. Also you never know what will happen with a pivot (e.g. twitter, slack, etc).
The bleak reality is if you can keep growing (making more money than you spend) that alone is usually desirable enough for people to keep giving you money and eventually provide an exit. Why? because it's really hard to do. Its a skill.
No, this is 100% battle tested. I can't drop numbers but we just did a study at work comparing referrals to non-referrals... its night and day. Referrals are out performing across the board. the only problem is that eventually you run out of referrals
Yes. Figure out who your top performers are ask them for referrals. Some people will recommend "meh" people, but more often than not your top performers hang out with other top performers because they appreciate the same things.
Eric, really interested in how you pick the things you work on. I'm a really big fan of the concept of the Long Term Stock Exchange, but projects like that seem to me at times like paddling a canoe upstream using a spoon.
Whats your criteria? Is there an analytical component? Are you willing to work on something even if "success" is unlikely? And with all of this going on how do you have time to work on books!
thank you for your work by the way. It continues to be useful year after year to me and people around me!
Correct. We actually don't play "football" properly as a street sport either though... its typically a flag style football (two hand touch, etc) but the main sports are (generally separated by season during school) football, hockey/basketball, baseball.
The comments here are wild. Uh the answer is football/basketball/baseball. We send our best athletes into football, basketball, and baseball. They don't play soccer. I would argue its more shocking that we are as good we are considering the talent pool.
Yes, Code Monkey jobs are gone... I can assure you though that there are plenty of hard problems that reduce human suffering which still need humans to solve them.
Stuff like that is risk tolerance... its not strictly codified and its more akin to probability. Different companies at different stages, in different industries will all interpret their risk differently... how will a smarter model improve that?
I don't really see that many ads to be honest. I'm not on social media (except HN), I use Adblock, plus I just don't consume a lot of the media that the general population does.
I totally understand what the article is about though... I went on to my wife's instagram and her ad load is unbelievable. She probably has to look at 1 ad for ever 3 reels or images or whatever the hell they call them. I couldn't imagine having to see that many ads.
Last quick note - part of the reason why I avoid that kind of media, and use the tech to block it. I had a professor in college who pointed out that the purpose of ads is not to sell something, its actually to make you unhappy.
My Dad used to cover a territory in the Northeast where he was on the road for up to 2 weeks at a time. Sometimes we'd see him just long enough for him to grab a haircut and remember everyone's names in the right order. Everyday he showed up to work he needed to be in a full suit and tie. Everyone did. If those suits weren't in good shape, and you weren't on time they were probably picking a different guy for promotion.
The expectation for him was to work 50-60 hours a week, not including commute, getting ready for work, and corporate social events. Time off was strictly 2 weeks until you hit a certain level and then you'd get 3 weeks. He didn't get sick often but if he was he still went to work.
Dad had it good. I used to jump on landscaping crews during the summer in SoCal and watch 60 year old guys break their backs for 12 hours to get ~$250 a day. I'd do it on the weekends for spending money.
I enjoyed the article but reading through all of the comments in this thread I'm genuinely surprised by the lack of appreciation for how good we have it. There's a "demographic" on HN and I'm pretty confident it aint the guys doing concrete work or running vampire hours at the local 7-11.
Moving around some 1s and 0s in between some coffee and meetings even at the bad companies isn't that rough in the grand scheme of things. I get what the article is trying to say - with all the productivity improvements when do the grunts get a little bit of those gains back?Unfortunately thats not how it works. It's "Red Queen Theory"... when something new changes the game you adapt or die - "It takes all the running you can do, to keep in the same place."
Lots of people assume that the valuable thing is the direct business, but a business can be a lot more than that. A competitor may buy you for your engineers or sales team or patents, or assets, or whatever (e.g. Siri, Motorola, etc)... and just toss the rest of the business or sell that stuff off after they have what they want. In other industries they may just buy companies for their assets. Also you never know what will happen with a pivot (e.g. twitter, slack, etc).
The bleak reality is if you can keep growing (making more money than you spend) that alone is usually desirable enough for people to keep giving you money and eventually provide an exit. Why? because it's really hard to do. Its a skill.