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this post was submitted on 01 Sep 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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What finally got me to post this here was somebody on bsky saying "'What is common knowledge in your field but shocks outsiders?'
most tech “businesses” don’t make money. they can’t figure out what people actually will pay for, but they get huge wads of cash to fuck around with until they make something useful or threatening enough that a megacorps buy them" and "i consider working at a startup a negative signal for success in actual business (aka selling things for a profit)"
Which reminded me of this founder mode post. Which also reminded me of how the founder moders have even stranger priorities than the manager moders (Who often also just are too much number must go up). Paul just saying 'we need more bullshit artists' while running a bullshit artist factory is quite something. (Also, that Musk proofread the article is just the cherry on top).
I'm always a little bit torn, because there is definitely a specific skill set involved in running a business, and a lot of those skills should be pretty consistent regardless of what the business does. Like, there is a lot of finance, contracting, negotiation, communication, etc. work that has to be done to go from a theoretical model of a light bulb to experimenting to make a working product that can be mass produced. And there's a specific skillet needed to go from there to replacing all the gas lights in New York City with GE electric lights.
But at the same time, the recent trend to prioritize those skills by rewarding absentee shareholders, venture capital, and "founders" has created a situation where if you have those skills you can get impressively far and do a lot of damage to the overall economy and the lives of your customers and workers, even if those business skills are completely separate from an actual concept of what the business should do. You get all the Edison exploitation and bullshit but with no light bulb.
Yes there certainly is a skill to running a business (some of it applies to all businesses, some skills are business type specific, runnign a research lab is different from running a franchise vs running the company on top of the franchises vs SV style tech companies etc). What makes it sneerable for me is that PG only sees the later as valuable, and then makes up a Rationalist style binary option for managers which is also nebulous as fuck. It is the sparkling elites + hedgehog/fox style thing.
It also feels very post hoc, you have founder mindset if your company is 'successful' (that he picked Airbnb as an example caused me to eyeroll so hard my optic nerve now has a knot in it). The talking about being gaslit now means I have a Gordian optic nerve.
Well, he is a founder of companies like PayPal and Tesla, legally speaking.
Yes but does he have founder spirit?
Sure Andrew Eldritch claims he is not Goth, but he certainly has Goth spirit.