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You don't need elite Stanford CS PhDs to maintain a 20 year old enterprise payroll processor or network monitoring service. Polish and Ukrainian devs can do tha
by missedthecue 5y ago
You don't need elite Stanford CS PhDs to maintain a 20 year old enterprise payroll processor or network monitoring service. Polish and Ukrainian devs can do that work perfectly well.
Have a small sales team that does just enough work to cover whatever your churn rate is, and your business will print a stable amount of money for a long time. Combine this with acquiring at low multiples, and it's a decent strategy.
Sure, you might not grow your platform at 80% a year, with massive series A, B, C, D, E, and a unicorn IPO, but you don't need to for the strategy to work over the long term.
- caskstrength 5y ago> You don't need elite Stanford CS PhDs to maintain a 20 year old enterprise payroll processor or network monitoring service. Polish and Ukrainian devs can do that work perfectly well. This is most bigoted statement I read on hn recently. What is your work? For some reason I'm quite sure that a lot of Ukrainian or Polish devs can do it "perfectly well" also...
- missedthecue 5y agoI work in customer support. Most of my profession is made up of overseas workers, and they do their jobs as well or better than me. In fact, Polish and Ukrainian devs would be overqualified for what I do. My comment isn't denigrating IT professionals in foreign countries. It's stating that hiring capable, but less credentialed workers is not a losing strategy by default. The parent comment I replied to seemed to assume that replacing domestic employees with foreign employees was the fast track to business ruin. I happen to disagree with that.