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> You might think that, if a single person can create or maintain a tool that's worth millions of dollars a year to the company, our competitors would do the sa
by FanaHOVA 5y ago
> You might think that, if a single person can create or maintain a tool that's worth millions of dollars a year to the company, our competitors would do the same thing, just like you might think that if you can ship faster and at a lower cost by hiring a person who knows how to crack a wafer open, our competitors would do that, but they mostly didn't.
He mentions a small chip startup he worked at for these examples, but I couldn't find it anywhere. Did those companies beat out their competitors and win their market?
Seems like his point is that "We did this optimally and competitors didn't even though you'd expect them to", but if that company didn't end up being the best one it's not really proving the overall point
- voxl 5y agoYou miss the point though, as the problem is two-sided. The consumer struggles to find a quality product because they simply don't know how. The producer also struggles to produce a quality product, because it's hard to know what the consumer really wants. The cheat is to sell brand instead, to market quality regardless of if it's actually there. I would argue Apple is an example of a company that started with quality, established brand, and has been coasting off brand for a long while. If buying and selling were a chess game, the ELO of the consumers would be very low, but the producers ELO is not much better, as they just learned a tricky opener and nothing else. Of course the real game is not two player and open information, but this only makes it worse for the consumer, and easier to fall into marketing schemes for the producer.
- deleted 5y ago[deleted]