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Can confirm. The people at the top in tech are a) primarily driven by personal advancement, b) focus all their attention on getting a promotion (or higher share

by TX81Z 3y ago

Can confirm. The people at the top in tech are a) primarily driven by personal advancement, b) focus all their attention on getting a promotion (or higher share price), c) if user welfare and personal ambition are in conflict personal ambition comes first. It’s just normal humanity stupidity and greed, and these aren’t like head of the class intellects, it’s just boring people who love money and status and get no satisfaction from helping others.

ksec 3y ago
It is not just Tech, but similar in every other industry. Only those industries with cut throat competition would have better leadership ( Because they are forced to compete ). The problem with Tech is that they are the primary beneficial of hyper growth with zero interest rate era and Smartphone revolution. In the space of 10+ years tech have grown from an unthinkable Trillion dollar market cap to now we have a single company with close to 3 trillion, two other company with close to 2 trillion and other rushing to trillion dollar club. And this is unlike previous bubble they have actual profits and balance sheet for their market valuation. People working in tech, especially within BigTech are not only partly dictating the world and media's attention, they are also so out of touch they became aristocracy in the old era.
- deleted 3y ago
  [deleted]
colechristensen 3y ago
I wouldn’t say it’s so much “greed” as business models that don’t actually make money. Take investor money until you’ve gotten as big as you can with billions in valuation while making little to no profit, change business models to try to make yourself actually profitable, and in doing so “ruin” what was only possible while being supported by hopeful patient investors. Thus begins your decline and the gamble for who gets stuck holding the bag.
- berniedurfee 3y ago
  I think that qualifies.
- TX81Z 3y ago
  Yes, but you can flush billions down the drain and if you get a nice title along the way it doesn’t matter in Silicon Valley. A VP who oversaw a billion being set on fire will still be hired as a VP at the next company as long as that money was burned on the tech trend of the moment.
7373737373 3y ago
I wouldn't want to say that "he's at the top in tech", I'd want to reserve that for good programmers, engineers and researchers Maybe more: "he's trying to be at the top in business/value extraction/rent seeking"
- sheikheddy 3y ago
  top of org charts?
  - TX81Z 3y ago
    That’s what I was referring to. What I’d call “top talent” is rarely the same as “top of the org”.

by TX81Z 3y ago

ksec 3y ago

It is not just Tech, but similar in every other industry. Only those industries with cut throat competition would have better leadership ( Because they are forced to compete ). The problem with Tech is that they are the primary beneficial of hyper growth with zero interest rate era and Smartphone revolution. In the space of 10+ years tech have grown from an unthinkable Trillion dollar market cap to now we have a single company with close to 3 trillion, two other company with close to 2 trillion and other rushing to trillion dollar club. And this is unlike previous bubble they have actual profits and balance sheet for their market valuation. People working in tech, especially within BigTech are not only partly dictating the world and media's attention, they are also so out of touch they became aristocracy in the old era.

deleted 3y ago
[deleted]

colechristensen 3y ago

I wouldn’t say it’s so much “greed” as business models that don’t actually make money. Take investor money until you’ve gotten as big as you can with billions in valuation while making little to no profit, change business models to try to make yourself actually profitable, and in doing so “ruin” what was only possible while being supported by hopeful patient investors. Thus begins your decline and the gamble for who gets stuck holding the bag.

berniedurfee 3y ago
I think that qualifies.
TX81Z 3y ago
Yes, but you can flush billions down the drain and if you get a nice title along the way it doesn’t matter in Silicon Valley. A VP who oversaw a billion being set on fire will still be hired as a VP at the next company as long as that money was burned on the tech trend of the moment.

7373737373 3y ago

I wouldn't want to say that "he's at the top in tech", I'd want to reserve that for good programmers, engineers and researchers Maybe more: "he's trying to be at the top in business/value extraction/rent seeking"

sheikheddy 3y ago
top of org charts?
- TX81Z 3y ago
  That’s what I was referring to. What I’d call “top talent” is rarely the same as “top of the org”.