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> If Bell Labs’ scientists invented the transistor, the laser, Unix, information theory, etc, then YC’s “economic research scientists” invented Stripe, AirBnB,
by tehsauce 3y ago
> If Bell Labs’ scientists invented the transistor, the laser, Unix, information theory, etc, then YC’s “economic research scientists” invented Stripe, AirBnB, Instacart, Doordash, Dropbox, Reddit…
This comparison made
me chuckle. It seems to highlight how yc is different from an organization focused on scientific research rather than how it is similar.
- amelius 3y agoThe only principle they follow is: "if you throw a shitton of money at any given problem, you can corner a market!"
- incompatible 3y agoI know which inventions I'd rather have.
- gonzo41 3y agoIt's important to learn the history of Jack Welch at GE. His choices echo through most modern society at the moment.
- shanusmagnus 3y agoCan you say more about this? Why Welch specifically, vs other important execs over time?
- cochne 3y agoI can’t say I know the truth, but the sentiment is that Welch divested from R&D, focused on “financialization” I.e. investing in financial instruments over adding real value, made big short term gains, and doomed the future of the company.
- gonzo41 3y agoGE used to be an R&D heavy company that paid it's employee's well. Welch, proved and popularized the trend of firing large business areas and hollowing out R&D to pump up the quarterly stock price. This was a sugar hit of profitability at the expense of the future.