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> "I also never seen an eng org where substantial part of it didn’t do useless projects that never amount to anything" Bootstrapped companies generally don't d
by dabeeeenster 3y ago
> "I also never seen an eng org where substantial part of it didn’t do useless projects that never amount to anything"
Bootstrapped companies generally don't do this btw. This is a symptom of venture backed companies.
- dilyevsky 3y agoDon't do what? go cloud? Sure they do, they just generally don't get cloud credits so they can get hooked.
- dabeeeenster 3y agoApologies - I edited my comment to clarify context. > I also never seen an eng org where substantial part of it didn’t do useless projects that never amount to anything
- fragmede 3y agothere's nothing about being bootstrapped vs venture backed that lets everyone know, a priori, whether a given project will be successful or not. something like 80% of startups fail within the first two years.
- AlotOfReading 3y agoAbsolutely not my experience. I used to work for a Japanese company that was almost entirely self funded. They wouldn't even go to the bank and get business loans. Your description applies to a substantial number of business units in that company. They also had a "research institute" whose best result in the last decade was an inaccurate linear regression (not a euphemism for ML).
- dabeeeenster 3y agoI think if youre at the size of "business units" youre not "bootstrapping" any more
- touristtam 3y agoYou've never had friend and colleagues working at big (local and international) established companies sharing their experience of projects being canned, and not just repurposed?