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>> They must be doing something right What tech companies did right is found a ridiculously profitable business model. It is not clear that their success is co
by osigurdson 1y ago
>> They must be doing something right
What tech companies did right is found a ridiculously profitable business model. It is not clear that their success is correlated with hiring practices. Likely other hiring practices would have worked fine as well.
>> Literally, all the best tech firms and ibanks do it. They must be doing something right.
Reasoning by first principles isn't exactly the software industry's strong point.
- georgemcbay 1y ago> What tech companies did right is found a ridiculously profitable business model. It is not clear that their success is correlated with hiring practices. Agreed though I'm not sure I'd be as generous as you are when it comes to their business models being that great in absolute terms. Strip away all the confirmation and survivorship bias and IMO it is pretty obvious a lot of the success of tech in general for multiple decades running was almost entirely the result of the free money lottery system funded by zero interest rates.
- 4ndrewl 1y agoIt's always - someone else's money (zirp, middle-eastern sugar daddies, juicy government contracts) - adverts