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My observation is simply that tech leaders misinterpret rewards from the market in conquering some abstract representation of a facet of a domain with conquerin

My observation is simply that tech leaders misinterpret rewards from the market in conquering some abstract representation of a facet of a domain with conquering the domain itself. Then they become egomaniacal. Did you conquer commercial real-estate ushering in the future of work and society, or did you build a handy scheduling app? Did you have a neat idea for an online community or did you revolutionize human connection?

zug_zug 23d ago
+1 . I think it takes a certain type of mental or emotional deficit to forfeit all of your free time and the majority stake in your company for funding for a tiny shot at hitting a grand-lam. "Not everything needs to be a platform". I remember a 10 person company that did translation dispatch for medical needs in California. And the CEO was insisting we needed to someday "become a platform."
- deleted 23d ago
  [deleted]
- Terr_ 23d ago
  Similar to "needs to be a platform" [0], another variant is "be a data company" where somehow the underpants gnomes will transform your moat of stored information into profit. [0] Read: "Needs to be pitch-able to investors as a magical 1000x growth unicorn."
  - fragmede 23d ago
    it's no longer a theory. google paid millions for spirit airlines' emails and internal messages to be used as training data for their AIs.
    - ambicapter 23d ago
      Google already had the machine, this was just feeding the machine. 99% of companies do not have this machinery in place and probably wouldn't know where to start.
      - Terr_ 23d ago
        Yeah: Spirit Airlines didn't become ultra-awesome with the power of all its "data", it went bankrupt. I'm not sure on how much of the flight/sales/maintenance data is being used, versus simply a big archive of emails and support calls.
      - fragmede 23d ago
        Probably by emailing google, meta, OpenAI, and Anthropocene, saying you have a dataset and asking if they'd be interested.
    - dwaltrip 23d ago
      After they went bankrupt... right?
benleejamin 23d ago
Related: https://en.wikipedia.org/wiki/Map%E2%80%93territory_relation https://en.wikipedia.org/wiki/Map%E2%80%93territory_relation
nxnxnxdd 23d ago
We are the "...whatever gets us $2m seed..." layer for the AI of the future of finance.

zug_zug 23d ago

+1 . I think it takes a certain type of mental or emotional deficit to forfeit all of your free time and the majority stake in your company for funding for a tiny shot at hitting a grand-lam. "Not everything needs to be a platform". I remember a 10 person company that did translation dispatch for medical needs in California. And the CEO was insisting we needed to someday "become a platform."

deleted 23d ago
[deleted]
Terr_ 23d ago
Similar to "needs to be a platform" [0], another variant is "be a data company" where somehow the underpants gnomes will transform your moat of stored information into profit. [0] Read: "Needs to be pitch-able to investors as a magical 1000x growth unicorn."
- fragmede 23d ago
  it's no longer a theory. google paid millions for spirit airlines' emails and internal messages to be used as training data for their AIs.
  - ambicapter 23d ago
    Google already had the machine, this was just feeding the machine. 99% of companies do not have this machinery in place and probably wouldn't know where to start.
    - Terr_ 23d ago
      Yeah: Spirit Airlines didn't become ultra-awesome with the power of all its "data", it went bankrupt. I'm not sure on how much of the flight/sales/maintenance data is being used, versus simply a big archive of emails and support calls.
    - fragmede 23d ago
      Probably by emailing google, meta, OpenAI, and Anthropocene, saying you have a dataset and asking if they'd be interested.
  - dwaltrip 23d ago
    After they went bankrupt... right?

benleejamin 23d ago

Related: https://en.wikipedia.org/wiki/Map%E2%80%93territory_relation https://en.wikipedia.org/wiki/Map%E2%80%93territory_relation

nxnxnxdd 23d ago

We are the "...whatever gets us $2m seed..." layer for the AI of the future of finance.