eries

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31.
by eries 4mo ago
Academics have spent the last 15 years attempting to measure these effects, and it's just a very hard measurement problem. There are so many confounding variables. I would say the early evidence is supportive of the thesis, broadly spe
32.
by eries 4mo ago
We're certainly seeing a lot of speedup for certain kinds of products, and I expect to see far more. But some of these speedups are dramatically overstated because people are measuring only the time to produce the prototype or the cool
33.
by eries 4mo ago
I understand where you're coming from, and if you read the later chapters of the book especially, you may find the book surprising. I won't say more to avoid spoilers.
34.
by eries 4mo ago
what else could the answer be? I feel like this is almost overdetermined, but we will have to slog through a lot of gyrations as people try to make some other answer fit...
35.
by eries 4mo ago
/salute
36.
by eries 4mo ago
I do make critiques of capitalism in the book, but I try to be very careful when using that word, since at this point most people can't even agree on what the word means. Here are some things that seem to me unequivocally true if we lo
37.
by eries 4mo ago
Those are symptoms. The real question is, what are the deeper causes? I think the book gives a pretty clear and convincing answer, but then again, I wrote it, so you'll have to judge for yourself. Most of all, I want to restore people&
38.
by eries 4mo ago
Thanks for your kind words. Don't let the mercenaries get you down. They're depressing a lot of us, but they're not here to stay. People always want to judge these trends in the middle of a cycle, but during the hype cycle yo
39.
by eries 4mo ago
I am finding this exceptionally difficult, to be honest. It has been nearly impossible (so far) to get traditional media to take the book seriously (there have been a few exceptions). And the perversity of the modern social media algorithms
40.
by eries 4mo ago
The fundamental question is what the people who work at an org are incentivized to maximize for "whatever it takes." Today, by default, orgs are aligned to maximize shareholder value (even at the expense of long-term viability) bu
41.
by eries 4mo ago
Not directly, although many people have pointed me towards his work since the book came out. I look forward to diving in.
42.
by eries 4mo ago
If you've been around the ecosystem long enough, you eventually realize how these cycles go. When startups are seen as trendy and a good/easy way to get rich, you get a lot of this gambling behavior in response. When the crash com
43.
by eries 4mo ago
Not sure I agree with your assessment. From my perspective, it’s actually doing well: appropriately funded, its proposal for companies to optionally move quarterly earnings to semi-annual is supported by the SEC, and it trades the same stoc
44.
by eries 4mo ago
y not both?
45.
by eries 4mo ago
You might be surprised to learn that some of them are, but not if done according to today's so-called "best practices" about how to structure corporations
46.
by eries 4mo ago
I know this is a common belief, yet the data doesn't really support it. There are truly exceptions. If you study how they became exceptional, you'll find that they defy so many of the so-called best practices we teach today about
47.
by eries 4mo ago
Well said on both counts.
48.
by eries 4mo ago
Eager to hear what you think after you've had a chance to read it. Do let me know.
49.
by eries 4mo ago
In some industries, older entrepreneurs have a big advantage over younger entrepreneurs, so it kind of depends on what you've been doing and what you're good at.
50.
by eries 4mo ago
Organizations are organizations in the end, so hopefully you'll find something relevant in the book too.
51.
by eries 4mo ago
Thank you. I can't believe it's been this long.
52.
by eries 4mo ago
I've talked about this in a couple of recent interviews, and if you can't find one, I'll try to find you the link. This question about what it's like when you're in a platform war and the platforms are like these ma
53.
by eries 4mo ago
But should they want to game the system? Do you want to game the system? If the answer is no, maybe you have some interest in learning how to build a company that would be able to resist that temptation in the future.
54.
by eries 4mo ago
Definitely, AI makes certain kinds of MVPs a lot easier to produce, so that's great. Unfortunately, some people are being encouraged to outsource their own thinking to the AI. For them, it doesn't seem to make the learning any fas
55.
by eries 4mo ago
Totally fair. I'll pass it along to the team.
56.
by eries 4mo ago
What a great metaphor. If I had known about it, I probably would have used it in the book.
57.
by eries 4mo ago
I'm not sure I understand what you mean by "what" I would not think that LLMs would make very good leadership decisions, mostly because they're too malleable and too easy to manipulate. I do think they're very helpf
58.
by eries 4mo ago
That sounds very similar to the Alibaba Employee Voting Trust (EVT). That's one of many, many structures that I cover in the book. I would say, in general, one of the reasons that people have a hard time thinking through these structur
59.
by eries 4mo ago
I cover that specifically about Google in the book rather than summarizing the whole thing here. I'll just say that if you read the essays of people that worked at Google for a long time (and then left), you will see some pretty remark
60.
by eries 4mo ago
Just look at the evidence. Investor holding periods are going down, and there's less and less correlation between value creation and stock price movements.

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