11–20 of 133 posts
Nice analogy. Time to move to Dantooine and work on my X-wing startup.
A good read: http://en.wikipedia.org/wiki/Theory_of_the_firm
As transaction costs go down (in general), it makes less sense for us as a society to have production/value creation organized in larger organizations (firms, companies, etc) - instead in a bunch of independent smaller groups.
Companies only exist to minimize transaction costs.
The overfunding is mostly a problem for those larger tech companies, not the little guys.
What Sean left out was -- overfunded for whom? He implied it, but didn't say it: the bigger dogs in the fight (Facebook/Twitter/Google) have to compete for talent like everyone else. The overfunding is mostly a problem for those larger tech companies, not the little guys.
Thank you Sean Parker.
"The problem in his view is that many of the talented engineers and product designers who are now starting their own companies could have a bigger impact at places like Facebook, and they in turn will have a hard time attracting the best talent because those people can get funded to start their own projects as well." Obviously I just read TC's article and didn't see what Parker said, but what's notably missing from t…
The flip-side this creates a better market for younger or less-experienced engineers who are looking to learn and grow. This group of people will never be able to get a job with Facebook, but can certainly join a company who is willing to grow with them.
I don't see what's wrong with larger companies having a hard time attracting talent. A good read: http://en.wikipedia.org/wiki/Theory_of_the_firm As transaction costs go down (in general), it makes less sense for us as a society to have production/value creation organized in larger organizations (firms, companies, etc) - instead in a bunch of independent smaller groups. Companies only exist to minimize transaction co…
How exactly does he expect the internet to consolidate like the PC industry? How can the internet consolidate?
His two points don't seem to have any intersection that I can see.