Earlier quoted context omitted.
> They're cutting headcount because they have no conception of how to make a good product, so reducing costs is the only of making the bottom line go up. The field is wide open for a startup to do it right. Why not start one?
Well, either (1) our free market is not healthy and the ability to form new companies that do better is weak and feeble, or (2) the current companies are doing about as well as possibe and it is hard to out compete them. If it's the latter (number 2), then we need to start asking why American companies "doing about as well as possible" are incapable of producing secure and reliable software. Being able to produce sec…
If customers are willing to pay for X, and no companies make X available, you have a great case to make to a venture capitalist.
BTW, in every company I've worked for, the employees thought management was stupid and incompetent. In every company I've run, the employees thought I was stupid and incompetent. Sometimes these people leave and start their own company, and soon discover their employees think they're stupid and incompetent.
It's just a fact of life in any organization.
It's also a fact of life that anyone starting a business learns an awful lot the hard way. Consider Senator George McGovern (D), who said it best:
George McGovern's Mea Culpa
"In retrospect, I wish I had known more about the hazards and difficulties of such a business, especially during a recession of the kind that hit New England just as I was acquiring the inn's 43-year leasehold. I also wish that during the years I was in public office, I had had this firsthand experience about the difficulties business people face every day. That knowledge would have made me a better U.S. senator and a more understanding presidential contender. Today we are much closer to a general acknowledgment that government must encourage business to expand and grow. Bill Clinton, Paul Tsongas, Bob Kerrey and others have, I believe, changed the debate of our party. We intuitively know that to create job opportunities we need entrepreneurs who will risk their capital against an expected payoff. Too often, however, public policy does not consider whether we are choking off those opportunities."
https://www.wsj.com/articles/SB10001424052970203406404578070...