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blog.samaltman.com

11–20 of 317 posts

Re: China

#11
> “It’s so stupid that these people play the startup lottery. What idiots. They should just consult.” or “Startups need to stop glorifying young workers that can work all day and night”

No-one quite says that working hard is stupid (well, except the few misguided ones we should all ignore anyway). What people go tsk, tsk, tsk at is working really hard and giving up responsibilities at home, not being with you family, even forgoing the biological imperative to reproduce (or delaying it -- usually not a good idea, again biologically speaking), giving up your mental/physical health for a dream that is realistically very remote, etc.

The other big thing is, alas, it is a lottery. We guide our nephews toward a different direction that has a greater promise of economic security: be a neurosurgeon (and well, even if they don't become neurosurgeons, we hope they'll become at least primary care doctors :)). I mean, What is YC's acceptance rate at this point? Like 10%? And I bet the people applying are more able than other hopeful entrepreneurs who don't happen to apply to YC, so the success rate for the average entrepreneur is pretty bad.

Re: China

#12
Should the goal of the US be to emulate happy, stable, wealthy, smaller economies but arguably more egalitarian northern European democracies?

Or rather, should we chase China in a race to the bottom? Lower corporate taxes, longer working hours, reduced environmental protections, with the goal of creating a fabulously wealthy klepto-capitalist ruling class? How dare people criticize kids burning the candle at both ends to make other people billions of dollars, China is beating us!

Re: China

#13
post #7

> One thing that I’ve found puzzling over the last ten or so years is the anger directed towards people who choose to work hard That feels somewhat disingenuous. If 'sama is referring to the sentiments expressed on this board, from what I've seen, it's not anger towards people choosing to work hard, but anger towards demands of hard work of others from those who stand to benefit at their expense. Ie, the anger is tow…

Certainly working really hard without an expectation of being compensated it (either with equity or cash) is dumb. I've argued a lot that startups should give employees more equity, and I think that's shifting. Also, most startups I'm aware of, at least in the bay area, pay large salaries at this point.

Re: China

#14
> People generally have to buy energy (oil) in our currency, which adds a great deal of support (though we’ve already seen the very beginnings of the PetroYuan).

Can someone explain why using USD as a medium of exchange supports the USD? I can see this effect insofar as central banks will hold a trade-weighted basket of currencies and having more trade in USD will increase that share of the basket. Other than this effect, is there (an) other(s)?

Re: China

#15
From my perspective, Sam's essays have really been improving in quality.

Some of his early ones felt like they were searching for a voice and/or trying to force the essay before it was fully incubated.

This one feels like a breakthrough. Well written, interesting premise, explores the topic in a meandering but targeted way.

Re: China

#16
"whether or not it’s possible for one country to remain as powerful as another with four times as many people"

I don't understand why one country whether it's the US, china or otherwise has to dominate the world.Assuming that shitty tradeoffs are made to get there, I wish there was a world country of some sort that dominated in the near future. Otherwise it seems to me like there are going to be many sony like episodes that just do more harm than good.

Re: China

#17
Speaking from personal experience, the atmosphere in the U.S. is a lot better than in China, in terms of the recognition of importance and respect to science and technology fields as well as scientists and engineers. I feel an implicit discrimination towards engineers in Chinese culture in the sense that "you are regarded successful if you hold a management position and live a (perceived) decent lifestyle, but not if you get your hands dirty, tinkering around stuff and being managed." when I worked in China. In Chinese college, the "elite majors" including cooperation and government management usually have the highest bar of admission.

Re: China

#19
post #11

> “It’s so stupid that these people play the startup lottery. What idiots. They should just consult.” or “Startups need to stop glorifying young workers that can work all day and night” No-one quite says that working hard is stupid (well, except the few misguided ones we should all ignore anyway). What people go tsk, tsk, tsk at is working really hard and giving up responsibilities at home, not being with you family,…

Calling it a lottery is silly. I know some people who would have close to a 100% chance of getting into YC if they applied. I know other people who would have close to a 0% chance.

It's not random.

Re: China

#20
This post isn't particularly well thought out or argued, but special mention must go to footnote [2] for being self serving nonsense. While those complainers do exist and are wrong about some aspects of the situation they are quite right to criticise the exploitative start up ecosystem.
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