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Uber and Airbnb Alumni Fuel Tech’s Next Wave

nytimes.com

21–30 of 168 posts

Re: Uber and Airbnb Alumni Fuel Tech’s Next Wave

#21
post #3

Ah yes, "innovation" in skirting regulations as AirBnb does. Harming local communities and extracting wealth in the name of "tech disruption".

Disrupting and extracting value from NIMBYs would definitely be on my personal “request for startups” list.

NIMBYs seems to be the new slur for "exerting property and voting rights". That's democracy and capitalism.

There's a reason it's not in their backyard. It's their backyard.

Re: Uber and Airbnb Alumni Fuel Tech’s Next Wave

#22

The people who were willing to work for a risky startup with a vast vision are willing to work for another risky startup with a vast vision again. The reverse causation seems like a compelling explanation: innovators built Uber and AirBnB, rather than Uber and AirBnB built innovators (as the title implies).

It's a little of both, and some other factors as well. People joining risky ventures with vast visions all the time, in all kinds of places, you just never hear about the ones that fail. And for the companies that do succeed, especially in SV, there is always a post-hoc founder story told retroactively in order to keep the troops motivated and investor money flowing. If you actually look at FAANG they all started with very focused products with the vision scaling just ahead of their successes to propel hypergrowth for a long period of time. And doing so, btw, takes a lot more than just innovators, it takes an army of people who are mostly focusing on the right things at the right time.

The advantage of ex-Uber, ex-Airbnb folks is not that they are more innovative—it's that they have experience in solving the organizational problems of doubling the size of a company over and over and over again within a very short time frame. If you only get people who are good at making innovative small-scale projects then they'll hit a wall when the organizational challenges of hypergrowth suck all the productivity and alignment out of the team. If you get people who only have experience operating at huge scale they won't be able to prioritize short term goals needed to get and maintain traction.

Re: Uber and Airbnb Alumni Fuel Tech’s Next Wave

#23
post #3

Ah yes, "innovation" in skirting regulations as AirBnb does. Harming local communities and extracting wealth in the name of "tech disruption".

Disrupting and extracting value from NIMBYs would definitely be on my personal “request for startups” list.

TIL a community that votes on their own zoning laws is NIMBY just because you think you have the right to rent a cheap hotel room there.

Re: Uber and Airbnb Alumni Fuel Tech’s Next Wave

#24
post #17

Perfectly encapsulated in this tweet: 18: Go to Harvard or Stanford for CS. 22: Work at FAANG companies. 25: Quit and raise millions for your startup. 26: Sell your company to a FAANG company/IPO 28: Join a VC firm, invest in people like you, and make predictions on Twitter all day. https://twitter.com/TheLexTimes/status/1105131411411886081

I don't get it. Should highly capable people not pursue a lucrative career path?

People can do whatever they want, but if they're truly "highly capable" maybe they should try something a little more challenging than following the herd?

I hold no ill will against all of these people getting rich this way. Let's just not pretend like they're innovators, though.

Re: Uber and Airbnb Alumni Fuel Tech’s Next Wave

#25

The people who were willing to work for a risky startup with a vast vision are willing to work for another risky startup with a vast vision again. The reverse causation seems like a compelling explanation: innovators built Uber and AirBnB, rather than Uber and AirBnB built innovators (as the title implies).

What exactly does "risk" mean in this situation: former employees of a successful unicorn, presumably armed with their payouts, start new companies with the backing of a VC fund, also started by former employees of the successful unicorn?

Re: Uber and Airbnb Alumni Fuel Tech’s Next Wave

#28
post #17

Perfectly encapsulated in this tweet: 18: Go to Harvard or Stanford for CS. 22: Work at FAANG companies. 25: Quit and raise millions for your startup. 26: Sell your company to a FAANG company/IPO 28: Join a VC firm, invest in people like you, and make predictions on Twitter all day. https://twitter.com/TheLexTimes/status/1105131411411886081

I don't get it. Should highly capable people not pursue a lucrative career path?

I think the tweet is implying that 99% of the "leaders" and "brilliant successes" in our "creative, innovative, disruptive" industry are in fact a coterie of not-very-remarkable, yet very-privileged, 30-somethings whose achievements rest on a combination of luck and having made the most soulless and conformist career decisions available.

Re: Uber and Airbnb Alumni Fuel Tech’s Next Wave

#29
post #17

Earlier quoted context omitted.

I don't get it. Should highly capable people not pursue a lucrative career path?

People can do whatever they want, but if they're truly "highly capable" maybe they should try something a little more challenging than following the herd? I hold no ill will against all of these people getting rich this way. Let's just not pretend like they're innovators, though.

I still don't get it. Are the CS programs at Stanford and Harvard not challenging enough? Are Google and Facebook not demanding places to work?

Re: Uber and Airbnb Alumni Fuel Tech’s Next Wave

#30

Earlier quoted context omitted.

I understand this is off topic but does Netflix ever actually acquire startups? They are a very different company to Facebook, Apple, Amazon or Google, I feel like they are bundled in mainly to make a cooler acronym.

I don’t get why Microsoft isn’t one of the letters. I get that it needs to be easy to say but still.

Because the acronym comes from stock markets, when FAANG were hot tech stocks. Microsoft already was old and boring at that point, so didn't count.
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