31–40 of 394 posts
He is implying that founders can create a lot of value without employees, and that the claim that employees also create value is false. If that's true, then what about a social experiment: If you are a solo founder, you get all your profits for yourself. But if you have employees, you have to share your profits with your employees. If employees don't produce any value, easy, fire them all, you get everything. But if…
Earlier quoted context omitted.
His whole point is: There is a lot of great free open source software being exploited by small technical teams to run faster. This means the people doing the integration deserve less $$ because they can do the same amount with less. Founders deserve all the money, everybody else should be happy to be employed. 1920s robber baron bs. Ignore the ethics that every single startup would be impossible without standing on t…
Where does he mention open source? And using open source software is not standing on anyone's head.
Earlier quoted context omitted.
Most progress has come from universities, defense and government funding. These losers build an app and proclaim themselves gurus on the future. It's insane that people fall for it.
Progress doesn't come from funding, and funding doesn't come from the government. People make progress. People pay taxes.
So, yeah, automation can take away a lot of pain, and how far you can get really depends on how well you automate specific aspects of your business. My takeaway after several SaaS products is that you have to optimize for minimal customer interaction from the start, otherwise you'll drown in support requests once you hit product-market fit. Stuff like billing, subscription management etc. should be solvable in self-service processes for customers, and if you see a speficic support issue more than 5 times in a given week you should ask yourself if you can automate it away or change the product so it won't happen again.
Earlier quoted context omitted.
Most progress has come from universities, defense and government funding. These losers build an app and proclaim themselves gurus on the future. It's insane that people fall for it.
Progress doesn't come from funding, and funding doesn't come from the government. People make progress. People pay taxes.
I think Keynes said "The worst form of capitalism is in which the public holds all the risk, and the private sector realizes all the rewards".
He is implying that founders can create a lot of value without employees, and that the claim that employees also create value is false. If that's true, then what about a social experiment: If you are a solo founder, you get all your profits for yourself. But if you have employees, you have to share your profits with your employees. If employees don't produce any value, easy, fire them all, you get everything. But if…
Y = A * L^β * K^α
Value of your work depends on how well you wield capital (K) and labor (L).
Code, Cloud and AI have massively improved α while β is at generational lows.
He is implying that founders can create a lot of value without employees, and that the claim that employees also create value is false. If that's true, then what about a social experiment: If you are a solo founder, you get all your profits for yourself. But if you have employees, you have to share your profits with your employees. If employees don't produce any value, easy, fire them all, you get everything. But if…
Paying a wage = sharing your profits, just not on a % base, but a fixed amount. But in the end it's still: less profits for the founder, and more profit for the employee.
Where are the new examples of that kind of startup? 13 employees selling for 1bn USD.