Earlier quoted context omitted.
Gosh - I hope that isn’t a prerequisite to greatness? How does someone even get the human and financial capital to run projects like this? I guess your first attempt with the first founding team has to ‘hit.’ Otherwise, how can you afford to triple headcount, management, etc?
I think this is due to the exponential payoff in a success scenario. Especially in high tech where certain initiatives can have a “winner take all” effect. I find it completely unsurprising that internally the tech giants function like a cluster of startups competing against each other. Capitalism is based on the idea of transplanting the survival of the fittest paradigm into the economy and that’s exactly how I’d ex…
I often hear that about capitalism, but then the caricatural opposite is the survival of the unfit. It is quite visible when swathes of our economy that are not put on any kind of competitiveness (the DMV) end up dropping standards beyond bottom.
We need a balance in between, and we are living in this balance: We are not on either extreme side of this spectrum, the reality is more mild than all-or-nothing, and the non-fittest can still work for a less performing company and be happy with their life. It is just the temptation of big corporations with big incentives that makes some engineers too eager to work for a bad company.