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How three years at McKinsey shaped my second startup

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Re: How three years at McKinsey shaped my second startup

#2
Author is not consistent. He mentions in 25 cases, the firm hiring McKinsey did not know the answer beforehand. Yet, Leap is based on firms already knowing the answer. The reason McKinsey is hired is to avoid internal conflicts over which manager takes the reigns. I doubt McKinsey is providing solutions to these industries (as in, introducing a product that was not pitched internally by someone already. In fact, in most cases, a manager will pitch the solution and McKinsey's job is purely finding the right managers to leave this internal "startup" to). Should that be the case, I would love to be proven wrong. However, every consultant I had met is no engineer or tech leader. They are merely consultants, restructuring the answers in ways that avoid conflicts within established giants. Most of them are Ivy League graduates that never worked in the technical field (got hired at Bain or McKinsey fresh out of school). Often we would make up stacks to demonstrate how ignorant they can be of technology. Managers and business people love McKinsey. As an engineer, I have not met any tech founder or technical engineer that esteemed the field (just listen to Steve Jobs' opinion on consulting). I attribute the mess that Google is under Sundar to McKinsey (not even mentioning the Opioid crisis where their hands are stained too). The redeeming factor is the author describes them as the enemy and is at least honest about his reasons for joining (stability and established resume name)

Re: How three years at McKinsey shaped my second startup

#3
This reads like a linkedin post and I'm only commenting because I'd like to hear more about the 2nd type of big-org problems he faced that he felt weren't fixable, and why - but instead got a pitch to his new startup, which I guess should've been expected from the title. Just hoped for more substance.

Re: How three years at McKinsey shaped my second startup

#4

Author is not consistent. He mentions in 25 cases, the firm hiring McKinsey did not know the answer beforehand. Yet, Leap is based on firms already knowing the answer. The reason McKinsey is hired is to avoid internal conflicts over which manager takes the reigns. I doubt McKinsey is providing solutions to these industries (as in, introducing a product that was not pitched internally by someone already. In fact, in m…

"As an engineer," you've probably yet to realize "technical cofounder" is p97 a polite way to say "second-class citizen." You get more equity than a "founding engineer," I hope. So there's that.

Re: How three years at McKinsey shaped my second startup

#5
> Our vision at Meanwhile is to build the world's largest life insurer as measured by customer count, annual premiums sold, and total assets under management. We aim to serve a billion people, using digital money to reach policyholders and automation/AI to serve them profitably. We plan to do with 100 people what Allianz and others do with 100,000.

So 3 years at McKinsey taught OP the corporate BS. That paragraph doesn't say anything useful.

Re: How three years at McKinsey shaped my second startup

#6
Article is interesting on the whole (I have no experience with "professional" work, and would love for suggestions as to how to be more familiar), but I latched onto this nugget:

> Our vision at Meanwhile is to build the world's largest life insurer as measured by customer count, annual premiums sold, and total assets under management. We aim to serve a billion people, using digital money to reach policyholders and automation/AI to serve them profitably. We plan to do with 100 people what Allianz and others do with 100,000.

Completely separate from the potential ethical issues and economic implications of putting 100k people out of a job, I see one very concrete moral problem:

that the only way to provide dispute resolution and customer service to 1B people with only 100 employees is by depriving them of any chance to interact with a human, and forcing all interaction with the company to go through AI.

That, to me, is deeply disturbing, and very very difficult to justify.

Re: How three years at McKinsey shaped my second startup

#7

Author is not consistent. He mentions in 25 cases, the firm hiring McKinsey did not know the answer beforehand. Yet, Leap is based on firms already knowing the answer. The reason McKinsey is hired is to avoid internal conflicts over which manager takes the reigns. I doubt McKinsey is providing solutions to these industries (as in, introducing a product that was not pitched internally by someone already. In fact, in m…

"As an engineer," you've probably yet to realize "technical cofounder" is p97 a polite way to say "second-class citizen." You get more equity than a "founding engineer," I hope. So there's that.

Here's a tip to every reader. If your founders or co-founders are not technical (and never have been) and are pitching stacks using buzzwords, run. Equity is worthless if the startup goes under

Re: How three years at McKinsey shaped my second startup

#8
My wife made a McKinsey consultant cry… she hired McKinsey for some internal project. One person on the project was a recent Harvard grad. They were in a meeting going over the deliverables along with the McKinsey partner on the project and in the meeting my wife said something to the effect that their work wasn’t up to McKinsey standards.

The junior guy started crying in the meeting. Like just blubbering. My wife still feels bad for it but still…

Weird thing, instead of firing him McKinsey kept him and stipulated that he can only be in meetings when the partner is present.

Re: How three years at McKinsey shaped my second startup

#9

Article is interesting on the whole (I have no experience with "professional" work, and would love for suggestions as to how to be more familiar), but I latched onto this nugget: > Our vision at Meanwhile is to build the world's largest life insurer as measured by customer count, annual premiums sold, and total assets under management. We aim to serve a billion people, using digital money to reach policyholders and a…

I don't think there an ethical responsibility to worrying about your competitor's labor. That would lead to stagnation and it's own sort of ethical issues.
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