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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred Jun 18

      Austen Allred Retweeted Patrick Collison

      There are a few major differences in how China is doing tech that are a little terrifying if you’re a Silicon Valley company that wants to compete (thread)https://twitter.com/patrickc/status/1008699726005325825 …

      Austen Allred added,

      Patrick CollisonVerified account @patrickc
      "All lists of private companies contain degrees of subjectivity and error, but the Wikipedia ranking of unicorn start-ups by value offers a peek into the future. Of the top 50 entries, 26 are Chinese and 16 are American. There are none from Europe." https://www.ft.com/content/3530f178-6e50-11e8-8863-a9bb262c5f53 …
      10 replies 117 retweets 248 likes
      Show this thread
      Austen Allred‏Verified account @AustenAllred Jun 18

      1. They work harder. The standard schedule of a Chinese tech employee is what they call “9-9-6”; 9 AM to 9 PM, 6 days a week If you even joked about requiring 9-9-6 in Silicon Valley you would have people running for the exitshttps://www.wsj.com/articles/long-days-a-staple-at-chinese-tech-firms-1487787775 …

      6:49 AM - 18 Jun 2018
      • 22 Retweets
      • 83 Likes
      • Dan Grover Rahul Ramchandani Antisocial Justice Jordan Kelley Logan Bernard Count. Every. Vote. Derek John S. Wilson Dwight Churchill
      15 replies 22 retweets 83 likes
        1. New conversation
        2. Austen Allred‏Verified account @AustenAllred Jun 18

          2. Regulation is not an issue In the US one of the most likely killers of revolutionary tech startups is regulation. In China the government is often a first investor, first customer, and is the entity that pushes companies forward as much as anything else

          4 replies 9 retweets 60 likes
          Show this thread
        3. Austen Allred‏Verified account @AustenAllred Jun 18

          3. They take a hyper-analytical viewpoint and don’t worry about copying When I was in Beijing we met with the Chinese Airbnb. When they noticed that Airbnb was working they hired 100 people and cranked out feature parity in a few months, and were unashamed of that

          3 replies 6 retweets 54 likes
          Show this thread
        4. Austen Allred‏Verified account @AustenAllred Jun 18

          4. They have a much, much greater supply of STEM workers China has 4x the population but 10x the tech employees. Ordinary software engineers get paid living salaries but not what they get paid in the US.

          1 reply 7 retweets 48 likes
          Show this thread
        5. Austen Allred‏Verified account @AustenAllred Jun 18

          5. There’s a lot of capital with nowhere else to go This is true in the US as well, but in China you not only have practically zero interest but a law that makes it difficult to get money out. Every VC backed company has an investment arm, and multiples are *higher* in China

          1 reply 7 retweets 40 likes
          Show this thread
        6. Austen Allred‏Verified account @AustenAllred Jun 18

          6. They have incredible ecosystems to build into I’ve never seen anything like WeChat. You use it for literally everything, from paying bills to connecting with friends. QR codes are everywhere and actually used, and people expect it

          2 replies 9 retweets 47 likes
          Show this thread
        7. Austen Allred‏Verified account @AustenAllred Jun 18

          7. They don’t fear hardware (or atoms generally) Companies were baffled that SV has such a hard time with hardware. It’s no more difficult in their eyes to ship atoms than bits.

          4 replies 6 retweets 41 likes
          Show this thread
        8. Austen Allred‏Verified account @AustenAllred Jun 18

          Put all those things together with good ol’ regulatory uncertainty, and it’s difficult to imagine any US company winning a Chinese market. Then you remember that the market is bigger there and growing, and it will likely always be the case that their tech scene is bigger

          9 replies 8 retweets 56 likes
          Show this thread
        9. End of conversation
        1. New conversation
        2. Cryptarchist‏ @cryptarchist Jun 18
          Replying to @AustenAllred

          Mexicans work the most hours, Germans the least, and yet somehow Germany is richer.pic.twitter.com/F4IYwquDGI

          1 reply 0 retweets 3 likes
        3. Austen Allred‏Verified account @AustenAllred Jun 18
          Replying to @cryptarchist

          I mean there’s a lot more to wealth than hours worked. But take a country with the right resources and market and *then* have them work harder...

          1 reply 0 retweets 1 like
        4. Cryptarchist‏ @cryptarchist Jun 18
          Replying to @AustenAllred

          That's true, but I don't know whether hours worked is a good measure for how hard people work.

          1 reply 0 retweets 3 likes
        5.  🗜️ Glenn Davidson‏ @glenndavidson Jun 18
          Replying to @cryptarchist @AustenAllred

          Glad someone got the memo 😄 Otherwise we’re back to measuring “productivity” as LOC/day...

          0 replies 0 retweets 2 likes
        6. End of conversation
        1. New conversation
        2. Michael Ajemian‏ @macajemianuts Jun 18
          Replying to @AustenAllred

          They work harder? Than Americans? That's a lie. Silicon Valley is full of foreigners. When it was full of Americans, before we were locked out of the job market? We worked to get things done. However many hours it took.

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred Jun 18
          Replying to @macajemianuts

          Wait how are Americans locked out of the job market? American tech employees work much, much less than 72 hrs/week on average.

          1 reply 0 retweets 0 likes
        4. Michael Ajemian‏ @macajemianuts Jun 18
          Replying to @AustenAllred

          Not interested in debate about USA tech job market. Check Google. Been ongoing for decades. People work. Yes. Long hours. Yes. USA. Yes.

          0 replies 0 retweets 2 likes
        5. End of conversation
        1. Andreas Klinger  ✌️‏Verified account @andreasklinger Jun 18
          Replying to @AustenAllred

          Seems like the same discussion we had with Europe. At the end connected unified middle class market size is the only thing that matters. US 325M vs 82M in Germany China (potential of) 1.3B

          0 replies 0 retweets 7 likes
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        1. Saúl González D.‏ @esaulgd Jun 18
          Replying to @AustenAllred

          This was almost exactly the case for the Japanese in the 80s. Doesn't help much. Productivity declines with overwork.

          0 replies 0 retweets 8 likes
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        1. New conversation
        2. Being Foolish‏ @Silentbuttdedly Jun 18
          Replying to @AustenAllred

          Chinese have a mid day nap from 11 am until 2 pm every work day so please figure that into your calculations (yes they sleep right at there desks)

          1 reply 0 retweets 2 likes
        3. A.C. Estrada‏ @ACEstradaUX Jul 1
          Replying to @Silentbuttdedly @AustenAllred

          So they actually have 6-hour work days. Then I can see them being more productive and effective. Long hours doesn't equal better work.

          0 replies 0 retweets 2 likes
        4. End of conversation
        1. UX.pragmatist‏ @ClayNichols Jun 18
          Replying to @AustenAllred

          Surprised only that it's effective, if they are truly working that hard. Theyr mining Conscious effort at expense of more valuable subconscious effort. As I get older I realize my most effective problem solving is subconscious, when I am NOT thinking about problem.

          0 replies 0 retweets 3 likes
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        1. Roman Kofman‏ @rkofman Jun 18
          Replying to @AustenAllred

          Lol. You think creative work will get *better* with those hours.

          0 replies 0 retweets 4 likes
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