The opportunity is that not everyone is efficiently allocated and the challenge is that there are *enormous* incentive systems staffed by competent people which already made the easy, consensus allocation decisions.https://twitter.com/david_perell/status/1204977034453291009 …
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I wonder if this is truly a problem, or simply an indication of "these people are best utilized as startup founders".
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Competition between YC and Google for PM-shaped labor is one of those “obvious drivers of last few years of history which are not widely appreciated outside a small community of practice.”
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I have to wonder if the relatively ease of raising cash also distorts the idea of entrepreneurship. VCs know they’ll have lots of losers - talented labor is parsing for that too.
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Corrollary is if a competent dev founds a startup, he/she is at serious risk of underpricing their oppotrunity cost... you should charge yourself consulting rate at least in a spreadsheet and try to justify that
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In an efficient allocation of talent a lot of entrepreneurs would not be allocated any top employee talent no matter what the price point because they are such awful managers and would just destroy any and all productivity
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ABSOLUTELY. It remains surprising how many companies will moan about there being “no good engineers left” after FAANG takes their share, but when you check, they’re offering $X0k lower than the market, no benefits, no stock.
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