Investors in venture-back companies are purchasing a product. It is critically important to understand that that product is growth. The reason tech is favored as an asset class that it appears to be one of few sources of growth available on the market at the moment at any price.
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The amount of money flowing through capitalism would astound you. The number and variety of firms participating in the economy would astound you. We don't see most of it every day for the same reason abstractions protect us from having to care about metallurgy while programming.
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CS programs have, in the main, not decided that the primary path to becoming a programmer should involve doing material actual programming. There are some exceptions: Waterloo, for example. This is the point where I joke "That's an exhaustive list" but not sure that a joke.
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Technical literacy in the broader population can be approximated with the Thanksgiving test: what sort of questions do you get at Thanksgiving? That's the ambient level of literacy. Serious people in positions of power eat Thanksgiving dinners, too. Guess what they ask at them.
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Salaries in the tech industry are up *a lot* in the last few years, caused by: a tight labor market, collapse of a cartel organized against the interests of workers, increasing returns to scale at AppAmaGooBookSoft, and the like. Investor money *does not* pay most salaries.
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This concludes, for the moment, an off-the-cuff list of things which would otherwise be too obvious to bring up in conversation. Meta thought: you radically underestimate both a) how much you know that other people do not and b) the instrumental benefits to you of publishing it.
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End of conversation
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I love this list overall, but this claim, while perhaps partially true, suggests something that is untrue. Many/most are employed full-time but their OSS work is, if anything, a liability.https://twitter.com/BenLesh/status/936300388906446848 …
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Do you have data for that? There's a lot of personal play around code on GitHub, StackOverflow etc. I suspect most _popular_ open source software it written for the purposes of work for which an individual is being paid, which shows the value of a good itch.
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"Many" might be closer than "most"?
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That's what you call a good incentive model.. An altruistic outcome although no individual acted altruistically.
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