There are lots of successful startups that came within a programmer's salary of running out of money. Airbnb did.
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Many Silicon Valley companies outsource product development to Bangalore! To solve this.
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Many non-tech entrepreneurs work with failed tech entrepreneurs in India to solve this problem.
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If value margin is that thin that business not worth building anyway
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That is so wrong. There are plenty of startups where the evolutionary bottleneck is less than a programmer's salary wide. E.g Airbnb.
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it is so much more wrong to claim paying one more engineering salary leads to a higher failure rate, irresponsible to followers
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Early days, any salary may increase failure rate. Irresponsible to ignore that how you spend $ may affect startup outcome.
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Startup is capital deployment, yes
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Would love to see the data. I suspect certain kinds of startups harder for them to imagine what is possible.
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My analogy is if you want to make great music but don't excel in an instrument or singing. You might still pull it off, but much harder.
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and getting people together for band practice without paying them is even harder when you aren't a big musical contributor yourself.
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True to some extent. Successful music bands have been formed by record producers. Can't generalize startup success with founder's tech skill
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IMO tech founder or not mediocrity plays a big role in failure rates. And of course luck plays a big role :)
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Disagree. That's a trivial cost. The much larger reason is they can't articulate their vision in a language that their developers can action
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That ignores the amount of iteration and design required to get stuff off the group. No amount of 'articulation' will let you skip that.
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I think their technical ignorance is more costly.
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Likewise they are not bound by "what is technically possible"
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Neither are the tech folks, they can validate the chance of making a vision happen more realistically. Still plenty of value for non techies
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True, only with contrast do markings on a page become visible and maybe create meaning. Collaboration rather than competition...
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Totally agree although I do not think that was the intention of
@paulg original remark.
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