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by skippyboxedhero
1429 days ago
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The business of Zoox was an IPO. Engineering is a prop. This was taken to the logical conclusion with some EV IPOs, which had no business activity at all outside of an IPO. I think part of the problem is that most people in tech are monomaniacs in a multi-disciplinary world. They don't have a good general understanding of what business is, so they make odd generalisations from their own experience (which is usually very narrow) psychoanalyzing people they don't know (anyone who makes such a statement is usually telling you more about themselves than other people). In tech, most "business people" are bad because they aren't actually running a business but a bureaucracy that has captured a business, and needs to expropriate as much value as possible. The problem is caused by the same narrowness in thought that led to the generalization about 95% of whatever. It is fairly simple to understand in business terms: these companies are taking money, setting it on fire, and employees are making out like bandits. But this isn't what a business does. The purpose of a business is to deploy and return capital on behalf of shareholders. Again, this requires a multidisciplinary understanding of the world. The world would be a far better place (and we wouldn't be about to go through this next phase) if we had more business people in tech, sadly there are almost none (even running companies, most tech CEOs wouldn't make it past middle management in any other company...their knowledge is just too limited). |
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If you think this is limited to tech, you're outing yourself as not having much experience outside of tech. The whole world runs on Rules for Rulers, Ponzi schemes, and confidence games.