[candybar]

I mean this is true in that large organizations are internally wasteful - a lot of people are just there to shuffle resources around and a lot of the decisions are bad, entire teams are working on worthless projects, etc.

But what people forget is that small organizations are also quite wasteful, it's just that some of this waste is only visible at a higher level. For example, most startups, just like many internal teams at large organizations, are building things that no one will use. So while your work might be less wasteful from the standpoint of the company, this is offset by the fact that your entire company might be a complete waste.

Likewise, middle managers vying for resources and funding useless projects are surely wasteful and hurt the bottom line, but this is no different from mediocre VCs becoming good at convincing wealthy clients and other money managers that they are good at investing, then doing a poor job of actually allocating that capital.