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by ben_w
11 days ago
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> It very frequently feels like management is making strategic decisions after snorting a long line of social-media-psychosis and TED talks. It is remarkable that investors have any faith in such founders/entrepreneurs at all. My guess is the causality is usually* the managers are pursuing things because their investors (/government ministries) hinted it was the future after snorting a line of "TED talks" and "social-media". Irony is, I really do mean "hinted", it can be a sycophantic/fawning relationship where those with the power don't even realise what's going on. One place I interviewed at ages ago now, before the current AI boom, the CTO and I were talking about what they were doing with AI: a bunch of if-else statements forming a manually-built decision tree. But they had to say "AI" to keep interest high. * this clearly wasn't the case with Zuckerberg's pivot to anything given his ownership structure and piles of cash, so The Metaverse is entirely his fault; Musk, despite the ownership structure, clearly ran out of investor's money or he wouldn't have taken SpaceX public, so his pivots may still have been as I posit. |
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