Because sometimes all they're after is for slideware on GenAI. The people they fired encapsulated a spirit of innovation that doesn't fit the operating model and therefore is of no value to them.
Credit Suisse is a top 50 bank while SVB doesnt even make the top 100.
SVB dissapearing leads to a lack of choice.
Credit Suisse may pose a genuine global systemic risk.
Ironic that the author calls PMs "not very smart at making product decisions" while the author is not smart enough to understand the role of sales or product.
Also, innovation is not an end in itself. The question is do, PMs add value?
The author is right that the founder is the best product manager and should only handover to a dedicated PM once the business is ready to scale.
Comparing what happened to FTX to a tiny leak in a gas tank due to a money saving measure by von Braun to balance the budget of the Apollo 11 mission, which results in a catastrophic failure and erroneously puts in question the ambition and mission to visit the moon and quantitative methods employed, is completely asinine.
This underplays what happened. FTX implosion appears to be due to fraud, lack of controls within the organisation and puts in question the judgement of the EA community, VCs, auditors, media.
The lessons to draw are not technical in nature. To continue the author's analogy: Wehrner von Brau as an individuap, construction and inspection procedures, or security culture at Nasa. They are instead fundamental. And would put in question all of NASA, the ecosystem (universities, suppliers), funders like the Congress and the president , and any oversight agencies.
If the what we've learnt so far is confirmed, then a Sequoia investment and its due diligence failed, trust in the EA community is undermined as it is not particularly ethical or rational.
When you research a new product, on what platform is it the review hosted and do the reviewers make a living out of reviews?
I believe that that the line between advertising and reviews are increasingly blurred
Interesting but i wish there was more depth to it.
From the article:
>there remains a vital commercial subsphere in the artworld
The above is offered in opposition to the para-academic side of the art world.
However, that sentence does a lot of heavy lifting. There are well known issues with money laundering in the art world, tax evasion, speculation etc...
Given that the commercial side of art may notbe a proper market, i am not sure that it is vital in the sense of bringing vitality to the art world.
Thinking of a recruiter as a teacher doesn't seem accurate to me. They should not be expected to understand the company well or the role of the software team in the company.
Recruiters are intermediaries whose role it is to save the hiring manager's valuable time. They will focus on the initial scanning of profiles (does this vaguely look like a developer profile?), be responsible for scheduling and maybe salary negotiations as this means you can start a fresh relationship with your hiring manager without the potential tension left over from a salary negotiation.
The exception are executive search professionals who will understand the business model well, but even they would not be able to recommend a book.