Rihard, huge fan of your work and a subscriber to your Substack.
If the frontier models can be fairly easily distilled and the next big trend is cost optimization, do you think the frontier labs are overvalued?
And how do you think about the fact that the biggest investors in the frontier labs are the hyperscalers?
I love your work especially about labor market conditions but this is like saying a company with significant revenue growth should be valued very high even if its cash flow /operating margins are negative and deteriorating rapidly. One needs to look not just at GDP but gov spending relative to tax receipts.
@astupple A simple way to think about this is that it is straightforward to accept that physical pain is a form of suffering. And one does not need to reason to feel physical pain.
@fintechfrank How exactly can one profit from this coming boom in stablecoin adoption? It's not clear that this stablecoin adoption boom will drive BTC, ETH or SOL prices.
If one is an executive or employee at a founder-run company where the founder operates in founder mode, it is worthwhile to ask oneself constantly during the work day: "What would the founder want me to do in this very moment? If the founder were watching over my shoulder, would he or she be happy with what I am focused on and the decisions I am making?"
This mode of thinking aligns the entire company with the founder and results in the entire company running in founder mode. A simple formula for building a giant company: the founder follows his or her own intuition and the entire company follows the intuition of the founder as swiftly and effectively as possible.
The saddest management mistake is when someone hires well, that person then grows very quickly, and the manager fails to adequately re-price that person in role/comp etc.
NEW POST: Sell. Design. Build.
I have come to believe this framework is more important than any other in the pursuit of product market fit.
learned originally from @ararchleff while at Wealthfront, and used by some of the best in the world
link belowπ
People tend to either bring positive energy to people around them at work, or require energy from others to stay positive.
Aside from specific skills, one of the things founders are desperately looking for is people who can help shoulder the positive energy burden with them.
1/ Nvidia's focus on "pain and suffering" as a key part of their philosophy is a stark contrast to the prevailing messaging we hear from most tech companies today.
Jensen cannot stop talking about this. He brings it up over and over again!!
@thogge Naval was former CEO of Angel list. He isnβt intense.
Satya has crushed it at Microsoft. He doesnβt have an intense vibe.
IMO, being right a lot can compensate for intensity.