Can a decentralized network be both EVM-compatible and high-performing?
Of course, @taraxa_project does exactly this.
But many people equate the EVM with ETH's consensus, let's explore the difference.
👇🧵
It's often said that the product manager is the CEO of the product.
But I am gonna argue why that is very much wrong.
The two roles are just very different. It's these differences between CEO and PM that make all the difference:
- why Big Tech PMs are often mired in meetings and bureaucracy
- how it can be very difficult to get new 0-1 projects off the ground
- the difficulty of pivoting, moving nimbly, and setting a "war time" cadence -- startups CEOs do this well, PMs cannot
- why product teams inside Big Tech often end up risk-averse, making tiny changes rather than big shots
Here are many of the root causes:
1) A CEO has total ownership of their team -- from hiring to firing, whereas a PM has to lead by influence, with their key team members (usually eng) reporting up the chain to someone else. The startup CEO can fire/offboard anyone who's wrong for the journey, and handpick just the right folks
2) Big Tech management and planning cycles are too frequent -- your project can get canceled every 6 months, and your manager usually wants a 1:1 weekly/biweekly, yet you can't make big decisions quickly
3) Yearly perf cycles and frequent 1:1s make you want to hit incremental milestones often. You'd rather ship high-likelihood, low-impact projects, than low-likelihood, very big impact projects. Startups and new products are in the latter
4) Startups often ride new waves that emerge each year -- it's AI now, in prior years it was web3 or mobile or UGC. Big Tech PMs have to make the case to ride the wave, and usually are late rather than early
5) The entire Big Tech cadence is set to one speed, built on an annual planning cycle. You can't declare wartime, 0-1, and just go hard at a new goal. This means you are often slow.
6) The highly incremental, small win / high probability OKR culture that has permeated Big Tech means that you're always trying to increase a big number by +5% rather than trying to get small numbers to grow by 5x or 10x. It's hard to get excited about launching at a college campus and growing by +1000 users when your core product has millions
7) The strategy tax -- how every Big Tech product must interlink with others -- slows everything down. A Big Tech company can't just build a great new product, you have to pitch how it connects with your incumbent product suite to get an unfair advantage. Startup CEOs can just turn up the tempo and go fast
8) Theoretically a Big Tech product team should have Big Tech advantages on engineering resources, budgets, and user acquisition. Yet oftentimes, these advantages take forever to negotiate with other teams, aren't actually available since everyone's diverted to a more critical core project, or it requires a senior executive to unlock them
9) The best startup CEO is often badass enough to raise capital to get their company funded, diehard enough to eschew other jobs/options, and dedicating 150% of their life to their work. The PM they are sometimes competing with is often much less motivated, so there's adverse selection in talent.
It's for these reasons why startup CEOs often have huge advantages in being able to build/launch their products quickly while PMs get stuck. Of course you want to tell PMs they are the CEO -- giving them a high degree of ownership and responsibility will help empower and drive them. Yet I argue the roles are starkly different due to the level of control, resources, and moral authority compared to that of a startup CEO.
There's lots more to say here -- are there other thoughts/ideas you'd add to this list?
People struggle to get the life they want because they look down on the simple, plain, "boring" things.
They can't eat the same nutritious meals every day, they can't stick to the same tough workouts for many years, they can't commit to their investments, or their spouse, or their goals, they can't sit down and read a book, or learn a foreign language, or self-reflect and work out their problems, they prefer to outsource their thinking, they trust (then blame) the government, the media, the "experts," they take no responsibility for where they are in life, because that's so much easier to believe that nothing is your fault.
Mistakes occur if we allow System 1 to process a cognitive decision while we should have really passed this decision over to our slow logical System 2.
(4/5)
We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett Shear and OAI's new leadership team and working with them. And we’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team. We look forward to moving quickly to provide them with the resources needed for their success.
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