.@naval: “I’m deeply suspicious of groups of people coming to the truth in anything.
It’s not to say groups are bad. Humans are cooperators by nature. We need groups to get things done.
But groups need consensus. A group that does not have consensus will fall apart.
A group will not admit its mistakes. It will not admit that it was wrong. It will not pivot. It’s not a truth-seeking entity.
Individuals can seek truth, and then based on that, they can choose to cooperate with others for limited periods of time to effectuate that truth, or to have something come out of it.
But if you’re really looking for truth, it’s the opposite of looking for social approval.
Truth requires feedback. It requires error correction.”
The way that Jensen Huang runs Nvidia is wild:
40 direct reports, no 1:1s
- Believes that the flattest org is the most empowering one, and that starts with the top layer
- Does not conduct 1:1s - everything happens in a group setting
- Does not give career advice - "None of my management team is coming to me for career advice - they already made it, they're doing great"
No status reports, instead he "stochastically samples the system"
- Doesn't use status updates because he believes they are too refined by the time they get to him. They are not ground truth anymore.
- Instead, anyone in the company can email him their "top five things" with whatever is top of mind, and he will read it
- Estimates he reads 100 of these everyone morning
Everyone has all the context, all the time
- No meetings with just VPs or just Directors - anyone can join and contribute
- "If you have a strategic direction, why tell just one person?"
- "If there is something I don't like, I just say it publicly"
- "I do a lot of reasoning out loud"
No formal planning cycles
- No 5 year plan, no 1 year plan
- Always re-evaluating based on changing business and market conditions (helpful when AI is developing at the pace that it is)
This org is optimized for (1) attracting amazing people, (2) keeping the team as small as it can be, and (3) allowing information to travel as quickly as possible
@royngerng@DPPonline For (ii), I’m thinking of businesses that need to reinvest their profits back to grow, or those that are already on thin margins. I can see the argument that these companies should slowly be eliminated, though steep/sudden increases in minimum wage could cause more harm than good
@royngerng@DPPonline What kind of rate increases would you propose if you were them? Or other measures to fix this issue? They’ve been raising minimum wages and salaries, but the increases can also put a burden on businesses.
@TimDraper@elonmusk@Twitter@thenewslensintl 4/
Taiwan can be its own worst enemy. It takes 2 to 6 months to register a business in Taiwan. But just a day in US or Singapore
"There's still a lot of work to do. The bureaucracy really needs to cut back. They need to just make stuff happen," @TimDraper said in Taipei today.
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@mimitheear I see. The one I had is in Neihu. The bread was great, the fillings generous and the flavors decent. I ordered chicken and pork, and finished both in one setting haha