There’s lots of money out there looking for founders to invest in, and those founders need teams, and when those teams are successful, new companies grow, creating new jobs.
Those investors tend to invest specifically in locations near themselves. That’s a big part of the centralizing dynamic I’m trying to explain.
And the winners get bought out
It’s easier to get bought out when you’re located closer to the buyer. And mergers often lead to the purchased company moving.
Even if most CEOs are very dumb (and I still don’t think that’s likely to be true),
Rather than saying US executives are “dumb” I’d say that they’re specialized in things that society doesn’t want them specialized in, like playing political games with other executives. Also, my experience is that “normal” people are far more impressed by MBA-speak and MBAs than engineer-speak and engineers.
effort to plug into a larger conversation
You mean...longer posts with more links in them? Here? Or what?
you could at least look for what evidence is out in public—beyond just one letter by Bill Gates—and try to make a real case for some of the components of your worldview.
It’s not really possible to do studies on this, so all I could do is point at a bunch of anecdotes, and then readers could still just say that’s cherry-picking. So, people have to estimate base rates from their personal experiences, which are biased but known not to be adversarially picked. Or, readers could assume that what’s reported by journalists/pundits is a consensus and thus more reliable. All I felt that I could do was set up a framework for people who already had evidence from their experiences.
If you are correct, then we all could learn from you, but it is very hard to open myself to updating my worldview very much based on the arguments and evidence you have gathered here.
That’s certainly understandable. At the same time, I kind of have other things to do, such as actually thinking about technology.
Those investors tend to invest specifically in locations near themselves. That’s a big part of the centralizing dynamic I’m trying to explain.
It’s easier to get bought out when you’re located closer to the buyer. And mergers often lead to the purchased company moving.
Rather than saying US executives are “dumb” I’d say that they’re specialized in things that society doesn’t want them specialized in, like playing political games with other executives. Also, my experience is that “normal” people are far more impressed by MBA-speak and MBAs than engineer-speak and engineers.
You mean...longer posts with more links in them? Here? Or what?
It’s not really possible to do studies on this, so all I could do is point at a bunch of anecdotes, and then readers could still just say that’s cherry-picking. So, people have to estimate base rates from their personal experiences, which are biased but known not to be adversarially picked. Or, readers could assume that what’s reported by journalists/pundits is a consensus and thus more reliable. All I felt that I could do was set up a framework for people who already had evidence from their experiences.
That’s certainly understandable. At the same time, I kind of have other things to do, such as actually thinking about technology.