nowherebeen

I think a lot of big corp employees look down at startups because it’s a huge gamble. They get paid less and have unstable careers. And so they confuse it for ability. Personally, I think those that work at startups learn to be more adaptive and gain more valuable skills outside of bureaucracy.

Honestly sounds kind of like my job. Corporate executives suggesting nonsensical solutions to technical problems they created and insisting they are right. You just need to let them think they won and work around them to get things done. You learn this after a few years working corporate. No point butting heads with people in power. They won’t back down because they will look silly to everyone else in the meeting. They always have to be right to save their own face.

> The de-emphasis of subscriptions means that there are fewer superstars, and fewer parasocial relationships. This, in turn, has kept creators from getting too powerful or quite as invested

What would be the motivation for being a creator then?

It makes a lot of sense. Solar panels are getting affordable now. I see so many houses built hot climates that always makes me wonder how much energy these houses can harvest if all of them had solar panels on them.

This is the side that no one talks about. No one seems to ever question it and just regurgitates the story investors tell them.

There really should be a law against this kind of deceitful marketing.

It’s so prevalent that if you don’t play this game, you are going to be questioned. This is why I don’t trust titles anymore.

Recycling as well. Most stuff like plastic can’t be easily recycled so they just ship it to China. It’s just cheaper to ship it offshore to be someone else’s problem.

This is a piece [1] 60 minutes Australia did, but all Western countries are doing the same thing.

[1]https://youtu.be/lqrlEsPoyJk

I wonder if your argument could be made for Facebook vs Metaverse. One made it easier to connect with others, the other is a desperate move to save the business.

That would be motivating for me. It’s validation that your idea isn’t bad. If someone is else independently thought of it, then there must be reason for it.

First-to-market is overvalued. You want others to make mistakes so you can draft behind them and take over.

Even Amazon had competitors when it started. Although it was the first online bookstore, they were competing with physical bookstores. Same for Google, Netflix, and Facebook.

Agree. For the record, I do think he is going to jail. The facts are probably there, I think the part that will be challenging is proving intent. Did he intentionally funnel money to his trading firm. Once they build a strong enough case, they will go after him.

> Then you are a bad judge of emotion.

Having knee jerk reactions doesn't show me you have control of your emotions. It's a sign of toxic personality and difficulty working with others.

Agree :)

> Nobody is saying the FTX saga will be concluded in 1-2 years

As per the original comment:

> how SBF won't go to jail because of American corruption--I'll see you back here in a year or two.

Going to jail implies he will be found guilty and it will be concluded. If SBF is only indicted, he is still innocent until proven guilty.

> That's an apples to oranges comparison.

Would like to know more about this. I am not saying he won’t go to jail, but why would prosecutors be faster in indicting SBF?

Lastly, I am caught off guard by how emotional you seem about wanting to demonstrate how efficient the US legal system is. I am not saying it isn’t, but 1-2 years to conclude (again per original comment) seems quick for any legal system.

It took 7 years, from 2015 to 2022, to convict the Therano founders. What makes you think it will be concluded in 1-2 years?

Update: Fixed the year (15 instead of 14)

1. Move to another city and leave my current one

2. Start settling down and find a life partner

3. Work on my side project and figure out if there is a chance

4. Figure out the next part of my life

Crypto startups are only a symptom, the problem is much deeper with startups in general. Tons of non-crypto startups don’t generate a profit. They have all been burning VC money and this was okay because they were able to offload the shares to the public. The party is now over and we are going to start seeing lots of startups fail.

So they tried to offload shares to the public before actual deployment and failed?

No one gets a promotion from fixing bugs mentality.

This isn’t surprising. It’s already been known that because of Covid, a lot of retailers over ordered since no one could buy anything last year. Now the economy is in a recession, they have a glut of supply. Several newspapers have also mentioned that as the economy worsen, you will see more products go on sale as a result[1].

[1]https://www.forbes.com/sites/gregpetro/2022/10/07/retail-inv...

What Apple has learned is that they need to diversify their manufacturing risk. It’s not surprising they want to move some production to India. I have doubts they will completely move away from China though. Apple is a business, they don’t care about politics as long as it doesn’t hinder their production.

> I got married this past year. In the lead up to that, there were tons of wedding planning videos. Now I get served a lot of married couple w/no kids content. That'll probably keep changing as I move through life.

This is an interesting observation. You are arguing that your taste for content will change preventing you from getting tired of the product.

My argument is more along the lines of the medium. People get bored of photos because it’s old and so they move on to short videos.

Both are non-conflicting. I do see how your argument will prolong the lifecycle of the product.

What you are describing is the broadcast model. Instagram is moving towards that model to compete with TikTok but that is exactly why people stopped using it because it’s no longer the Instagram they were using.

Influencers (aka personalities) are only entertaining for a short period of time. They have constantly churn out new content to keep engaging users. It is because user don’t know them and are less attached.

Therefore as long as TikTok has influencers that can continue to make new content, it will keep attracting new users. But I suspect that this is also not long term sustainable. People, both influencers and users, will get burned out eventually.

Your argument that network model dies because of broadcast model is just one part. My argument still stands that eventually people will get tired of a social media product and move on to the next ones.

Not sure how my observations are lazy though considering your does not provide anymore insight that others didn’t already know… it’s already been reported on Rolling Stone, Venture Beat, etc back in July. Aren’t you just regurgitating their idea with offhand keywords?

Social products all have a lifetime value and it’s incredibly short. The same thing will also happen to TikTok one day. I suspect we will learn in the coming decades that social media companies are very profitable in the short term, but not so in the long term, say 20 years, unless the keep introducing new viral social products.

Nice to read something positive for once. Happy for you.

I remember once a bank director telling me he manages 100 people. Inner eye rolled hard. Being in charge is not managing.

I am not laid off but I am looking. There is a lot less jobs available. The ones on LinkedIn are all old job posts being refreshed and don’t exist anymore. I was finally able to get 1 interview with Google because I reached out to the same recruiter I rejected a few months prior for another role.

Exactly this. And if the company has corporate clients, they are one LinkedIn search away from the client wanting to distance themselves from an employee that was part of the another fraudulent company. Especially, if you are a dealing with other people’s money. It’s not worth the additional risk to the company’s image.

If you worked for Google, does it help you find your next job? The opposite is also true. Branding can go both ways. And most people aren’t web devs at FTX. They are an online exchange, they hire system programmers.