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DEF14A

32 karma · joined November 24, 2023

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DEF14A··on Corporate America is getting hooked on open-source AI
The "AI" executives at large firms are mostly product folks with engineering backgrounds, not sales, which should make us even more worried.
DEF14A··on France to ban unsolicited telemarketing calls
As someone who used to be in SaaS sales selling a complex platform, this might be the case for you if you're constantly doing a lot of research and keeping up with the market, but it's not for the vast majority of others. I can't tell you how many software engineers and leaders I cold called who thought our platform did one thing, but was surprised to learn we GA'ed a different capability, and then they'd mention they were talking about that with their team in standup recently, and then they'd take a meeting.

Again, not doubting there are people like you out there who stay up to date with vendors, but there was a lot of useful education being done in those cold call connects. That company still employs an army of BDRs doing the same thing today.

DEF14A··on AI financial advice is surprisingly good, especially if you ask right questions
As an associate financial planner working under a lead planner at an RIA firm, this is an interesting article but I was very disappointed by the comments here in this thread, like "I don't understand why advisors still exist" (meanwhile the RIA world is absolutely exploding and our firm can't handle the amount of families contacting us for advice). The purpose of my job, and this profession, can be split into two halves. We work primarily with families with a net worth between $500k and $10M, for reference.

The first half: complex planning cases involving multiple generations, tax planning, inheritance issues, etc. Occasionally I'll Claude for an opinion on something and it gives me answers that I would flat out never recommend to a client, ever. These cases often involve weird tax scenarios, but do also involve investment planning. We work with a couple in their 30s who together earn seven figures in AGI, and both are incredibly cautious people. We had them complete a risk assessment through Riskalyze in which they both indicated that they are extremely uncomfortable with market drawdowns (even after counseling them on their long time horizon, etc), so we ultimately implemented a plan that is heavily weighted towards bond index funds. If this couple went to Claude and asked what they should do, Claude would've told them to put all their money in equity index funds. That is the unequivocally wrong answer for this client because they run the risk of freaking out during a market drawdown, selling in a taxable brokerage, and thus unwittingly creating a realization event which could be disastrous in the short term.

The other half: very smart, high earning people who find personal finance incredibly boring and uninteresting, and if it weren't for us they would never get around to implementing a plan because they're so busy. We have so many business owner clients in law and medicine (and some in engineering leadership) who are almost impossible to get ahold of and need a LOT of follow up in order to make sure the plan gets implemented correctly. These people often come to us in their late 30s or early 40s with NOTHING set up or optimized. Acting like these people are going to sit down on a Sunday afternoon for 3 hours and prompt a full financial plan and then implement it and then spend one hour every quarter checking in and optimizing is not realistic whatsoever.

This profession is incredibly psychologically rewarding and our clients love us. I understand why people who have simple cases and are also very self-motivated might not immediately see what a more complex situation might look like, but to cross the line by implying that Claude can do my job is insulting.

DEF14A··on A.I. companies are recruiting electricians and carpenters by the thousands
"It also prices out a lot of other better uses for their labor...."

"Projects I work on..."

DEF14A··on Apple Watch sleep apnea detection gets FDA approval
That is definitely one cause of OSA as is micrognathia and other craniofacial abnormalities, but it remains that the most common cause is fat mass constricting the upper airway - even if that person has completely normal craniofacial development and proper posture.
DEF14A··on On being brought up by libertarian economists
I find the phrase "If that works for you, that's great!" to be so utterly condescending. Your argument itself is reasonable and interesting, but that phrase shuts my brain right off.
DEF14A··on Launch HN: PointOne (YC W24) – Automated time tracking for lawyers
This is really cool. Though, as someone who has worked in GTM at SaaS company, your website is confusing - most of the copy is written about features and the Q&A is geared towards associates ("will this let my boss spy on me?") but the "book a demo" button seems designed to lead partners into a demo. If the end goal is to convert potential executive sponsors and decisionmakers into a demo, the messaging should be revamped to almost entirely emphasize business outcomes rather than features. If you're curious, check out the free resources on the Product Marketing Alliance website!
DEF14A··on Just another practical sales rep comp plan
I'm a rep at a big SaaS firm - no one says "OTC", whatever that is. It's OTE. Also, literally no sales org would ever weight an AE's comp more towards base and a VP's comp more towards variable - everyone is on a 50/50 split, and if anything the VP would have more guaranteed comp. No discussion of RSUs or options? Furthermore, I have never in my life seen a plan that withholds the final quintile of variable comp - that sounds horrifying and no experienced, high-quality rep would work at a place like that.

Jason Lemkin's blogposts and videos on sales compensation are way more accurate than this.

DEF14A··on Online Job Posts Contain Little Wage Information [pdf]
As a salesperson at a large SaaS firm, I wouldn't want to work for an organization that doesn't have wide variability in compensation. My team had one rep who earned around $180k, and another who earned more than $400k, even though they have the exact same job title and responsibilities, which is how it should be.
DEF14A··on Google admits cracking down on people using ad blockers
I can't imagine the data scientists at Google haven't already regressed minutes viewed on frequency of ads and found a negative association, though. I wonder if they have a minimum threshold of y at which point they begin reducing the frequency of ads shown.