261 karma · joined April 3, 2014
Managers don't have this safety net; failures will be evaluated more critically and they probably aren't the types to win at all costs. So they are more focused on avoiding fatal mistakes that will lose them their jobs, but don't end up achieving as much on average.
In a sports analogy, founders play to win and managers play not to lose.
But it's a spectrum not black and white. Every founder has to delegate and every founder has to bring on great people to do the work and let them breathe. I think its about freely enabling bold projects while minimizing the fear and anxiety at all levels, and figuring out the decision making and execution structure that works the best.
So 40% of projects with more proven/experienced technologies fail? That's super high. Replace "AI" with any other project "type" in the root causes and sounds about right. So this feels more of a commentary on corporate "waste" in general than AI.
This is from the article. I would tend to agree with you.
I have raised 6 equity rounds as a founder of 2 companies. Never took a dime off the table, was never offered it, never asked for it. We actually did have early employees ask about it, and we encouraged them to not sell.
Why would you, especially at early stage valuations? You're either bad at math, or you know you're about to fail. And who is buying these secondary shares? I don't know a VC or angel who would "de-risk" an early founder like this; it's not aligned with their model. It also complicates QSBS status if I recall correctly.
But I would like to see how this is integrated into applications by third party developers where the AI is doing a specific job. Is it still as impressive?
The biggest challenge I've had with building any autonomous "agents" with generic LLM's is they are overly gullible and accommodating, requiring the need to revert back to legacy chatbot logic trees etc. to stay on task and perform a job. Also STT is rife with speaker interjections, leading to significant user frustrations and they just want to talk to a person. Hard to see if this is really solved yet.
My dad passed away a few months ago. Going through his things, I found all of his old papers and writings; they have great meaning to me. It would be so cool to have them as audio files, my dad as the narrator. And for shits, try it with a British accent.
This may not abate the concerns, but I'm sure good things will come too.
Bummer in any situation... the progress in this domain is truly exciting, and OpenAI was executing so well. This will slow things down considerably.
To me, great products are a result of having a leader in the company who brings strong vision, customer focus, prioritizing the needle movers, and assembles the right technical talent to turn concepts into reality. This leader "gets it", and they make the tough decisions.
So while simply having a PM doesn't ensure these things, it doesn't necessarily prevent them either. Once you scale, the PM function brings much needed order to chaos. But if a company is relying purely on IC PM's to bring the vision, focus, needle movers, leadership, the company is flying blind as it's a signal that the founders / execs / board are absent. And that's a bigger problem than not loving your PM.
Their previously leaked internal debates about openness and iMessage for Android in particular is fascinating. Would love to see it on this topic.
I have tested out services that translate your "own voice" to another language and it was pretty cool, although I couldn't tell if the translation was quality. Automated translation isn't a solved problem, and this seems more of an issue than the tone of voice.
That aside, would retailers adopt this from Amazon, of all tech companies?
You are right in that there is risk to what WeWork is doing, but if it's a hard enough problem, the premium paid by owners may be big enough to provide an acceptable margin of error. Secondly, perhaps there is a valid hedging mechanism? Third, does their large network and brand give them a competitive advantage at top of the funnel such that they can charge a higher risk-premium (spread) to owners?
We shall see.
Bravo!