My observation is simply that tech leaders misinterpret rewards from the market in conquering some abstract representation of a facet of a domain with conquering the domain itself. Then they become egomaniacal.

Did you conquer commercial real-estate ushering in the future of work and society, or did you build a handy scheduling app?

Did you have a neat idea for an online community or did you revolutionize human connection?

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zug_zug 3 hours ago | parent | next [-]

+1 .

I think it takes a certain type of mental or emotional deficit to forfeit all of your free time and the majority stake in your company for funding for a tiny shot at hitting a grand-lam.

"Not everything needs to be a platform". I remember a 10 person company that did translation dispatch for medical needs in California. And the CEO was insisting we needed to someday "become a platform."

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Terr_ 2 hours ago | parent | next [-]

Similar to "needs to be a platform" [0], another variant is "be a data company" where somehow the underpants gnomes will transform your moat of stored information into profit.

[0] Read: "Needs to be pitch-able to investors as a magical 1000x growth unicorn."

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fragmede an hour ago | parent [-]

it's no longer a theory. google paid millions for spirit airlines' emails and internal messages to be used as training data for their AIs.

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ambicapter 34 minutes ago | parent [-]

Google already had the machine, this was just feeding the machine. 99% of companies do not have this machinery in place and probably wouldn't know where to start.

	▲	Terr_ 28 minutes ago \| parent \| next [-]
		Yeah: Spirit Airlines didn't become ultra-awesome with the power of all its "data", it went bankrupt. I'm not sure on how much of the flight/sales/maintenance data is being used, versus simply a big archive of emails and support calls.
	▲	fragmede 19 minutes ago \| parent \| prev [-]
		Probably by emailing google, meta, OpenAI, and Anthropocene, saying you have a dataset and asking if they'd be interested.

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2 hours ago | parent | prev [-]

[deleted]

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benleejamin an hour ago | parent | prev [-]