Saved by sari and
Insight from Patrick O'Shaughnessy podcast episode with the Collison brothers: Software is this intersection between creative work and mechanical industrial work, which is why there's a lot of people who have tried to put $1 billion dollars into software but it hasn't resulted in high quality software. It's similar to Hollywood, where you can't just spend $500 million to make a good movie. The whole thing is pointless unless someone has a vision, taste, and judgment. And the hard thing is that it's hard to build robust processes on taste and judgment because there's something unquantifiable about those things.
As software companies get fitter and stack new S-curves of growth, later stage companies become highly effective capital allocators - which is why we’ve seen Tech outstrip the rest of the ec... See more
Software Production Functions and Recombining Ideas
Muse • Infinite canvases with Steve Ruiz // Metamuse podcast episode 59
Cool technology isn’t enough. A great team isn’t enough. Plenty of funding isn’t enough. Too many people throw themselves blindly at hot trends, anticipating a gold rush, and end up falling off a cliff.