[Lavery]

>It's surreal to see people minted with money for life and yet deliver so little value. That sort of arbitrage usually only happens on Wall Street.

This must be a joke? The multi million-dollar exit with zero actual earnings is an almost uniquely tech phenomenon. There are Wall Street-ers that earned high pay for generating high earnings that many years later were found to be value-destructive, but at least at the time they were paid, they were cash-generating. That Wall Street jobs paid so much was because comp was structurally a function of cash generated.

[shuckles]

The difference between “selling a growth story” and “selling current profits booked by incurring future liabilities” seems entirely like a semantic one. What’s the practical difference?

[recuter]

Sometimes the code monkeys actually code something.