News for hackers. Stuff that matters.
Re:Jim Keller Resigns from Intel, Effective Immediately by kumarvvr on Friday June 12, 2020 @10:51AM (#23499780)
What you say, actually supports the original premise, that companies do depend on that one person who is the shining star.

There are hundred's of billionaires, wealthy from selling their companies. How many of them thought about building a company like SpaceX, literally putting their whole fortune on one thing, which at the time, had no clear chance of success.

There are many, not potential, but actual Elons out there. Only one has the right circumstances buoy him to the place where his visions come to fruition. And those circumstances include every factor in the spectrum, from personal traits, ideas, capabilities, etc to social, economic and cultural factors.

Almost all of technological change, one that spearheads mankind's next push into the great, is driven by people with will the size of mountains. It is their will that shakes the foundations, bull dozes the old, constructs the bigger, faster, higher new.

And Intel probably lost such a person.

Re:Jim Keller Resigns from Intel, Effective Immediately by travisporter on Friday June 12, 2020 @11:18AM (#23500101)
This is true, but I fear that such people get idolized and the JB Straubel and Wozniaks of the world get sidelined.
Re:Jim Keller Resigns from Intel, Effective Immediately by ksec on Friday June 12, 2020 @05:06PM (#23503926)
>And Intel probably lost such a person.

Intel had such a person. Patrick Gelsinger, mentored by Andy Grove. But Intel's Broad ( Andy Bryant ) decided he was never going to be CEO and so ultimately left Intel. BK became CEO, and the rest is history.

Re:Jim Keller Resigns from Intel, Effective Immediately by lisper on Friday June 12, 2020 @11:15AM (#23500076)
> companies do depend on that one person who is the shining star.

> There are hundred's of billionaires

So why couldn't a non-brilliant billionaire team up with a brilliant non-billionaire to make cool shit happen? Or a capital-raising syndicate? Isn't that how capitalism is supposed to work?

Re:Jim Keller Resigns from Intel, Effective Immediately by mrkstu on Friday June 12, 2020 @04:49PM (#23503750)
That is what SoftBank's Vision Fund was trying to be.

Unfortunately it's the baby in 1 month with 9 mothers problem.

Just like SpaceX is killing it vs Blue Origin where one was on a relative shoe string and the other basically as much cash as it could reasonably spend, throwing money at a problem usually isn't the solution to the problem. Magic Leap also comes to mind in this category.

Re:Jim Keller Resigns from Intel, Effective Immediately by kumarvvr on Friday June 12, 2020 @12:07PM (#23500598)
That too happens. But, when the money is from a third party, the risk apetite plummets, usually.
Re:Jim Keller Resigns from Intel, Effective Immediately by lisper on Friday June 12, 2020 @01:50PM (#23501772)
That's only true if the allocation decisions are being made by a third party like a VC because the third party usually has fiduciary duties (otherwise you have problems with conflicts of interest). But if the billionaire is investing his/her own money I see no reason their risk posture should be any different whether they're investing in their own venture or someone else's.
Re:Jim Keller Resigns from Intel, Effective Immediately by kumarvvr on Saturday June 13, 2020 @12:43AM (#23506806)
Exactly.

That is what the original commenter meant. If there are Elons out there with no money, they could band together to go to a VC, but then the risk taking process is skewed, because the brains and brawn are distributed.