I imagine it's worse in industries where a firehose of profits papers over all manner of mistake, and where many founder/CEOs skipped business school.
That’s probably true. But I’m not sure that fact has been reflected in stock prices. During the last hype cycle I would say that, in general, tech has been hyped a lot more than other industries.
In my experience, it's a miracle anything works.
Re:HashiCorp just let go 8%
by mrguyorama on Thursday June 08, 2023 @02:56PM
(#36246838)
This is why I have always laughed at people suggesting that private enterprise can do things more efficiently than big government. Have you worked for what passes as private enterprise these days? There is zero forcing function in the corporate space anymore. Everything is owned by the same like 100 people, and there is no competition, so even if it worked in theory, it should be clear and obvious it hasn't "worked" in the US for decades.
to be fair, this is likely the case for most large companies even outside SV.
You just have to talk to anyone in any industry to hear crazy stories.