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Mark Rukman
Dec 22
Splendor Amidst Decay
We have converged on a world where the people who do the first 80% have no competency or interest in doing the second 80%. The SaaS industry is a frequent target of the Great Stagnation because it is chasing high margins rather than high value outcomes - which, to be fair, is a rational response to a punitive capital landscape that penalizes companies for deviating from a specific set of metrics. And it’s not just SaaS. The Defense Industrial Base underwent a financialization in the 1990s where the focus shifted to dividends and buybacks rather than innovation. I could go on. Lacking the incentives to allocate resources towards implementation, companies instead create an abstraction to define the “right” way to do something.
Shyam Sankar
Dec 22
at
1:16 AM
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