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I have malinvested numerous times for a few hundred bucks
Occasionally I win the lottery
Occasionally I win the lottery
That's nice! Do you include opportunity cost in the few 100 bucks?
of course not because it would be depressing
I have a friend in Kansas who has won the lottery numerous times, over 30k USD
obviously I don't live in Kansas
I was exaggerating when I said "depressed"... I mean I get depressed when the local liquor store runs out of Tequila
Only illegal aliens win the lottery in CA... God has a sick sense of irony
you need BD and sales folks?
we should talk...
I mostly don't have it because I do not yet like the risk/reward ratio of doing inverse headhunting [1] as long as the source talent pool is questionable.
The challenge is to keep the overhead low, because there is no point in selling efficiency gains if the overhead from your own process evens it out. So say we have an org that really just needs 2 ai-assisted coders. Instead of selling them consultancy, sell them a lasting solution: training, or recruiting 2 world class devs just fired by Jack for them that you spent a few days re-educating any bad habits out of. Add 20% on the overall cost, pay the bd/sales reps very respectable commission. Done & iterate.
I think it can be done, once I see less yolo development. If you need to spend a month re-training, the whole thing collapses. So let's talk when there's a bit more clarity on what's available on the labor market.
i.e. where we hunt inefficient businesses and convince the owner that shit can be overcome with a fraction of the budget it would have required a few months ago. Classic BD. ↩
There is a Rigly block party on March 12
Yes. It's covered by overcharging on services most of the time. So you have a project, you price it for cheap baseline. But then any scope changes, annual licenses, hosted SaaS and operational services you price jackpot. That way yes, you make a loss on delivery, but on licenses, support and additional work packages you stay afloat.
All this was sustainable because that's what everyone did. You'd be dumb not to. But this is the real "fat" that is getting trimmed over the next few years. Fat income stream for delivering crap, or for highly overpriced really good stuff.
As soon as AI peoples stop being such yolo noobs and start focusing on how to not just ship quickly, but get into that lower time preference and ship with extreme quality, things will look bleak for everyone that is half capable. And if not, I will just do continue to do consultancy and put big vendors out of business with extremely high precision solutions, made by the customer, to solve their own bespoke problems.
Empower everyone!