eries

5 ms·

1.
by eries 3mo ago
Yup. The hot dog story is in the book, and although it is a leadership story, that leadership is protected by a unique structure. Without which, I think it's very clear that it would be insufficient. You'll have to read the book t
2.
by eries 3mo ago
do tell
3.
by eries 3mo ago
And they say people on HN are all negative without having read the source material. What an exaggeration! I hope you decide to read the book, and then come back and share whether it meets your expectations or defies them. The fact that you
4.
by eries 3mo ago
Right now, in most developed countries and especially in the United States, the defaults for corporate governance are set to a very extractive batch of so-called best practices. Organizations that want to have longevity, be mission-driven,
5.
by eries 3mo ago
All the mistakes, pretty much, are in the category of not fighting hard enough to protect the company or the founder. I tell a couple stories like this that still haunt me to this day, where I just feel like maybe, maybe, maybe if I had lai
6.
by eries 3mo ago
I just did. I can't really imagine what I would want to write about next. I guess if I'm lucky enough to live long enough, we'll see.
7.
by eries 3mo ago
So far, no, it's been a complete blackout from the major podcasts and major TV programs.
8.
by eries 3mo ago
Of course that's true, but then don't forget that business model is a choice.
9.
by eries 3mo ago
Thank you. That's very nice of you to say.
10.
by eries 3mo ago
Strongly endorse this way of thinking. If your local library doesn't have enough copies, I'd be glad to donate one.
11.
by eries 3mo ago
I cover this topic extensively in the book. I think the fact that founders are increasingly turning to the political solution of "despotic emperor for life" tells you more about how bad standard governance is than anything else. I
12.
by eries 3mo ago
That's it exactly. Trust is part of a virtuous performance cycle that causes them to both be more true to the mission and also to make more money and therefore be able to invest more in the mission, etc.
13.
by eries 3mo ago
I guess I should also say that the one tool that I've used that doesn't do this is the one made by my friends at Answer.ai called solveit. You can check it out here at solve.it.com
14.
by eries 3mo ago
Oh my God, we're seeing this kind of waste of overproduction everywhere with AI. In fact, I've noticed that even when I vibe code a product, I often wind up adding tons of additional features that I didn't plan to, simply bec
15.
by eries 3mo ago
incorruptible does not mean immortal, fwiw I appreciate you engaging with the argument in good faith and I look forward to hearing what you think of the book if you do decide to read it.
16.
by eries 3mo ago
amen
17.
by eries 3mo ago
He's every bit as brilliant and generous as you remember. You can still learn from him, btw, once we re-open the solveit course: https://solve.it.com/ stay tuned
18.
by eries 3mo ago
I assure you that I hand-wrote every word of this all-too-human reply. I'm sure an LLM could have done it better.
19.
by eries 3mo ago
Sure, happy to. This is a very common source of confusion, so definitely worth clarifying. We agree that Costco's difference is due to its superior leadership. The question is why has the company been able to maintain this leadership a
20.
by eries 3mo ago
I genuinely do not understand what you are asking, but I'd be happy to try and answer it. If you prefer a website not created by humans, you might prefer: https://howisincorruptiblegoing.com/ instead
21.
by eries 3mo ago
I would love to learn more about it, too
22.
by eries 3mo ago
By far the easiest thing is to file a "public benefit corp" form in Delaware. Two pages, extremely easy, your lawyer can have it done for you by next week without breaking a sweat. By itself, it is not enough, but it solves a genu
23.
by eries 3mo ago
No way! I would absolutely love to hear what you thought of that book. In fact, you may be the first person I've ever interacted with who actually read it!
24.
by eries 3mo ago
By this logic, there are no such thing as psychological forces or institutional structures that affect human behavior unconsciously. I don't think that can quite be right. If you read the book, you can see the much more detailed and (I
25.
by eries 3mo ago
FWIW, Friedman himself I think would be quite scandalized by what passes for normal business practice today.
26.
by eries 3mo ago
Yes, indeed, this is discussed extensively in Chapter Four
27.
by eries 3mo ago
Thanks for the suggestion
28.
by eries 3mo ago
There's actually a whole chapter on this in the later parts of the book. I talk about the phenomenon of non-profit-run companies (think credit unions or Signal or Wikipedia) and how many of us simply treat them as one-offs or singleton
29.
by eries 3mo ago
I guess then the jury is still out, then
30.
by eries 3mo ago
as nate bargatze says, if only it were that simple!

More ›