Do it because you love it.
Toronto is a funny town. There are so many people from the financial sector that want to get in to technology and the startup scene because of the potential for reward and the perceived prestige. I’m not sure when failure became prestigious. Most of the ideas I’ve tried to commercialize have failed. One idea (which many people contributed to) has generated close to $10 million dollars to date. Four other ideas failed to get off the ground. This is not amazing success, and certainly not crazy financial success for roughly 20 years of effort.
Don’t join or create a startup because of the prestige or the reward. Those companies don’t ever seem to really succeed.
The success that I have seen (primarily in others) is after they have spent 6 years on average persevering towards their vision because it is something they actually believed in.
Do it because you love it.
"If builders built buildings the way programmers wrote programs, then the first woodpecker that came along would destroy civilization."
Weinberg’s Second Law
So the US blew through their 65,000 H1-B visa’s in one week?
According to Techcrunch, that’s what happened.
I’ve always felt that I could acquire and train all but the most unique of technical skills (security, hardware/systems scalability engineers) but that in fact, leadership and experience is what is lacking.
Don’t get me wrong, there is serious demand for technical talent. What is, more seriously, lacking are people with technical skill, experience and management chops.
What we have is a bunch of MBA’s being taught management techniques from the 50’s and engineers that aren’t taught much about business. We’re simply not getting efficiency because the systems are flawed. We don’t know how to manage, train, motivate and inspire the talent we have because we don’t know how to measure their productivity. Since we can’t measure actual productivity we measure time in the office, hours and whatever metrics we have at our disposal using outdated, factory model criteria.
I know dozens of people who can put their shoulders into company and move it. I know hundreds of people who can show up everyday and wait for management to lead them, while doing just enough to make sure everyone keeps their jobs.
Do we have a technical problem, or a cultural one?
The HFT Debate
It seems to come down to what you feel the purpose of the markets is:
a) A place for businesses to raise capital, build their enterprises, provide employment
b) An information system that allows financial players to make money on transactions
It seems that those of use who believe the former are at odds with those that believe the latter.
"Pay is increasingly correlated to output, albeit an output that is no longer easily measurable in material terms."
Mark Fisher (Time-Wars Essay)