The open source philosophy, which i believe is the most powerful idea i have been exposed to in my lifetime, and one that all your listeners should incorporate into their lives. The ability to distribute those changes means that the soffer takes on like almost like an evolutionary a dynamic where there's sort of survival functions. And more or more, as more vr, more of our lives are influenced o now, who we date, when we meditate, what we pay attention to, what news we read,. We are losing our agency and sovereignty over ourselves.
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Speaker 1
FPNA
Speaker 2
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Speaker 1
it's different, I would say, is that every investment is discrete, is different. There's never a time when it's just cookie cutter, whereas that's kind of picking on manufacturing earlier. But if you're cranking out something, same product 24 hours a day, I think you're reporting can be sort of probably better standardized, whereas the reporting for real estate just differs based on the product type. And there's a lot of common things that people look for in terms of returns. The big three would be IRR, multiple of capital and profit. Like that's at the end of the day what everybody cares about. And that's what the point of doing all the models is to figure out. So I think in that way, you know, it's the fact that every deal is different and you have to look at them individually rather than, you know, just a group of things that are being where the same thing is being produced over and over again. So I think hopefully that answers the first part of the question. Tell me this. I'm terrible with the stuff.
“Aren’t people lonely because they don’t have their friendships at work?”
On a recent appearance of The Knowledge Project with Shane Parrish of Farnam Street, Matt Mullenweg revealed that he hears this question often, and that the answer is one of many benefits of a company built to be distributed from the start.
“If your only social network is at work, you might be lonely if you weren’t working with people physcally,” answered Matt. “But then what does that open up? It opens up the opportunity for you to choose people around you geographically to spend time with.”
The conversation evolved to the Five Levels of Autonomy (spoiler: many companies made it to Level Two during the pandemic) and how it allows teams to focus on the work. “Part of our model of distributed work also provides a fair amount of autonomy in how people get their work done,” Matt said. “I like that it creates a lot more objectivity and focus around what the actual work is.”
The episode was first published in January, but it is a great listen today as many companies that became distributed by necessity in 2020 make decisions about returning to work places.
Shane and Matt also talk about blending the cultures of different business units within a company like Automattic, the future of proprietary software, and how Open Source is like kids banding together on a playground, for the greater good of the open web.
This was the 100th episode of The Knowledge Project, whose recent guests have also included Angela Duckworth, Jim Collins and Josh Kaufman.
You can listen to the full episode on your favorite podcast platform, watch it on YouTube, and read Shane’s highlights from the conversation over at The Knowledge Project.
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