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E114: Markets update: whipsaw macro picture, big tech, startup mass extinction event, VC reckoning
All-In with Chamath, Jason, Sacks & Friedberg
The Problem of Infinite Delegation
Every individual contributor who's a star thinks that their career advancement requires them to manage a team. So what happens is you take that star I see and then you create a team around them. And those five people are not stored, they stop working, they just start managing. Well, maybe you get like 20% more production out of that six person unit than you would have just out of the star, but you're spending five times more money.
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