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jrjeksjd8dtoday at 12:37 AM1 replyview on HN

For my entire career in tech (~20 years) I have been technically good but bad at identifying business trends. I left Shopify right before their stock 4xed during COVID because their technology was stagnating and the culture was toxic. The market didn't care about any of that, I could have hung around and been a millionaire. I've been at 3 early stage startups and the difference between winners and losers was nothing to do with quality or security.

The tech industry hasn't ever been about "building" in a pure sense, and I think we look back at previous generations with an excess of nostalgia. Many superior technologies have lost out because they were less profitable or marketed poorly.


Replies

gricardo99today at 12:48 AM

  bad at identifying business trends
I think you’re being unduly harsh on yourself. At least by the Shopify/COVID example. COVID was a black swan event, which may very well have completely changed the fortunes of companies like Shopify when online commerce surged and became vital to the economy. Shortcomings, mismanagement and bad culture can be completely papered over by growth and revenue.

Right place, right time. It’s too bad you missed out on some good fortune, but it’s a helpful reminder of how much of our paths are governed by luck. Thanks for sharing, and wishing you luck in the future.