wavemode 3 days ago

Zuck is founder and owner. So is Huang (Nvidia CEO). They call all the shots.

Whereas AMD's CEO was appointed, and can be fired. Huge difference in their risk appetite.

I'm reminded of pg's article "founder mode": https://paulgraham.com/foundermode.html

I think some companies simply aren't capable of taking big risks and innovating in big ways, for this reason.

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hnlmorg 3 days ago

Zuckerberg owns Facebook though. It’s a lot easier to make bold decisions when you’re the majority shareholder.

Edit: though emphasis should be put on “easIER” because it’s still far from easy.

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  • danielmarkbruce 3 days ago

    This. Without knowing the guy, he seems to be a) very comfortable taking a lot of risk and b) it's actually not that risky for him to blow $20 billion.

    There aren't many cases like this. Larry/Sergey were more than comfortable risking $10 billion here and there.

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