management

Overheard : India 1-2-3

Great discussion between Jim O’Shaughnessy and Sajith Pai on the India as a market in the Infinite Loops Podcast. Sajith did a great job describing India as a combination of three markets and not a monolithic market of 1.5 billion people.

India is not a 1.5-billion-person market that many Westerners believe. Instead, it’s three distinct “countries” hiding in plain sight. There’s India One: 120 million affluent, English-speaking urbanites (think the population of Germany) who love their iPhones and Starbucks. Then comes India Two: 300 million aspiring middle-class citizens who inhabit the digital economy but not yet the consumption economy. Finally, there’s India Three: a massive population with a similar demographic profile to Sub-Saharan Africa, that’s still waiting for its invitation to join India’s bright future.

Highly recommend checking out the podcast and this report (on Indus Valley – a play on words comparing the market in India to the tech market in Silicon valley) that Sajith and team put together.

On AI Agentic Workflows

Amazing conversation with Bret Taylor on agentic workflows leveraging AI in the enterprises. The whole conversation is worth listening to multiple times, but this specific segment where Bret speaks about the difference between traditional software engineering and AI driven solutions was thought provoking on how much change management organizations have to go through to adopt to these new solutions.

Now if you have parts of your system that are built on large language models, those parts are really different than most of the software that we’ve built on in the past. Number one is they’re relatively slow compared — to generate a page view on a website takes nanoseconds at this point, might be slightly exaggerating, down to milliseconds, even with the fastest models, it’s quite slow in the way tokens are emitted.

Number two is it can be relatively expensive. And again, it really varies based on the number of parameters in the model. But again, the marginal cost of that page view is almost zero at this point. You don’t think about it. Your cost as a software platform is almost exclusively in your head count. With AI, you can see the margin pressure that a lot of companies face, particularly of their training models or even doing inference with high-parameter-count models.

Number three is they’re nondeterministic fundamentally, and you can tune certain models to more reliably have the same output for the same input. But by and large, it’s hard to reproduce behaviors on these systems. What gives them creativity also leads to non-determinism.

And so this combination of it, we’ve gone from cheap, deterministic, reliable systems to relatively slow, relatively expensive but very creative systems. And I think it violates a lot of the conventions that software engineers think about — have grown to think about when producing software, and it becomes almost a statistical problem rather than just a methodological problem.

Overheard : Leadership

Leadership isn’t about being the hero. It’s about empowering your team to become heroes themselves.

Google Gemini

For folks that are driven, wired to see an issue and tackle it head-on, it is difficult to not jump in and “try” to help your team whenever they run into an issue. But the reality is that most folks are capable, creative individuals. They just need the space to flex their own problem-solving muscles.

If you team has the skills and experience, let them handle it :-).

Overheard : On vision

Patrick Collison (Co-Founder and CEO of Stripe) shared this snippet of an internal email that David Stearns (Staff Engineer at Stripe) wrote about Dee Hock. Dee Hock was the founder of Visa and this statement on Dee’s vision really connected with me

Today, I can hop on a plane to most anywhere in the world and use my Visa card to purchase goods and services regardless of the language spoken by the merchant, the currency of the merchant’s bank account, or the time zone difference between the merchant’s shop and my issuing bank. In the 1960’s this was unthinkable. Today’s magic was yesterday’s dream, and Hock was one of the biggest dreamers of all.

Full copy of the snippet below

Overhead : Tactic vs Strategy

Tactics is knowing what to do when there is something to do; Strategy is knowing what to do when there is nothing to do.

Savielly Tartakower (French-Polish Chess Grandmaster)