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The size of a company, in revenues, is distinct from its profit margin. The latter determines whether it could pay its workers more. So "Surely a hug… - Paul Graham
" "The size of a company, in revenues, is distinct from its profit margin. The latter determines whether it could pay its workers more. So "Surely a huge company like Megacorp could afford to pay its workers more" is fallacious reasoning.
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About Paul Graham
Paul Graham (born 1964) is an English computer scientist, essayist, entrepreneur, venture capitalist, and author. He is best known for his work on the programming language Lisp, his former startup Viaweb (later renamed Yahoo! Store), cofounding the influential startup accelerator and seed capital firm Y Combinator, his essays, and Hacker News.
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Additional quotes by Paul Graham
If you want to make money at some point, remember this, because this is one of the reasons startups win. Big companies want to decrease the standard deviation of design outcomes because they want to avoid disasters. But when you damp oscillations, you lose the high points as well as the low. This is not a problem for big companies, because they don't win by making great products. Big companies win by sucking less than other big companies.
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