A short transcript excerpt from a YouTube video in which the speaker argues that technology companies must have sufficient technical staff (engineers) in leadership and across the company to truly be a "technology company." The speaker defines their strategy as learning faster than competitors—shipping early, iterating quickly, and using feedback loops to build better products. The passage emphasizes balance (not everyone should be an engineer) but insists on a meaningful share of engineers to enable rapid product learning and iteration.
Chapters
We never thought about ourselves as a website or a social network or anything like that. For a lot of companies, I think, think about themselves too narrowly in terms of, okay, well, we're this kind of one thing. And it's one of the things that I observed as soon as I came out to the Valley, that all these companies that called themselves technology companies were not really set up that way. The CEO wasn't technical. The board of directors had no one technical on it. They had, like one dude on the management team who was the head of engineering who was technical and like everyone else wasn't. It's like, all right, if that's your team, then you're not a technology company. So I think one of the things that I've always been pretty careful about, and I think that there's like a balance, right? It's like you don't want everyone to be an engineer because there's other things that matter too. But if you don't have enough of your kind of share of the company as engineers, then you're not a technology company. I define our strategy as we can learn faster than every other company. We're going to win. We're going to build a better product than everyone else because we're going to get it out first or early. We're going to have a good feedback loop. We're going to learn what people like better than other people. I think that's basically the formula. Be a technology company, build good foundation. Like, learn from what people are kind of focused on in the world and just iterate as quickly as you can.