> Give passionate CEOs money and you get the next big scam.
This has been the case for decades, yet we still seem to have not learned this.
This is my observation, from having seen this happen in a couple of industries, and hearing of it happening in others.
There seems to be a "sweet spot," in new money-making stuff, where real value is produced, rewards are reaped, and scamming is low.
The industry starts off with small-scale passion projects, and relatively low rewards. Virtually no scamming, but also modest financial gains, as the passion-players start to establish the infrastructure.
Then it starts to "catch on," and a more professional approach is applied. The industry starts to scale, and the first folks on the upswing start to make some good money.
Then, after that, the scale goes up exponentially, the quality of the work nosedives, the rewards pile up, and the scamming becomes more prevalent. Many of the originators fall down, because they can't adapt to the new darwinian order.
Eventually, the whole thing becomes so corrupted, that it collapses under its own weight.
i think you’re hitting the nail on the head emphasizing passion.
so often people entirely disregard passion for the work when theorizing that no one would be a ceo for less than $40million.
i haven’t ever seen studies done surrounding the issue, but i’d bet far more innovation comes from people doing something because they’re passionate than it does from monetary reward.
there’s a tipping point somewhere when innovation takes a backseat to greed.
often greed directly leads to a willingness to destroy a things essence or just chip away at the thing completely ignoring the passion which brought it about in the first place.
edit: forgive me if this seems a bit heavy handed—just watched Its a Wonderful Life with the family for Christmas so maybe i’m feeling a bit jaded towards greed.
This has been the case for decades, yet we still seem to have not learned this.
This is my observation, from having seen this happen in a couple of industries, and hearing of it happening in others.
There seems to be a "sweet spot," in new money-making stuff, where real value is produced, rewards are reaped, and scamming is low.
The industry starts off with small-scale passion projects, and relatively low rewards. Virtually no scamming, but also modest financial gains, as the passion-players start to establish the infrastructure.
Then it starts to "catch on," and a more professional approach is applied. The industry starts to scale, and the first folks on the upswing start to make some good money.
Then, after that, the scale goes up exponentially, the quality of the work nosedives, the rewards pile up, and the scamming becomes more prevalent. Many of the originators fall down, because they can't adapt to the new darwinian order.
Eventually, the whole thing becomes so corrupted, that it collapses under its own weight.
Rinse and repeat.