Engineering Talent Wars
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Shaan Puri discusses how traditional companies like Chick-fil-A are competing for tech talent and implementing advanced technology, leading to observations about how non-tech companies can approach their tech needs.
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Traditional Companies Are More Tech-Advanced Than Expected
- Chick-fil-A has 100+ smart devices in stores
- Using machine learning algorithms to optimize operations
- Investing heavily in technology integration
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Challenges in Tech Talent Acquisition
- Traditional companies struggle to compete with tech giants for talent
- Hard to attract top engineers against Google, Facebook, OpenAI
- Some exceptions exist (Walmart Innovation Lab in Silicon Valley)
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Two Potential Solutions/Opportunities:
- Spin-Out Model
- Engineers could spin out of companies like Chick-fil-A
- Generalize their solutions for broader market
- Sell to other restaurant chains
- New Age Tech Consulting
- Create a "McKinsey for tech" focused purely on engineering
- Different from traditional consulting firms
- Staffed with ex-Facebook, Google, Stanford engineers
- Focus exclusively on technical implementation
- Distinguished by engineering-first culture ("CEO with Cheeto dust")
- Spin-Out Model
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Evolution Path for Tech Consulting
- Start as consulting agency
- Eventually develop proprietary software
- Natural path to bootstrap a software company
- Learn from working with multiple clients
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Market Validation
- Traditional consulting firms already offer these services
- Opportunity to differentiate with tech-only focus
- Build brand specifically around engineering expertise
- Target companies needing deep technical implementation
51:50 - 54:19
Full video: 01:05:37SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.