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Sounds like he is talking about a startup per-se where say 10 devs get 10% ea?
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No matter how you frame it, you are still competing with the “Americans who are the leads and people from India doing the work for less than Americans” companies.
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Google, Facebook, Instagram, Stripe, Whatsapp, Coinbase, PIntrest, Amazon, Dropbox did well did they have a couple of team leads in US and rest in India at the start?

(To be clear: nothing against Indian talent. My point is you don't need to compete with global outsourcing unless the value proposition isn't high so you need cheaper devs)

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They aren’t hiring the cheapest developers who can barely get into one of the WITCH companies where they are competing for contracts by cheap American companies.

You are always competing with global talent - especially if they will work for 25% of your cost and these days can just be LLM supervisors.

My biggest issue with Indian developers in India that were contractors (not people in the US) is they never take the initiative and “work to rule” and will not speak up if they think there is a better way.

I don’t see that in my current LatAm coworkers. They have no issues speaking up, taking initiative, dealing with ambiguous requirements, etc.

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