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10 things I learned from Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley by Antonio García Martínez

This book follows the author's journey through Silicon Valley. Antonio was instrumental in creating the Facebook Ads system in 2012 - 2015 and gives a lot of technical history around it with lots of personal stories as well.

From AI:

The book offers a compelling look at the intersection of technology, business, and personal philosophy in Silicon Valley, providing an inside view of the dynamics that drive one of the most influential industries in the world. The author's journey from a quant at Goldman Sachs to a key player at Facebook underscores the diverse skill sets and unconventional paths that can lead to success in the tech world.

10 things I learned from Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley by Antonio García Martínez
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    1. The author started his career with a Ph.D. and worked at Goldman Sachs as a quantitative analyst, bringing a deep understanding of data and finance to the tech industry.

    2. The author lived on a sailboat in San Francisco for $700 a month, contrasting sharply with the city's high living costs

    3. At Facebook, a project needed to generate at least $100 million to be considered valuable, a stark contrast to the startup environment where $1 million was significant.

    4. Facebook's real-time advertising system needed to be capable of making millions of calculations per second

    5. He provides insights into Facebook's IPO, explaining how a stock price 'pop' is often misconstrued as success, but can indicate a loss for founders, offering a different perspective on public offerings.

    6. The book humorously describes the indifference of advertisers to personal debauchery compared to consumer behaviors like shopping,

    7. A statement attributed to Mark Zuckerberg: some successes in the Valley are like "driving a clown car into a gold mine"

    8. Facebook's ambassadors help guide major companies through their advertising system, indicating strategic partnerships and negotiations in big tech.

    9. The author's background in quantitative analysis proved beneficial in the realm of online advertising, which was increasingly resembling stock market trading, demonstrating the interdisciplinary nature of tech roles.

    10. The development of standard advertisement sizes (containerization) and the differentiation between 'view through' and 'click-through' metrics are discussed.

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