I worked with the government as a contractor for a while and saw a lot of waste and inefficiency. My brother in law works for a bank and what he describes sounds a lot like what I saw at the government: crazy amounts spent on contractors to do stupid or trivial things, massive hardware and software purchases never used, LOTS of consultants consultants consultants, lots of unnecessary travel, people hired to do no work, failed IT projects, wasteful disposal of working equipment, etc. It all sounds exactly the same.
I've talked to a lot of people who have worked for other huge companies and the stories are similar. When I worked for the Fed there were people there who had worked for GM, Boeing, etc. and a few said the Fed was actually more efficient than some of those.
Has anyone ever worked for a very large (several billion annual spend or more) entity that was anywhere near as efficient as a startup or SMB?
This is why small startups can beat enormous companies. From what I've seen, comparatively, startups can at times be thousands of times as cost-efficient. But as startups grow they become less efficient. I've seen this too. It's incredibly hard to maintain efficiency as things scale for a very long list of reasons.
I've talked to a lot of people who have worked for other huge companies and the stories are similar. When I worked for the Fed there were people there who had worked for GM, Boeing, etc. and a few said the Fed was actually more efficient than some of those.
Has anyone ever worked for a very large (several billion annual spend or more) entity that was anywhere near as efficient as a startup or SMB?
This is why small startups can beat enormous companies. From what I've seen, comparatively, startups can at times be thousands of times as cost-efficient. But as startups grow they become less efficient. I've seen this too. It's incredibly hard to maintain efficiency as things scale for a very long list of reasons.