Wayne Hu
Wayne Hu
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I Left My Dream Job at Mckinsey: Here's Why
In my first week on a new engagement at McKinsey, I’m putting together a powerpoint presentation for a client kickoff, and my new manager comes in and asks to take a look at what I’m working on. He takes a look at the first slide, starts flipping through the rest of it, and says “we don’t use font sizes bigger than 10 here at McKinsey. Reduce the sizes of all the fonts, and figure out some way to fill the empty space left on the slides to look nice” and then he left the room. I thought it was a joke, but this dude was deadly serious. Thankfully that guy did not make it at McKinsey; he was a caricature of all the things people detest about McKinsey consultants.
And while not everyone at McKinsey is like that, it IS a reflection of how much consultants agonize all of their energy just thinking about how to communicate something, down to cosmetics of a font size, which is really frustrating for people who like to actually just get stuff done.
But that’s NOT actually the reason I quit. McKinsey is perennially ranked the #1 consulting firm in the world, one of the most well run and presitigous companies to work with a less than 1% acceptance rate - much lower than getting into Harvard - and in fact, one of THE top choices to work for people who attend Harvard. BUT I actually think it’s not for everyone, probably not for most people, and I’m going to share some of the soft underbelly of what it’s like to work there by talking about the top 7 reasons I quit McKinsey.
zhlédnutí: 5 953

Video

Becoming Sam Altman: The OpenAI Story
zhlédnutí 1KPřed 8 měsíci
How did Sam Altman, the CEO of OpenAI - arguably the most important company in silicon valley - get usurped overnight? OpenAI was leading the world in AI advancements, worth almost 90 billion dollars. And yet in just one chaotic weekend, saw that evaporate as almost every employee threatened to quit. It was perhaps the fastest destruction of shareholder value in history. In the most shocking ne...
Becoming Sam Bankman-Fried: The Complete Documentary
zhlédnutí 148KPřed 9 měsíci
The highly anticipated criminal trial and sentencing for Sam Bankman-Fried is kicking off, with Sam facing 7 counts that could net him a life sentence. But how did we get here? And what led this privileged silicon valley geek to become arguably the greatest fraud of all time? In probably the craziest rise and fall of all time, The 31-year-old built FTX into A company that everyone believed woul...
5 Biggest Regrets of Harvard Graduates
zhlédnutí 1,1KPřed 10 měsíci
This past summer was my 10 year reunion at Harvard Business School. I wanted to make a video because this is basically the perfect window into how the lives of Harvard graduates are panning out. And people were so forthright about all the challenges they’ve faced - you might think please what do Harvard grads have to complain about, but what they had to say was honestly really surprising. So He...
Warning Signs: Is the AI Startup Bubble Ready to Pop?
zhlédnutí 1,1KPřed 10 měsíci
We’re just now starting to see the first signs of the AI hype subsiding. Recently, two of the highest flying generative AI startups Jasper and Mutiny started laying off employees. Jasper, which was probably the single biggest success story for a company built on top of ChatGPT, saw massive churn in their customers, apparently cutting their revenue in half from a high of 150M to 75M. News also c...
Unlock Your Dream Tech Startup Job: The Complete Guide
zhlédnutí 1KPřed rokem
If you’re looking to break into the tech startup world, or one of the thousands of tech employees affected by layoffs and looking for a new job, this is the video for you. We’re going to go step by step through what you should be doing to land that tech job of your dreams. I’m a venture capitalist trained at some of the biggest funds in Silicon Valley and before that worked at Google and ventur...
The Next BILLION Dollar Business to Start with ChatGPT
zhlédnutí 2,7KPřed rokem
What's the next billion dollar business that you can build on top of ChatGPT? We’re seeing a rush of developers create gimmicky, thin UI layers wrapped around ChatGPT that have limited staying power. And this is literally what other CZcams videos are recommending. Don’t get me wrong, if you want to try to make a quick buck or a small lifestyle business that’s one of thousands, there’s nothing w...
Google vs Microsoft: Who Will Win the Future of Search?
zhlédnutí 4,6KPřed rokem
Microsoft CEO Satya Nadella openly declared war on Google with the new Bing search powered by ChatGPT4, the revolutionary technology developed by OpenAI. In response, Google issued a code red and launched Bard. But why should Google be worried? After all, it has the best AI talent, near-infinite money, and built-in distribution to billions of people. There’s maybe no single company that’s more ...
Who Will Win the Artificial Intelligence Arms Race? Google Bard vs OpenAI ChatGPT vs Microsoft Bing
zhlédnutí 3KPřed rokem
The battle for AI is heating up, and at stake is a godlike power. OpenAI’s revolutionary GPT4 launch brings us one step closer to AGI. Microsoft declared war on Google with its Bing search ChatGPT launch, pulling away millions of users, forcing Google to respond by launching Bard. Amazon and Meta both revealed their own large language AI models. OpenAI also cut the price of its ChatGPT API by 9...
Inside the CRAZY Final Hours of SVB's Bank Run
zhlédnutí 191KPřed rokem
In this video, I'll take you inside the dramatic final hours of the SVB Silicon Valley Bank run. Silicon Valley Bank was the most important financial institution for the biggest innovation hub in the world, and its failing was an extinction level threat. I'll give going to give a real-time narration of what the bank run was like in the middle of it as a venture capitalist in Silicon Valley, try...
10 MINDBLOWING Artificial Intelligence Examples You Never Knew Were Possible
zhlédnutí 12KPřed rokem
The AI world has been turned upside down by the emergence of transformer modelss, implemented by companies like OpenAI to create GPT3 / GPT4 and ChatGPT, and new generative image and voice technologies like Dall-E, MidJourney, and Stable Diffusion. In this video, I’m going to be picking out the top 10 mind blowing examples of artificial intelligence as part of the generative AI renaissance we’r...
What it's ACTUALLY like being a Venture Capitalist
zhlédnutí 26KPřed rokem
I’ve been a venture capitalist for about a decade now starting off as an intern at the storied fund Kleiner Perkins, which led the earliest rounds of funding for iconic companies such as Google, Amazon, Genentech, and more. People think of VCs as either all-knowing savants that have a crystal ball into the future of tech or as capitalist blowhards that just try to pump themselves up. Whatever y...
How to Raise Venture Capital in the 2023 Downturn
zhlédnutí 4KPřed rokem
Tech growth stocks are down 70% or more, VCs are safeguarding every dollar they have as their last, and many describe the funding market as completely frozen right now. But that’s not exactly true. How do I know? I sit on the boards of several companies that have raised the kind of growth round that everyone is saying is impossible right now. That said, there ARE some super important difference...
Tech 2023: Here's What You REALLY Need to Know | Top 10 Technology Innovations and Trends
zhlédnutí 3,3KPřed rokem
What tech trends are in store for 2023? 2022 will go down as one of the craziest years on record in the technology world. Tech stocks imploded, wiping out trillions of dollars in company value, Elon agreed then reneged then bought Twitter, and we saw possibly the most insane fraud of all time. So what comes next? Will technology come roaring back? Will crypto die off forever? It’s hard to belie...
Can MrBeast Become the First YouTube Billionaire?
zhlédnutí 35KPřed rokem
Can MrBeast Become the First CZcams Billionaire?
The REAL Danger of the Metaverse You Need to Worry About
zhlédnutí 1,5KPřed rokem
The REAL Danger of the Metaverse You Need to Worry About
Startup Founders: Here's How to Survive and THRIVE in the Tech Crash
zhlédnutí 2,3KPřed rokem
Startup Founders: Here's How to Survive and THRIVE in the Tech Crash
Tech Crash: How Much Worse Will It Get in 2023?
zhlédnutí 3,2KPřed 2 lety
Tech Crash: How Much Worse Will It Get in 2023?
How Robinhood Gamified Online Trading into Meme-Stock Fueled Addiction
zhlédnutí 1,6KPřed 2 lety
How Robinhood Gamified Online Trading into Meme-Stock Fueled Addiction
How Much Do Startup Founders ACTUALLY Make?
zhlédnutí 20KPřed 2 lety
How Much Do Startup Founders ACTUALLY Make?
15 AMAZING Technologies Around the Corner
zhlédnutí 2,4KPřed 2 lety
15 AMAZING Technologies Around the Corner
Dying Young: The Dark Side of Being a Founder
zhlédnutí 6KPřed 2 lety
Dying Young: The Dark Side of Being a Founder
10 Technology Trends that will Change the World
zhlédnutí 7KPřed 2 lety
10 Technology Trends that will Change the World
How MILLIONS Work Jobs in the Metaverse
zhlédnutí 3,7KPřed 2 lety
How MILLIONS Work Jobs in the Metaverse
Why Everyone Gets TAM Market Sizing WRONG: Total Addressable Market Explained by a VC
zhlédnutí 12KPřed 2 lety
Why Everyone Gets TAM Market Sizing WRONG: Total Addressable Market Explained by a VC
Metaverse Explained: What Everyone Gets WRONG about The Metaverse
zhlédnutí 4KPřed 2 lety
Metaverse Explained: What Everyone Gets WRONG about The Metaverse
Why Influencers are the New Entrepreneurs: The $100 BILLION Creator Economy
zhlédnutí 8KPřed 2 lety
Why Influencers are the New Entrepreneurs: The $100 BILLION Creator Economy
Who Will Run the Metaverse? Top 5 Companies Leading the Metaverse Arms Race
zhlédnutí 22KPřed 2 lety
Who Will Run the Metaverse? Top 5 Companies Leading the Metaverse Arms Race
Silicon Valley VC Teaches Startup Fundraising Masterclass | Trailer
zhlédnutí 186KPřed 2 lety
Silicon Valley VC Teaches Startup Fundraising Masterclass | Trailer
How to Find The Next Google: Ultimate Guide to the Venture Capital Diligence Process
zhlédnutí 6KPřed 2 lety
How to Find The Next Google: Ultimate Guide to the Venture Capital Diligence Process

Komentáře

  • @martinwalsh9146
    @martinwalsh9146 Před 2 dny

    Hi. Just wondering what tool/software you used for creating the video? Thanks

    • @nogatekeepers
      @nogatekeepers Před 2 dny

      Adobe Premiere for my core workflow, a little bit of Davinci for color grading, Audition for sound and Aftereffects as well

  • @infiniity8763
    @infiniity8763 Před 5 dny

    What did you do during your time at Google?

    • @nogatekeepers
      @nogatekeepers Před 5 dny

      I was on the monetization team at CZcams back in 2013 as the skippable ad format was starting to scale

  • @peachpeach2285
    @peachpeach2285 Před 20 dny

    Great info

  • @Theo-W-91
    @Theo-W-91 Před 24 dny

    @nogatekeepers this vid promptly loses some credibility bc you’re misrepresenting the “10pt” feedback by 180 degrees. I think you’re aware it’s the opposite- no one says that at McK, whereas many people say “no font sizes below 10pt”. Partners routinely push for like size-16 font on pages; size 10 almost indicates a fundamentally bad page (with plenty exceptions, of course)

    • @Theo-W-91
      @Theo-W-91 Před 24 dny

      There’s another misleading statement in the first minute. (And listen, I neither currently work for McK nor mean to accuse you of twisting that first story to seem more preposterous to the audience-maybe you just had an anomalous bizarro-world experience?) Re: agonizing over ‘how to tell the story’ vs. getting things done… The biggest adjustment for many new hires at McK is (cliche incoming) 80-20 work habits. While not often explicitly highlighted, one of the main value props of McK is working 10x faster than their clients. And, frankly, their work IS telling a story. So, while there is a lot of energy spent on ‘crafting the storyline,’ it is absolute gospel to spend no energy on things that ‘don’t matter.’ And I think you’re trying to imply that a lot of time (i.e., billing) goes into low-value-add BS. Not to mention that McK consultants literally send their slides to be formatted by a dedicated team in India in order to preserve their time for “gettin things done” !

    • @nogatekeepers
      @nogatekeepers Před 24 dny

      @@Theo-W-91 Thanks for your extremely thoughtful comments! A couple clarifications: 1) I am not implying that communication is not important at all, in large organizations this is paramount to impact. I'm just suggesting that I personally like just the autonomy of taking quick action, and am not good at/nor enjoy the process of communicating in a way to bring several functional groups and teams along for the journey just to get incremental progress on a massive ship that takes a lot to course correct.

    • @nogatekeepers
      @nogatekeepers Před 24 dny

      2) the EM I worked for was fired right after the project I worked with him on. So while I did speak correctly, I don't necessarily believe he was the norm. He wanted "busy" slides because he thought simple slides came across as un-intelligent. He was certainly the worst and most insecure manager I worked with.

    • @Theo-W-91
      @Theo-W-91 Před 24 dny

      @@nogatekeepers Got it. Well your video does nothing to dispel the notion that this manager was the rule rather than the exception. By leading with this anecdote (“We don’t… at McKinsey”), you quite directly imply that McK packs ‘filler’ content into tiny fonts to satisfy a crazy rule (<= 10pt font size) that inherently reads to the audience as unnecessarily dense and even dishonest… when in fact the opposite is true. The point I’m making is you must be doing that on purpose as it’s a clear choice. E.g., you must have worked with other managers; you must have heard a very different spirit of slide guidelines; it’s even hard to imagine that you didn’t hear feedback directly contradicting what your manager told you with regard that very slide. More cynically , I’d just say it’s very hard to believe that someone who made it to manager would ever say “we always do [something we in fact never do] here at McKinsey.” Think of what would have to be true for that to happen… Anyway hopefully I’ve articulated why this font thing actually matters in the context of not only your video, but in the cottage industry of McK “insider” memoirs…

    • @nogatekeepers
      @nogatekeepers Před 24 dny

      @@Theo-W-91 The EM was actually a direct to EM hire from external. I do say in the video not every one is like this at McK

  • @NateGPT
    @NateGPT Před 28 dny

    What about the OxyCodone CDOs and African legislative crimes?

  • @FizzleFX
    @FizzleFX Před měsícem

    Elon Musk is a vaporware fraud. His latest stock pack is worth far more than the company EVER MADE in profits. And his promises are nonsensical sci-fi B's

  • @abheetnigam
    @abheetnigam Před měsícem

    Love your content

  • @dogecl
    @dogecl Před měsícem

    Great insights, thanks. The only thing that I didn't like was the sound effects. Sovable by using C.C.

    • @nogatekeepers
      @nogatekeepers Před měsícem

      Thank you!! Noted

    • @dogecl
      @dogecl Před měsícem

      @@nogatekeepers maybe it's because I have airpods, but... little details. Thanks.

    • @nogatekeepers
      @nogatekeepers Před měsícem

      @@dogecl Got it!

  • @clintlawson6456
    @clintlawson6456 Před měsícem

    Mr beast is signed to Dysney 😂 that's all propaganda and bullshit look who his management is Co signed to Dysney 💯

  • @clintlawson6456
    @clintlawson6456 Před měsícem

    It's all a scam and can't last there is nothing tangible behind it since moving away from the Gold Standard it's all gone to shit and will collapse hard soon

  • @eugenewalls-ci7el
    @eugenewalls-ci7el Před měsícem

    Great job keep up the good work

  • @user-wr4yl7tx3w
    @user-wr4yl7tx3w Před měsícem

    The thing that bothers me is how big VC uses their size to force anti competitive practices that benefits them. Just like big anything.

  • @cognitivedissonance9190
    @cognitivedissonance9190 Před měsícem

    Is he really suffering after all of these? I guess not he is still living the high life behind the scenes.

  • @bobgaston1
    @bobgaston1 Před měsícem

    Before McKinsey there was Author Anderson. Until it wasn’t.

    • @Theo-W-91
      @Theo-W-91 Před 24 dny

      Arthur* Andersen* was an accounting firm

    • @bobgaston1
      @bobgaston1 Před 24 dny

      @@Theo-W-91 Anderson was accounting, consulting, software development and systems engineering and deployment. They developed and owned mainframe software systems that managed worldwide product distribution. It was called DCS (Distribution Control System). Like I said, it was there until it wasn’t.

    • @Theo-W-91
      @Theo-W-91 Před 24 dny

      @@bobgaston1 You’re still spelling it wrong- but Andersen got in trouble for endorsing (certifying) fraudulent accounting practices as Enron’s auditor. Their legacy consulting business still exists today (at Accenture I believe)

    • @Theo-W-91
      @Theo-W-91 Před 24 dny

      @@bobgaston1 If you want to make a point, you could point out that the CEO of Enron, who concocted many of the crimes that brought Andersen down, WAS a McKinsey consultant- who advised Enron before leaving to work there. Fun fact

  • @nogatekeepers
    @nogatekeepers Před měsícem

    Any similar reasons why you left your job in the past? Or for the other former consultants, any different reasons you left the profession?

  • @telebiopic
    @telebiopic Před měsícem

    This is such a honest take. It pretty much mirrors my experience in BCG.

  • @dylanscalfscalf9488
    @dylanscalfscalf9488 Před měsícem

    AMAZING video! Great job!

  • @antoniomaruge8218
    @antoniomaruge8218 Před měsícem

    Great work

  • @Endless_Moments
    @Endless_Moments Před měsícem

    I saw sam bankman-fried at the Miami formula 1, 2024. I have proof

  • @derekrogers1984
    @derekrogers1984 Před měsícem

    I’m an idiot. Watched the whole thing and I still don’t understand 😂

  • @knowledgeisablessing8767
    @knowledgeisablessing8767 Před měsícem

    When Tony Blair and Bill Clinton arrived on the scene, you knew it was sketchy 😂😅😂😅

  • @LadyCleo1
    @LadyCleo1 Před měsícem

    He's hot money when he gets out of jail

  • @ReclaimingTruth
    @ReclaimingTruth Před měsícem

    Text book sociopath.

  • @davidkim9898
    @davidkim9898 Před 2 měsíci

    Earned my sub so hard. Damn.

  • @AmishFan
    @AmishFan Před 2 měsíci

    But so people got all their money back right? So he was solvent after all?

    • @nogatekeepers
      @nogatekeepers Před 2 měsíci

      Just got lucky that their assets (eg butcoin, Ethereum) appreciated so much!

  • @sahistasheikh5184
    @sahistasheikh5184 Před 2 měsíci

    Though i found vc job so cool that I want to start doing it but I am not from finance background rather a medical one. I am just in the catch of cool job to get some extra money though i am very keen to learn a new skill should i go for it I am currently 19 and thinking of taking beginner course of vc should I go for it tell me from your experience senior?

    • @nogatekeepers
      @nogatekeepers Před 2 měsíci

      Yeah I think best to try to break into tech (where there are tons more jobs) first before trying to get into vc

  • @warriordx5520
    @warriordx5520 Před 2 měsíci

    TLDR: Mckinsey is a money laundering scheme

  • @cesaravegah3787
    @cesaravegah3787 Před 2 měsíci

    Of all this debacle I can't stop thinking of how the most arrogant, rude and most probable culprit that the guy ended being such a jerk is his mother, who, by the way, profited massively from the fraud and hasnt yet received consequences

  • @matthewwatts6281
    @matthewwatts6281 Před 2 měsíci

    Very good documentary. But I feel it only tells a small part of the story. The arbitrage on Bitcoin just sounds like absolute nonsense. I think the real story is closer to Epstein than Bernie Madoff.

  • @bzmrgonz
    @bzmrgonz Před 2 měsíci

    I look forward to your part 2.... AFTER you leave the industry!! You know.. when you loose the fear of being fired by your bosses!! Keep me posted!!!

    • @nogatekeepers
      @nogatekeepers Před 2 měsíci

      LOL

    • @bzmrgonz
      @bzmrgonz Před 2 měsíci

      @@nogatekeepers in the meantime Wayne, could you maybe do a video on what exactly drives unscrupulous, unethical VC's to do shenanigans like, sell the land and building and turn around and rent the same assets to the company?? This is like someone putting you to perform on stage on a small rug and then sneaking up behind you and pulling that rug from under you and expect you to keep performing. Is the ROI pressure that high that VC's are forced to recoup losses by any means necessary??

    • @nogatekeepers
      @nogatekeepers Před 2 měsíci

      @@bzmrgonz Hmm I'm not sure I've seen a ton of that, although it does happen and tends to be a tier 3 VC phenomenon serving founders who unfortunately have a harder time accessing capital. I was actually planning on doing a video on why VCs behave badly, and the unique incentive structure (E.g. super long decade-plus feedback loops) that drive this

  • @josecarlosramolete6109
    @josecarlosramolete6109 Před 2 měsíci

    Sam Bankman Fried is the CRYPTO fraudster version of Elizabeth Holmes

  • @ChristopherCabo-gj4rl
    @ChristopherCabo-gj4rl Před 2 měsíci

    Better beg Biden for a pardon.

  • @sgpsimonb
    @sgpsimonb Před 2 měsíci

    Great advice. I’ve been told of a myriad of deck formats over the years and all have had an element of ‘argument from personal experience’. Your format resonates more with me than all the others so far. Rewriting my deck starts after posting this comment! Thank you!

    • @nogatekeepers
      @nogatekeepers Před 2 měsíci

      You’re welcome - thanks for the kind note!

  • @maryshellsmith6627
    @maryshellsmith6627 Před 2 měsíci

    My son lost 30K in one year on Robinhood. I’m sure he’s not the only one. Robinhood is not for investors. It is for gambling. No serious investors use Robinhood. It turned my son into a gambling addict. Real investors would never use Robinhood. He had no experience, and wanted to invest, and he turned into a trader. A gambler. It totally consumed him. All he did was focus on what was happening in the Market. The highs were high on green days, and the lows were low on red days. I think Robinhood should be mandated to warn people they could become a gambling addict when they sign up. Robinhood is PURE EVIL. 👿

  • @jeanmarc4956
    @jeanmarc4956 Před 2 měsíci

    everybody believed him cause he was white... am i allowed to say that??

  • @robertotucci5564
    @robertotucci5564 Před 2 měsíci

    Very clear and easy to watch ...

  • @MarkLaRochelle-lf9ng
    @MarkLaRochelle-lf9ng Před 2 měsíci

    Just another day in US commerce ---

  • @DhangMaker
    @DhangMaker Před 2 měsíci

    In the end is the mark that we leave on the world : Sam: "The biggest fraud in US"

  • @markcooper6000
    @markcooper6000 Před 2 měsíci

    what I can tell you people who know nothing but lying all the time hide in purity

  • @markcooper6000
    @markcooper6000 Před 2 měsíci

    buy looking carefully it looks like to me the confidence trading arbitrage at the beginning gave a strong form of confidence so later down the line he was not consciously aware of wrongdoing

  • @user-os5ps2os4m
    @user-os5ps2os4m Před 2 měsíci

    Sir how to create billion dollars startup from starch with AI

  • @DEVINdevdev
    @DEVINdevdev Před 2 měsíci

    Do they f*ck him daily over prison ?

  • @proshawn13
    @proshawn13 Před 3 měsíci

    What would you recommend I do to start getting into this industry? I have experience in mortgages and Insurnace. What material should I study or what entry level jobs do I need to get into? Appreciate your response!

  • @MikeStrup-rq4mn
    @MikeStrup-rq4mn Před 3 měsíci

    He followed in the foot steps of fellow Jews: Madoff, Sackler, and Soros.

  • @july9566
    @july9566 Před 3 měsíci

    Wait so after he raised all that capital , if he would’ve just done his job , what he was supposed to do , he’d be living the life of a baller , ultra rich , up there with bezos, musk , Zuckerberg but he chose to be a cheat ? Wow .

  • @youngyoungj
    @youngyoungj Před 3 měsíci

    Fantastic video - super clear and informative.

  • @nikolaigrin64
    @nikolaigrin64 Před 3 měsíci

    This video offers a ridiculous amount of value! Wow. Will keep you posted on the process.

    • @nogatekeepers
      @nogatekeepers Před 3 měsíci

      Thanks for the kind note, and good luck!!

  • @zikorachukwuka
    @zikorachukwuka Před 3 měsíci

    You are amazing man. Thank you for sharing so much value.

  • @asdfasdfasdf4746
    @asdfasdfasdf4746 Před 3 měsíci

    And he donated the most money EVER to democrats. Last i heard, they never gave those 'donations' back 😂