Imagine you are the CTO of a fast-growing fintech startup. Your team has spent the last six months building a custom “Payment Gateway” from scratch. It\u2019s a bit buggy, doesn’t handle international currencies well yet, and requires two dedicated engineers just to keep it running.<\/p>\n\n\n\n
At a high-level board meeting, the CEO proposes purchasing a world-class, battle-tested IP (Intellectual Property) from a major competitor that is liquidating. This IP is legendary: it’s 10x faster, supports every currency on earth, and is compliant with all global regulations. Buying it would let your team focus on the actual product features.<\/p>\n\n\n\n
The Perplexing Situation:<\/strong> Your Lead Engineer\u2014the one who wrote the original code\u2014vehemently opposes the purchase. In a heated meeting, he throws his hands up and says:<\/p>\n\n\n\n “Their codebase is ‘messy.’ It doesn’t follow our specific naming conventions! Plus, I just optimized our database query last night\u2014we\u2019re practically there. Why would we buy a ‘black box’ when we have our own high-performance engine right here?”<\/em><\/p>\n<\/blockquote>\n\n\n\n The rest of the team nods in agreement. They choose to spend another year (and another million dollars) fixing their own wobbly system rather than using the world-class one available for a fraction of the cost.<\/p>\n\n\n\n What do you think happened here?<\/strong><\/p>\n\n\n\n Sounds familiar? Share it with your colleagues!<\/p>\n","protected":false},"excerpt":{"rendered":" Imagine you are the CTO of a fast-growing fintech startup. Your team has spent the last six months building a custom “Payment Gateway” from scratch….<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[98,123,159,276],"class_list":["post-2316","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-behavioral-economics","tag-cognitive-bias","tag-featured","tag-quiz","wpcat-1-id"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/posts\/2316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/comments?post=2316"}],"version-history":[{"count":1,"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/posts\/2316\/revisions"}],"predecessor-version":[{"id":2538,"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/posts\/2316\/revisions\/2538"}],"wp:attachment":[{"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/media?parent=2316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/categories?post=2316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technicalley.com\/central\/wp-json\/wp\/v2\/tags?post=2316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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Find the answer here<\/a>.<\/h3>\n\n\n\n