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Cake day: June 8th, 2023

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  • Whenever the topic comes up with leadership, I try to explain it in financial terms.

    Tech debt is just like financial debt. There are times when its appropriate and necessary to take on some debt. But debt accumulates interest charges. If we just keep building up more debt without ever paying it down, it’ll eventually bankrupt the company.

    The engineering team doesn’t always know when the finance team is accumulating debt or paying it back, but we trust that they are doing so appropriately.

    You don’t always know when the engineering team is accumulating or paying off debt, but you need to trust that when we say we need time to to pay down tech debt, we’re serious. We’ll all be out of a job if we don’t.

    They don’t usually like to hear it, but when put in those terms, they don’t have an argument against it. I’m sure if we could provide a statement showing we had $478,562.78 in tech debt at 4.75%, they’d be more understanding about paying it down.