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Ask HN: What is your biggest problem? (2022)

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Re: Ask HN: What is your biggest problem? (2022)

#31

Post by Sohcahtoa82 »

p1esk wrote: post #25
Sohcahtoa82 wrote: post #14

My biggest problem is that I dislike my job but it has potential to pay off big and allow me to retire (Or at least, semi-retire) in ~5 years off the stock options. Retiring at 45 seems pretty appealing. I could finally catch up on my massive library of games I've been wanting to play, not to mention reducing my alarm clock usage to likely 10 times a year, rather than 5 days a week.

it has potential to pay off big I hope you’re not talking about a startup lottery

I am.

And I do recognize that it's just that - a lottery. We could fail and I end up unemployed with nothing. Or a funding round could dilute my stock options to worthlessness.

Re: Ask HN: What is your biggest problem? (2022)

#32

Post by tw98521358 »

Sohcahtoa82 wrote: post #31
p1esk wrote: post #25

Earlier quoted context omitted.

it has potential to pay off big I hope you’re not talking about a startup lottery

I am. And I do recognize that it's just that - a lottery. We could fail and I end up unemployed with nothing. Or a funding round could dilute my stock options to worthlessness.

Or just regular old recession

Re: Ask HN: What is your biggest problem? (2022)

#33

Post by p1esk »

tw98521358 wrote: post #30
bad_username wrote: post #17

I recently became a solution architect after pursuing this goal for quite a number of years. I love what I do, perform well, have good work-life balance, solve cutting edge technical problems, the pay is great. Wife, kids. Healthy and fit. So, enjoy your nice life, right? The problem: am Ukrainian. It currently looks like I can get mobilized soon and go to war. If that happens, chances are that what awaits is not dom…

Is it too late to escape and help the war with money instead of sacrificing your body/life/mind?

Not too late, but not easy: https://www.dw.com/en/how-ukrainian-men-try-to-get-around-th...

Re: Ask HN: What is your biggest problem? (2022)

#34

Post by raptorraver »

johnklos wrote: post #2

Communicating with any large company. Try to tell Google, Verizon, Microsoft, American Express, et cetera, that there's something wrong with their servers, or some security issue with their site, whatever, and you'll either not be talking with real humans (Google) or you'll be trying to explain email servers to first level phone support who think that if it works for some people, then the problem has to be elsewhere.…

My friend has a startup (nonono.com) that takes customer complaints and makes sure they are heard in companies. It’s mostly for customer products so not exactly suitable for reporting ie. server issues I guess.

Re: Ask HN: What is your biggest problem? (2022)

#35

Post by p1esk »

Sohcahtoa82 wrote: post #31
p1esk wrote: post #25

Earlier quoted context omitted.

it has potential to pay off big I hope you’re not talking about a startup lottery

I am. And I do recognize that it's just that - a lottery. We could fail and I end up unemployed with nothing. Or a funding round could dilute my stock options to worthlessness.

It does not make any sense to suffer through 5+ years of unsatisfying job with (relatively) low pay, just to have a very small (Source: worked for 7 startups in the last 20 years.

Re: Ask HN: What is your biggest problem? (2022)

#36

Post by Sohcahtoa82 »

p1esk wrote: post #35
Sohcahtoa82 wrote: post #31

Earlier quoted context omitted.

I am. And I do recognize that it's just that - a lottery. We could fail and I end up unemployed with nothing. Or a funding round could dilute my stock options to worthlessness.

It does not make any sense to suffer through 5+ years of unsatisfying job with (relatively) low pay, just to have a very small ( Source: worked for 7 startups in the last 20 years.

My base salary is actually above market by a decent margin.

Total compensation is a little lower than market if you assume the options are worthless. But if we get to a $5B valuation, the value of my options would put me to a significantly over-market compensation, though not enough to retire. If we reached $30B, then that would give me ~$6M assuming no dilution.

Re: Ask HN: What is your biggest problem? (2022)

#38

Post by p1esk »

Sohcahtoa82 wrote: post #36
p1esk wrote: post #35

Earlier quoted context omitted.

It does not make any sense to suffer through 5+ years of unsatisfying job with (relatively) low pay, just to have a very small ( Source: worked for 7 startups in the last 20 years.

My base salary is actually above market by a decent margin. Total compensation is a little lower than market if you assume the options are worthless. But if we get to a $5B valuation, the value of my options would put me to a significantly over-market compensation, though not enough to retire. If we reached $30B, then that would give me ~$6M assuming no dilution.

What is the current valuation, or how much money have you raised, and how many rounds?

Re: Ask HN: What is your biggest problem? (2022)

#39

Post by Sohcahtoa82 »

p1esk wrote: post #38
Sohcahtoa82 wrote: post #36

Earlier quoted context omitted.

My base salary is actually above market by a decent margin. Total compensation is a little lower than market if you assume the options are worthless. But if we get to a $5B valuation, the value of my options would put me to a significantly over-market compensation, though not enough to retire. If we reached $30B, then that would give me ~$6M assuming no dilution.

What is the current valuation, or how much money have you raised, and how many rounds?

Our current valuation is not public. I can't disclose it.

But we've had 4 rounds of funding totaling $131M.

Re: Ask HN: What is your biggest problem? (2022)

#40

Post by p1esk »

Sohcahtoa82 wrote: post #39
p1esk wrote: post #38

Earlier quoted context omitted.

What is the current valuation, or how much money have you raised, and how many rounds?

Our current valuation is not public. I can't disclose it. But we've had 4 rounds of funding totaling $131M.

One of the startups I used to work for in the past had 3 rounds, ~180M total, shut down 2 months ago. Investors lost almost all of their money, founders got nothing. I lost 20k I paid for my vested shares.
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