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Ask HN: How do you earn your money?

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41–50 of 154 posts

Re: Ask HN: How do you earn your money?

#41

After finishing my Master's degree, I had a couple of options (company offers, a startup idea plus co-founder, a four-year research position). I chose the research position, which cumulated in a PhD thesis. Afterwards, I worked for a company for six months in NLP and machine learning. Now I am in a research position again in a different university. The pay check may not be as good as working in some companies, but wo…

Thanks for adding an academic perspective on what is mostly an industry-centric discussion :) I struggled myself with choosing work at a startup VS going for a PhD after my Masters, ended up taking the job. I love it but still think about going back to school every once in a while. I miss the whole experimental side of academia, having loose goals and being able to fail miserably without risking somebody else's investment.

Re: Ask HN: How do you earn your money?

#44
I choose who I work for by these attributes:

1) does the company provide a product or service that makes a world a better place? (e.g. Nest, Tesla would qualify)

2) are my potential colleagues great people that I will enjoy spending time with and learning from? (it's miserable to work for miserable people)

3) will the company pay me a market wage such that I can provide for myself and my family

Re: Ask HN: How do you earn your money?

#45

I've been in software development for 20 years now. Started to work as a student at a top consulting firm in my country, at the expense of dropping out of CS studies - real work (and earning good money) was so much more interesting than studying. After that I switched a couple of regular jobs and enjoyed every single one of them: working on real-world problems (electronic banking, multimedia production) together with…

> My carrier was interrupted by unexpectedly getting stuck in remote mountains of east Tibet for almost two years. After returning home I felt professionally disoriented and took on a couple of terrible freelance gigs, working for a year like crazy and earning about 2 EUR per hour (in EU) because of feature creep on a fixed amount project.

Almost exactly my situation at the moment. Hoping to get to where you are!

Re: Ask HN: How do you earn your money?

#46
I compete with people who are willing to work for $1/hr, on freelance sites like oDesk - occasionally someone picks me so I earn few bucks to get by. If I try to charge more people usually accept workers who charge the same amount as me but are from more western countries.

Ideally I'd settle for some junior dev type of position with reasonable(read: low/acceptable) salary, but without college degree and living in Europe, but not EU (thus no work permits for those), there's small chance of that happening - I've tried and eventually gave up on that...

Oh and today I got sued by govt for failing to send in (literally) an empty paper for my previous company and I'll (most likely) have to pay an equivalent of one month american-level-salary fine. So I've got that going on in my life too, which isn't really the best situation you want to be in if you earn your money like I do...

I don't even know why I'm writing this, I don't have any tips or suggestions for you, and even if I had you can see from the above that I'm probably not the best person to give out advice. And I understand what you're saying but... things could be worse.

You at least have options: build dreams for yourself, or for others. There's nothing stopping you (as far as I can tell) from working on both your projects and/or for someone else.

Re: Ask HN: How do you earn your money?

#47
I've been developing professionally for about 4 years now and I've tried a 10,000+ company, a 40 person company, a 2 person startup, and now back to a large corporation (with plans to continue the startup).

It's ok to make mistakes, keep learning skills (even if you don't make a lot of money), know your worth, and never give up your dream. You can't do a startup if you have lots of time but have no money to survive, and you can't do a startup if you're making someone else's dream and you have no time of your own. So find the right balance and do what makes sense.

Re: Ask HN: How do you earn your money?

#48
Looking back over my career, it seems to me that I mostly warm chairs and surf the web while in the offices of software companies. Occasionally they ask me to code something, and I do it. I'd say that accounts for less than 10% of the time I've spent in the office. This is across 4 companies and 15 years. I did the most work at the one that was a startup.

As for your feeling about your situation, I think there is a pretty clear pyramid scheme whereby older people get younger people to build their pyramids for them. The idea is that people with a lot of experience lead, and provide their workers an opportunity to gain experience. I think that's partly true, but it's equally true that there are elements of human nature, ageism, and taking advantage. Perhaps it's just positioning - whether it's the older leveraging the younger, the more vigorous leveraging the more passive, or risk-takers leveraging the risk-averse, no matter how you rationalize it, in the end you will find a small number of people in a position where they're either making huge amounts of money or expecting to, and a large number of people just making whatever the ordinary wage is for their job.

Re: Ask HN: How do you earn your money?

#49
post #38

>> work hard, good grades, get a job seems to be bit of a misnomer unless you're happy building things to make others wealthy whilst you earn £30,000 a year? The UK is terrible for salaried developers. The industry here (like everywhere I guess) continues to moan about a lack of technical talent, but it's no surprise given how low the compensation is. The US and Australia both value tech talent far more. And the mone…

The UK is actually on par with US, if you accept to work in a "at will" arrangement. Let's say London is about the levels of New York in terms of compensation.

Re: Ask HN: How do you earn your money?

#50
My personal experience is this: writing software is easy, building a business is hard. I love writing code, I hate doing A/B testing / funnels, SEO blog posts, drip marketing, calculating LTV/UAC and all that, I'm not good at it + I don't like it.

and I also hate getting delayed results, when I code at my day job, I see results immediately, although it's gradual, it's still a direct feedback to my actions, I put code, I get working software, I do a code review, I get immediate feedback and quickly implement it.

So unless you are ready to do the business side of things (or know someone who is good at it and likes to do it) then doing someone else's dream is probably a good choice. As long as they pay you what you deserve. (how do you know what you deserve? take the highest salary you find for your role in indeed.com or glassdoor / payscale, and ask for it in your current / next job). There is no other way to know.

But if you are OK with delayed gratification, have a LOT of patience, are willing to speak with customers, do sales, experiment, do follow up calls, accept failure again and again and still try to make it work by changing one aspect (AKA pivot). If you are willing to lose some money to gain money later (e.g. pay for some failed ads just to know the click through rate and validate an idea), and if you are OK working your a off with potentially zero gain for a long time, then you should probably start your own business (even if you don't have an idea, find someone who does, or take an existing idea and do it better)

Even doing freelancing can work, all you need is someone (can be you) who can bring customers, and someone (can be you) who can keep those customers happy in a good hourly rate without too many non billable hours.

My advice to my younger self - try it while you can, it's harder for me now with a family to stop it all and start my own thing.

You always can do the side project thing, but don't expect it to become your main income source without either a lot of work or a lot of luck. I had a few side projects some of them made money, but it was a lot of work to maintain.

Look at the successful startups out there, yes there is a lot of execution and technical talent that drives their success, but I say this is not the main reason they are where they are, it falls down to ability to get users to come and ability to get users to stay.

I see those companies fall into one of 2 types - either they have a very high growth curve (the "Viral" / network effect startups) which are statistically very hard to re-create (getting users is REALLY, REALLY, HARD, a single Show HN in the front page + a techcrunch review + good SEO is not enough. You also need people to keep returning to your product, and tell more people about it) these include free products like Facebook, or market places like AirBNB - they need lot's of users to make it work

The other type is startups that sell something (product / service, one time or subscription), in this case you can have revenue from day 1, so I would recommend this route, but it is known to have a very slow ramp up [0]

As popular to say, YMMV... but this is my personal view on this.

[0] http://businessofsoftware.org/2013/02/gail-goodman-constant-...

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