471–480 of 547 posts
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> There's plenty of CEOs (non-founders) who are billionaires. Being a business owner doesn't necessarily mean being the founder. No CEO is becoming a billionaire by collecting a paycheque. They might become a billionaire by accepting the right stock offer in lieu of wages, but that makes them the business owner again.
> No CEO is becoming a billionaire by collecting a paycheque. Yes, they can and do. Safra Catz, $2B - CEO Oracle Sheryl Sandberg, $2B - Meta Jamie Dimon, $1B+ - CEO Chase and many more (Andy Jassy, Tim Cook, Satyna Nadella, ...) https://www.forbes.com/profile/safra-catz/ https://www.theguardian.com/technology/2024/jan/18/how-shery... . https://www.businessinsider.com/jamie-dimon-career
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> There's plenty of CEOs (non-founders) who are billionaires. Being a business owner doesn't necessarily mean being the founder. No CEO is becoming a billionaire by collecting a paycheque. They might become a billionaire by accepting the right stock offer in lieu of wages, but that makes them the business owner again.
> No CEO is becoming a billionaire by collecting a paycheque. Yes, they can and do. Safra Catz, $2B - CEO Oracle Sheryl Sandberg, $2B - Meta Jamie Dimon, $1B+ - CEO Chase and many more (Andy Jassy, Tim Cook, Satyna Nadella, ...) https://www.forbes.com/profile/safra-catz/ https://www.theguardian.com/technology/2024/jan/18/how-shery... . https://www.businessinsider.com/jamie-dimon-career
Granted, Catz seems to have recently sold off a large stake of her ownership. But the cash proceeds of that sale still came from being the owner at one point, not from a salary. Nobody becomes a billionaire off a regular paycheque.
Hell, even FAANG software developer compensation is really only notable because the total package includes becoming an owner of the company. The wage portion isn't that much different than any other random tech company.
It's interesting how so many people have an aversion to being a business owner / entrepreneur, and will instead put in so much effort to optimize being a well-paid employee, instead of learning how to start and run a business. These salaries listed are great salaries, no doubt, but they are not dramatically more than say, a guy running a successful local plumbing business. And the ceiling is limited as an employee, w…
What about all the guys running unsuccessful local plumbing businesses?
Two tried and tested methods, neither guaranteed of course. 1) Be better than the overwhelming majority of your peers, and be noticed for this. You are quite likely to find interesting opportunities come your way. I do mean overwhelming though - small fraction of a percent. 2) Specialize in something most people can’t or won’t do. This includes difficult, obscure, and unpleasant work. In both cases some of the bigges…
I appreciate the sentiment, but I'll add that it is possible for difficult and obscure work to be quite pleasant, if you have the right skill set.
Two tried and tested methods, neither guaranteed of course. 1) Be better than the overwhelming majority of your peers, and be noticed for this. You are quite likely to find interesting opportunities come your way. I do mean overwhelming though - small fraction of a percent. 2) Specialize in something most people can’t or won’t do. This includes difficult, obscure, and unpleasant work. In both cases some of the bigges…
Even if you're uniquely good at what you do, a lot of companies won't reward it. You do still have to look hard for those opportunities.
I saw a 450k for a C++ dev in a HFT firm in Switzerland.
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One word. Hardware. There is limitless opportunity outside of the webtech/adtech bullshit bubble. Go create a hardware startup, it's never been easier. It's still harder than adtech bullshit was 10 years ago, but the turnkey manufacturing industry is faaaar better than all the "hardware is hard" weekly blogspam would lead you to believe.
Any hints on how to even begin looking into this? There's a plethora of content on starting SaaS projects but can't say I've ever come across any for hardware.
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> instead of learning how to start and run a business Because the stress and risks of running a small business as a solo inexperienced first time business owner are insane compared to a regular 9-5. Especially if you start hiring other people, your liability then increases 10 fold as now anything can happen with them (sick leave, absenteism, low performance, sabotage, etc) but you're still bound to the same deadlines…
isnt this the purpose of LLCs?
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There's nothing too terribly special about low level wizardry, other than you really _do_ need to understand how the hardware works, and how your language works. Oddball skills you really need to know (and can easily pick up if you have a mind to) include: a) Reading processor/part data books. These are your API docs. Most of your answers are in there if you care to look. b) Reading schematics. You don't need to be a…
This sounds like a typical embedded software engineer and I frequently see people around here complaining about the low salaries for these roles. What am I missing?