Ask HN: Is it possible to make FAANG salaries without working there?

Post by datahack » Sat, Jul 27, 2024, 6:53 AM UTC

keiferski wrote: post #221

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…

Post by neupsh » Sat, Jul 27, 2024, 4:13 PM UTC

datahack wrote: post #541

keiferski wrote: post #221

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…

Everyone is a genius for taking the safe employee path until we have a bad economy and the layoffs come. It’s been a LONG time since that’s happened. Just remember that.

Post by sarimkx » Sat, Jul 27, 2024, 5:06 PM UTC

Rinzler89 wrote: post #234

keiferski wrote: post #221

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…

> 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…

Post by sarimkx » Thu, Aug 01, 2024, 9:14 PM UTC

sarimkx wrote: post #545

Rinzler89 wrote: post #234

Earlier quoted context omitted.

> 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…

This. Working for a big company in the US is massively underrated. Over time, most people working in these companies will be much better off financially and with less stress/health issues. The silicon valley/tech bubble over-romanticizes entrepreneurship without realizing its NOT for everyone. For every 1 success story you hear about entrepreneurship, there are 50-100 that fail. The stress and anxiety is not somethin…