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State of Startups

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81–90 of 122 posts

Re: State of Startups

#81
post #24

Interesting answers on lack of gender diversity in IT: Most of the men believe the reason is that there just aren't that many women entering the field, while almost all the women blame bias at various stages of education, hiring and promotion. Someone has a cognitive dissonance.

Well, those aren't exclusive options. It makes sense that fewer women would enter the field if they think they're going to be subjected to rampant discrimination.

Re: State of Startups

#82

Earlier quoted context omitted.

Yes but you (generally) get other things like universal healthcare, free or cheap university, retirement plans, no need for a car due to proper urban planning, etc. In the US you have to shell out for all these things, paying into a private 401(k) for retirement, paying back student loan debt, paying for your health insurance etc. And these are at well funded tech firms.

That healthcare in europe or any of the social security systems are better is just left-wing propaganda. My health insurance costs me 270$/m whereas in my home country Germany I would have to pay 15.6% which is limited to 678.60€(721.61)/month in the government health insurance. There is predictions and plans that the government retirement insurance mandatory fee will increase to 23-25% in 2030(Currently ~19%). That'…

You're missing the crucial fact that you pay half and your employer pays the other half! From an employee point of view it's 8.4% for health insurance and 9.35% for pension (how much are you contributing to your 401k?).

Public health insurance also covers your spouse and children for free, along with any pre-existing medical conditions. Having to cover my wife's minor pre-existing condition basically ruled out ever living in the USA for us.

Re: State of Startups

#84

> 9. Are you optimizing for growth or profitability? > Profitability - 39% > Growth - 61% This is what happens when your business goal is to get acquired and not to have a business sustained by paying customers.

I was told by a VC just the other day that investors want you to get bought.

Maybe, when you start a business, instead of all this bickering about what is bad startup behavior, you just define whether or not you think you want to get bought or go on your own, and act accordingly.

Re: State of Startups

#85

> 9. Are you optimizing for growth or profitability? > Profitability - 39% > Growth - 61% This is what happens when your business goal is to get acquired and not to have a business sustained by paying customers.

If you want to create a big company, there are only two options: 1) grow fast, 2) grow slowly for multiple decades. The latter is riskier because of constant landscape changes and the fact that you only have a 100 years (optimistic) of life.

Re: State of Startups

#86
post #33

Earlier quoted context omitted.

I don't think it's cognitive dissonance if two different groups believe separate things. Only if one group believes two conflicting things. Being wrong (whichever side that may be) isn't cognitive dissonance.

More likely both sides are right to varying degrees. It doesn't have to be black and white, nor are those two issues mutually exclusive.

This is too rational to be correct.

Re: State of Startups

#87

“One of the problems with raising money is it teaches you bad habits from the start,” said Jason Fried, the co-founder of the software company Basecamp, who has written frequently on the perversions of the venture capital industry. “If you’re an entrepreneur and you have a bunch of money in the bank, you get good at spending money.” But if companies are forced to generate revenue from the beginning, “what you get rea…

I've worked at startups that have taken no money (0) and those that have taken boat loads (Hundreds of Millions).

I made much more money from the former situation.

Re: State of Startups

#88

Earlier quoted context omitted.

that's partially true, but you forget european countries usually have higher tax than US (not only income tax, but also VAT, fuel tax, etc). here in London a mid-level engineer, which I assume is the bottom half of senior software engineers, are typically paid £50-£60k/year in startups, which usually have poor pension schemes. £50k is about $60k and you already start paying for 40% tax for the top £10k of your salary…

There are the places that pay and places that don't pay. Your numbers in London suggest that you should look better and negotiate harder ;)

I was talking about mid-level engineers in startups, not senior engineers in banks, if you want to compare big employers, £80-£120k is nothing compared with $250-300k you get as senior developer in Silicon Valley.

Re: State of Startups

#89
There's a disconnect between founders who want to build a startup and founders who want to build a business. They think the two are the same but they're really not and this study clearly shows that. There are situations where startups turn into businesses but I'd rather build a profitable business for myself from the start and our team than to build a startup purely focused on "growth".
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