tl;dr: watch your runway, pivot earlier, capture customers aggressively.
The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
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Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
#92Here's him making the same exact kinds of claims in 2011. He called himself (or claimed that people called him) the 'undertaker' back then: https://www.pehub.com/2011/08/silicon-valley%E2%80%99s-under...
"We are busy as beavers. We’re doing two to four deals a week."
You weren't exaggerating.
Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
#93Earlier quoted context omitted.
At 100k year (cheap for an engineer!) that is about a weeks wages.
Cheap for an engineer in some parts of the USA. Can we please stop pretending that (what are in most of the world) large amounts of money are actually small potatoes. It is not ignorance, you know you're better off than the rest of us so please stop pretending like it's nothing.
that's a typical engineer salary in a funded startup or a big tech company in basically any U.S. city that has funded startups or big tech companies.
I know engineer pay is lower in some other countries. UK comes to mind as particularly awful for engineer pay. Still, the context of the discussion is in how much it costs _the company_ not how much it costs the engineer. It's small potatoes for a company.
Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
#94I would much rather Mr Joyboy ("The Loved One", 1965) be my undertaker. https://www.youtube.com/watch?v=-edybFkBiO4 ... what class!
Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
#95> It’s across the spectrum really, B-, C-, D-, E-stage companies. We’ve shut down three or four unicorns.
Anyone know what these 3 / 4 "Unicorns" are?
Also, isn't the term "unicorn" use to refer to wildly successful startups that have very low chance of failing? This sounds like an oxymoron...
Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
#96Earlier quoted context omitted.
At $1500 for a chair, no wonder these startups are failing.
Something something it's literally impossible to hire engineers who aren't showered in toys and treats. But yeah, I generally agree with you. I like my fancy chair because I spend an awful lot of time in it every day, and I'm tall (6'6"), so most chairs are pretty uncomfortable for me and my lower back already sucks.
I'm 6'3" and completely screwed up my lower back from rowing. In 2013 I had got to the point where I could not sit down at a computer for more than 10 minutes.
After four years of swimming 3-4x/wk, my back is now totally fine! Highly recommended.
Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
#97Earlier quoted context omitted.
At $1500 for a chair, no wonder these startups are failing.
$1500/1920 work hours a year = $0.78/hr. Seems reasonable to me.
> $1500/1920 work hours a year = $0.78/hr. Seems reasonable to me.
If that sounds good to you, consider $150/1920 instead for a thought experiment! Sounds about fair for someone like me who assuredly could work for years on end sitting on a rock or any random plastic chair outside Hanoi for all I care.. I'd be madly paranoid about spilling coffee or such sitting in a 1500 piece of furniture
Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
#98> It’s across the spectrum really, B-, C-, D-, E-stage companies. We’ve shut down three or four unicorns. Anyone know what these 3 / 4 "Unicorns" are? Also, isn't the term "unicorn" use to refer to wildly successful startups that have very low chance of failing? This sounds like an oxymoron...
Unicorn = Billion dollar valuation.
Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
#99> It’s across the spectrum really, B-, C-, D-, E-stage companies. We’ve shut down three or four unicorns. Anyone know what these 3 / 4 "Unicorns" are? Also, isn't the term "unicorn" use to refer to wildly successful startups that have very low chance of failing? This sounds like an oxymoron...
Unicorn typically refers to a startup that at one time had a valuation of over $1 billion.
Re: The ‘Terminator’ of startups says he’s seeing two to four wind-downs a week
#100Earlier quoted context omitted.
$1500/1920 work hours a year = $0.78/hr. Seems reasonable to me.
> $1500/1920 work hours a year = $0.78/hr. Seems reasonable to me. If that sounds good to you, consider $150/1920 instead for a thought experiment! Sounds about fair for someone like me who assuredly could work for years on end sitting on a rock or any random plastic chair outside Hanoi for all I care.. I'd be madly paranoid about spilling coffee or such sitting in a 1500 piece of furniture
I write to you from an Aeron chair I acquired from a failed startup in 2001. I've gotten almost 16 years out of it so far, and I spend at least 8 hours a day 5 days a week in it. I've spilled coffee and food on it, and was able to clean it with just a bit of Dawn detergent and a hose.
I'm not willing to compromise on my health or my working conditions. Too old for that. Spend money on things that make your life more comfortable or easier when you can.