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Three Paths in the Tech Industry: Founder, Executive, or Employee

blog.ycombinator.com

321–330 of 632 posts

Re: Three Paths in the Tech Industry: Founder, Executive, or Employee

#321

Earlier quoted context omitted.

Absolutely. Dave Ramsey's approach is probably my favorite. Basically, don't buy it if you don't have the money for it. https://www.daveramsey.com/

I'd say that isn't enough. Don't buy it unless you honestly believe that your life will be better for having bought it. Take the time and really think about it before making a purchase. You'll be shocked how much useless impulse buying the average person does.

Personally, it's so difficult for me to find out how to calculate value. I'm sure ultimately there is some formula thats perfect for me, but who the hell knows what it is. For instance--I've basically stopped touching my PS4, but this new game came out 2 weeks ago which I wanted to play. I figured, I'll probably get bored of it in under a week, but I bought it anyway. And of course, as predicted, I was bored within 1 week and haven't touched it.

Granted, I got probably like 10-15 hours of gameplay out of it, but there went $60 + tax. Is the $4-6 an hour to play it worth it to me? I honestly have absolutely no idea. During the game, I had fun and lost track of time, but I didn't better myself or anything, and mindlessly passed time. I guess the philosophical debate of what is worth doing is left to another conversation..

Re: Three Paths in the Tech Industry: Founder, Executive, or Employee

#322

This is rather true in practice, but I find it tremendously depressing. I have found that the executive path is actually the one that most of the scumbags take, it is the one that attracts the most people, and those people are usually not likable, they're salespeople that sell themselves all day. The third group, the one that actually creates value, is accurately represented as not as successful both in terms of mone…

a good small business/early startup is basically #1 and #3, and none of #2.

unfortunately, it is a _whole_ lot more work and a _whole_ lot more stress, and is thus the road less traveled.

Re: Three Paths in the Tech Industry: Founder, Executive, or Employee

#323

Earlier quoted context omitted.

After ~8 years living in the Bay Area (mostly Oakland & SF), I'm obliged to strongly disagree with you.

I've lived here for ~20. I was raised here. I've never paid less than 40% of my income on rent, and I've only worked in tech.

Even if that's 40% after tax and 401k withholding, you are either wildly underpaid or you live in very extravagant housing

Re: Three Paths in the Tech Industry: Founder, Executive, or Employee

#325

This is rather true in practice, but I find it tremendously depressing. I have found that the executive path is actually the one that most of the scumbags take, it is the one that attracts the most people, and those people are usually not likable, they're salespeople that sell themselves all day. The third group, the one that actually creates value, is accurately represented as not as successful both in terms of mone…

hitler had ideas about a solution, but there are enough selfish people to stop any such attempt.

you're all idiots.

Re: Three Paths in the Tech Industry: Founder, Executive, or Employee

#326

This is rather true in practice, but I find it tremendously depressing. I have found that the executive path is actually the one that most of the scumbags take, it is the one that attracts the most people, and those people are usually not likable, they're salespeople that sell themselves all day. The third group, the one that actually creates value, is accurately represented as not as successful both in terms of mone…

> the one that actually creates value

No. We all create value. Businesses, when running smoothly, are like a well oiled machine. Nothing is redundant. Garbage is collected. Businesses is cutthroat industries cannot afford to be redundant.

I always wondered why all cars had 4 wheels. Turns out, the 3 wheeled car is horrible (see Top Gear), a 5 wheeled car is pointless, and a 2 wheeled car is a motorcycle. But when you're a kid, compact jet propulsion or anti-gravity doesn't seem so difficult. But that's also why you're a kid.

I started a business thinking everyone can be their own executive, worker, and entrepreneur. They could handle their own responsibilities, manage their work, and do that work. Unfortunately, we had to go through a lot of them. Utopia wasn't working, but they were also miserable. It wasn't what they wanted, expected, or enjoyed. They all loved the idea though, including myself.

Fast forward five years, and my car has 4 wheels. I am the "founder". I decide where the business should go, lay out the work that needs to be done, and hand it over. The "executive" is then responsible for that work getting done. They hand it over to the "employees" in a way that is efficient and accountable. The third group just needs to accomplish the tasks they promised to do for the money they agreed on.

I'll see your scumbag executive and raise you my wrench throwing employee and delusional founder -- that would be me. I'd like to think 4 years ago, but who the hell knows.

If you wish to manage responsibilities, join the managers. If you wish to drive the ship, join the founders. And this is your correct career path.

An employee who believes they are better than the founder or executive is already holding a wrench.

Re: Three Paths in the Tech Industry: Founder, Executive, or Employee

#327
post #168

Earlier quoted context omitted.

I have the same background as you. Crimea, not Moscow. Americans will never understand. Our parents stood in breadlines. We are making six figures in America. It's not about wealth. It's about a culture that respects hard work, education, and opportunity.

Same background here. China, not Moscow or Crimea I worry about the next generation. They say that wealth skips every other generation, because if a child grows up in a well-to-do family, they will not value hard work as much.

my wife and i have the same concern. we fully intend to make them work as hard as we did. though theory is often more difficult to translate into actual practice. it's not feasible to move out of a good community that you spent your life working towards just so your kids can understand the meaning of what it's like to live poor, like your parents did.

Re: Three Paths in the Tech Industry: Founder, Executive, or Employee

#329
post #252

This is rather true in practice, but I find it tremendously depressing. I have found that the executive path is actually the one that most of the scumbags take, it is the one that attracts the most people, and those people are usually not likable, they're salespeople that sell themselves all day. The third group, the one that actually creates value, is accurately represented as not as successful both in terms of mone…

I have a different (admittedly controversial) take, having been on the "tech ladder" for some time now (as a Senior SWE and Lead Engineer): most individual contributors overestimate how much value they actually provide, especially in the Bay Area. That isn't to say we're not under-appreciated and under-compensated (we are both). But realistically much of the time work we do is easily done by literally thousands of ot…

Well, without radically changing the economic system, your compensation will be, at most, the cost of replacing you, and the gap between your compensation and that figure depends on the information gap, and the chutzpah with which you negotiate.

I'd wager that if developers renegotiated their contracts at the point where they were most irreplaceable on projects they would be able to extract a lot more money.

Re: Three Paths in the Tech Industry: Founder, Executive, or Employee

#330

This is rather true in practice, but I find it tremendously depressing. I have found that the executive path is actually the one that most of the scumbags take, it is the one that attracts the most people, and those people are usually not likable, they're salespeople that sell themselves all day. The third group, the one that actually creates value, is accurately represented as not as successful both in terms of mone…

I think you might bundle Founders in as super-employees. Executives place themselves above Employees but then won’t take the risks that Founders do.
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