Earlier quoted context omitted.
I made the move to the Bay Area with a family in my 30s. It’s not perfect, but we’re saving dramatically more than we could anywhere else. I don’t know how long we’ll stay, but at this rate 5 years would be enough to set us up really well almost anywhere else in the US. I wish I’d gotten into software sooner. If you come out here at 22, live with roommates and stay until you’re 30, you probably take anywhere from $40…
Spending your entire life as a young adult doing that sounds dystopian. May that never become the norm.
How the Valley treats experienced people
361–370 of 508 posts
Re: How the Valley treats experienced people
#362Re: How the Valley treats experienced people
#363Earlier quoted context omitted.
I've tried. It doesn't work too well. I'm too used to my big monitor at home, and my build/test farm.
The monitor, okay, but can’t you access your build/test farm remotely?
Re: How the Valley treats experienced people
#364Re: How the Valley treats experienced people
#365Earlier quoted context omitted.
> I'm guessing companies assumed he'd leave in 3-5 years and didn't want to invest the time. 3-5 years is a pretty long stretch in this industry. The longest I’ve ever held a job is just barely 5 years. Most tech employers— at least the smart ones— know the average bounce rate in the industry is high. Older employees tend to value stability, for various reasons. So I don’t buy your argument. If there’s a reluctance t…
>3-5 years is a pretty long stretch in this industry. That's a rather SV-centric view. Otherwise 5-10 years (or longer) is quite normal, including in tech. At many companies, a bunch of 3 year stints for a job candidate is something of a red flag.
Re: How the Valley treats experienced people
#366Earlier quoted context omitted.
Me too, I went all in on Apple stock when the iPhone was announced, on margin I was so convinced. Sounds great right? Well broker sold everything during the 2008 meltdown and lost everything.
I learned something new. A broker can sell your stock without your consent?
Re: How the Valley treats experienced people
#367Earlier quoted context omitted.
Me too, I went all in on Apple stock when the iPhone was announced, on margin I was so convinced. Sounds great right? Well broker sold everything during the 2008 meltdown and lost everything.
Sounds like the broker had to sell everything because you went below your required margin ratio. A typical margin ratio is 50%, and AAPL collapsed by more than 50% during the 2008 meltdown, so it sounds like you got margin called. If that is indeed what happened then that's on you for buying on margin (which is inherently riskier), and no fault of the broker. If that's not what happened, and the broker executed trade…
Re: How the Valley treats experienced people
#368Earlier quoted context omitted.
In your 20s? Who cares. Living with others can be fun. And those 1.5k in rent places are quite nice, they're just not spacious.
Almost nobody who can afford it chooses to live with roommates after college. People do it because they're financially distressed (relative to their locality). They can't both live alone and save money comfortably. Professionals do it in cities like San Francisco and New York because early-career professionals in those cities are financially distressed relative to property owners in those cities.
There are many young software engineers working at Google/Facebook who would be able to save significantly more than the median US household income per year while renting their own place but still choose to live with roommates.
Re: How the Valley treats experienced people
#369If one thinks 35+ is to old to code, well I have news for you. At 35+ you learn how to manage time and prioritize better. Life throws another ranch in your bucket of problems, marriage and children. When you are young, you are hired as an engineer to work 40 hours, which we all know very well that working for startups that means 80 hours or you are not putting good effort. Well with a family that’s not possible, as y…
Re: How the Valley treats experienced people
#370I kind of feel like the author is referring to Zuckerberg's famous comment about young people being smarter. I don't remember the exact quote, but it was suitably shocking and stupid so it's a candidate anyway. The thing I like about Rachel's take on this is that she gets right to the key thing: regardless of what field you're in, or how you spend your time, the vast majority of us are going to be neither horrible fa…