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The tech sector teardown is more catharsis than crisis

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Re: The tech sector teardown is more catharsis than crisis

#241

Post by SemanticStrengh »

mathgladiator wrote: post #188
dageshi wrote: post #28

Earlier quoted context omitted.

What goes up must come down (at least a little bit). Stocks ran up A LOT during covid, it couldn't continue forever and it didn't. People who felt rich because they made a ton of paper profits on the stock market now feel poorer because they have paper losses in the stock market. That and inflation of course is really taking money out of peoples pockets. Real world things that effect the way people act have occurred.

Yep, I feel it. I was about to impulse buy a deck, and then after looking at the market decided not to. I'm not alone in tightening spend.

this is those kinds of mob behaviours that induce crisises, the self-fulfilling cause of a crash of consumption that will then actually make you need to tighten spending. The first initiators are the most responsible.

Re: The tech sector teardown is more catharsis than crisis

#242

Post by rco8786 »

neill wrote: post #81
rco8786 wrote: post #68

Earlier quoted context omitted.

Why? Because it’s higher than you’re used to seeing? You don’t even know what role that person was applying for. Is your position that 380k is just “too high”, period? That number (or higher) has been the norm at a huge swath of stable and profitable tech companies for a decade+. I am making an assumption that 380 is total comp and not base salary. I don’t believe that Coinbase is paying 380 base salary for any non-e…

I asked what the role was in the comment you are replying to. Do you have data to back up the "huge swath" assertion? Certainly there are a few individual companies that have been able to provide specialized roles a $380k base salary, and companies who have been able to provide that and above on total comp thanks to an amazing run on equity value over the past 10 years. I don't think anyone is arguing that there are…

OP has clarified that it’s total comp and not base salary, as I had assumed. This is absolutely not out of the norm for engineering compensation at publicly traded companies. Levels.fyi has all of that data readily available.

Re: The tech sector teardown is more catharsis than crisis

#243

Post by SemanticStrengh »

idealmedtech wrote: post #84
SemanticStrengh wrote: post #30

Earlier quoted context omitted.

off-topic: Since you made idealmedtech, you should be interested in publicising the effect of ALCAR on glycemia/insulin. Since it nudge the mitochondria to increase the ratio of lipids/fatty acid consumption and reduce the consumption of glucose, it is very positive for the protection of both kinds of diabetes, in a side effect free manner. The number of lives/quality of life that could be saved if this information w…

We're not really in the business of drugs/supplements, so unfortunately I can't comment on the efficacy of ALCAR and other drugs on the treatment of diabetes. If you have any papers on the topic, feel free to email me (linked on my profile) and I would be happy to discuss when there's time! Also, as much as I wish we had any sort of platform through idealmedtech.com, our traffic is quite low, mostly from investors an…

well take a look at this for example https://pubmed.ncbi.nlm.nih.gov/19620516/

Re: The tech sector teardown is more catharsis than crisis

#244

Post by dageshi »

SemanticStrengh wrote: post #241
mathgladiator wrote: post #188

Earlier quoted context omitted.

Yep, I feel it. I was about to impulse buy a deck, and then after looking at the market decided not to. I'm not alone in tightening spend.

this is those kinds of mob behaviours that induce crisises, the self-fulfilling cause of a crash of consumption that will then actually make you need to tighten spending. The first initiators are the most responsible.

It's cause and effect. You can't convince people not to worry about things they're worried about.

Re: The tech sector teardown is more catharsis than crisis

#245

Post by UncleMeat »

arcticbull wrote: post #238
UncleMeat wrote: post #233

Earlier quoted context omitted.

The point is that it isn't repeatable. Saying "oh I made bank investing in Tesla" is not useful information for another person making a decision now. Similarly, "Google stock went up dramatically between 2018 and early 2022 is not useful information for somebody who has offers in hand today from various corporations because they have absolutely no way of predicting future stock growth.

It's not about assuming that past performance equals future performance. With that attitude, nobody should invest in anything. It's about bringing an investor mindset. Do your own analysis, make your own projections. It's literally half your paycheck, you owe it to yourself. It won't perform the same, sure, but your job as an investor is to analyze the quality of that investment. Will it go up or down? How much? What…

An effective investor mindset is to buy the whole market and forget it. Doing your own projections and trying to choose a particular company based on your belief that it’s stock will go up 150% over the next few years is a thing that virtually zero people can do effectively.

Re: The tech sector teardown is more catharsis than crisis

#246

Post by UncleMeat »

throwaway_goog wrote: post #240
UncleMeat wrote: post #167

Earlier quoted context omitted.

> After 3-4 years in a staff role you can easily be making $1-2M/yr. Refreshes exist but this is a total lie. I'm staff at Google. Nobody at L6 is making $1M in annual compensation, even if they have their sign-on equity and three refreshes. Let alone $2M.

L6 @ Google, personal AGI last year (not counting capital gains or spouse's income) was just over $900K. You forget the massive stock-price appreciation between 2020 and the end of 2021. If you were granted $400K/year in stock compensation in March 2020 it was worth over $1M/year in Dec 2021.

As I mentioned in the other thread, I do not think it is useful to use grant price when discussing comp with other people because it is not actionable. People joining Google today cannot rely on another 200% stock growth.

And even if you managed to hit your sign on grant at just the right time, you still were below the proposed “easily 1-2M”.

Re: The tech sector teardown is more catharsis than crisis

#247

Post by idealmedtech »

SemanticStrengh wrote: post #243
idealmedtech wrote: post #84

Earlier quoted context omitted.

We're not really in the business of drugs/supplements, so unfortunately I can't comment on the efficacy of ALCAR and other drugs on the treatment of diabetes. If you have any papers on the topic, feel free to email me (linked on my profile) and I would be happy to discuss when there's time! Also, as much as I wish we had any sort of platform through idealmedtech.com, our traffic is quite low, mostly from investors an…

well take a look at this for example https://pubmed.ncbi.nlm.nih.gov/19620516/

That's fascinating! Insulin sensitivity is an incredibly complex mechanism, and is always in flux. Hyperinsulemic clamps are one way to measure the boundaries of insulin sensitivity, but doesn't really help you understand the day to day individual dynamics very well. Like I said, drugs are _not_ our area of expertise, so I can't comment much more than that.

State of the art treatment these days (at least in artificial pancreas land, where I spend all of my time) is more focused on sensitivity-agnostic treatment; figuring out the insulin sensitivity dynamically rather than trying to control the sensitivity itself (it's much more multifaceted than a few hormones, we're talking hundreds of possible ways it can change).

Also, and I'm sure the authors would acknowledge this, n=32 is enough to demonstrate a possible effect, but not nearly enough to show this effect in the population at large. You usually need n~5000 or more for such effects to be shown generally, though the actual number depends a lot on the drug and what you're trying to treat.

We're conducting our first human study at a world renowned US diabetes center soon, I'll see what our PI thinks of this work. Thanks for sharing.

Re: The tech sector teardown is more catharsis than crisis

#248

Post by onlyrealcuzzo »

IMTDb wrote: post #214
onlyrealcuzzo wrote: post #200

Earlier quoted context omitted.

Define FAANG. Facebook, Apple, Amazon, Netflix, and Google employ <1M engineers in the US. There are 4.4M engineers in the US.

That does not change the point that most of the engineers earning insane salaries are working for FAANG There are 4.4M engineers in the US, but almost all of them make far less than the one working for FAANG.

Fair point.

I didn't know we were talking exclusively about engineers in the top 5% of pay or so.

I thought this was about engineers in general.

Re: The tech sector teardown is more catharsis than crisis

#249

Post by arcticbull »

UncleMeat wrote: post #245
arcticbull wrote: post #238

Earlier quoted context omitted.

It's not about assuming that past performance equals future performance. With that attitude, nobody should invest in anything. It's about bringing an investor mindset. Do your own analysis, make your own projections. It's literally half your paycheck, you owe it to yourself. It won't perform the same, sure, but your job as an investor is to analyze the quality of that investment. Will it go up or down? How much? What…

An effective investor mindset is to buy the whole market and forget it. Doing your own projections and trying to choose a particular company based on your belief that it’s stock will go up 150% over the next few years is a thing that virtually zero people can do effectively.

Except that you are literally investing a large chunk into the company you are going to work for. So while you may take that approach with your discretionary income, you are taking a different stock-picking approach joining a company that offers equity compensation. Unless you join Netflix.

So while you're saying one thing here, you're actually doing another.

Re: The tech sector teardown is more catharsis than crisis

#250

Post by DebtDeflation »

weatherlite wrote: post #234
DebtDeflation wrote: post #89

Earlier quoted context omitted.

1) Save money (get your expenses under control) 2) Keep some of your portfolio liquid 3) Prepare to hunker down at your current job for awhile (lose the job hopping mindset for the time being if you have it) On the other hand, consider that the time immediately after a recession passes can be a great time to do something new, start a business, etc. as you will be getting in early on the next business cycle.

> 3) Prepare to hunker down at your current job for awhile (lose the job hopping mindset for the time being if you have it) I just got a pretty good offer and I don't know what to do - I am a bit worried I will be the first to be downsized if things go south. The company seems to be doing well and has IPO'ed so there's that. On the other hand no one can guarantee that my current startup won't struggle in the coming y…

I think you hit on the two key points. LIFO is definitely real, and the last to be hired are often the first to be fired. OTOH, you have to look at the financial stability of the new company vs the old, if the newer is on substantially better footing it may outweigh the LIFO effect.
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