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Tech layoffs are feeding a new startup surge

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Re: Tech layoffs are feeding a new startup surge

#311

Post by Salgat »

mattmanser wrote: post #279
anonylizard wrote: post #225

Earlier quoted context omitted.

"ChatGPT regularly displays "too busy" messages." ChatGPT scaled from 0 users to 100 million in 2 months. Probably millions online at any given second. Its too busy, because it literally exhausted all the GPUs Azure has as its disposal. Without the Cloud, scaling ChatGPT would have been impossible. It would have been nowhere near its current success. Remember that GPT3 was released to the public in Mid 2022, had no p…

False. It is not coping with the load. It is successful. Therefore, it did not have to be able to cope with the load to be successful. All you did is illustrate my point.

That's because ChatGPT was able to sustain service past the point of mass adoption. You're not going to scale to millions of users in a short timespan with dedicated hardware.

Re: Tech layoffs are feeding a new startup surge

#312

Post by Salgat »

never_inline wrote: post #264
Salgat wrote: post #58

Earlier quoted context omitted.

I don't understand why Google and Amazon would invest all this money in these employees building up their tech and tribal knowledge just to lay them off. Do these companies not expect to grow in the future? Seems like just freezing hiring for a year or two would save you more money in the long run rather than having to rehire and rebuild all this expertise.

We are all docker containers running on a kubernetes cluster. Can be upscaled or downscaled as needed.

That's a horrible analogy since it assumes that a brand new hire is instantly as productive as any other employee.

Re: Tech layoffs are feeding a new startup surge

#313

Post by dilyevsky »

SassyGrapefruit wrote: post #305
jdlshore wrote: post #304

Earlier quoted context omitted.

37signals disagrees. They’re moving off the cloud and have published several blog entries about the process and the approx ~1mm/yr (fully loaded) they expect to save. I don’t have a horse in this race, but it’s interesting that your experiences are so different. Would love to hear your take on their numbers. The most recent article, with lots of hard numbers, is here: https://dev.37signals.com/our-cloud-spend-in-2022…

Where are the numbers and how do they calculate them? This article lists their cloud spend in detail then "waves hands" at the Datacenter costs simply saying "it will be far far less". Ok why not break it down? I don't understand how they are going to achieve that. Does it include routers, switches, IPS's? What about the costs associated with having a physically wired network instead of a software defined network. Al…

I’ve done the modeling down to pulling actual quotes in my area and with a decent footprint (like couple hundred xxlarge instances) you break even after a year (including colo, remote hands and networking). Cost is decisively not the reason most orgs choose public cloud

Re: Tech layoffs are feeding a new startup surge

#314

Post by satvikpendem »

ejb999 wrote: post #284
satvikpendem wrote: post #208

Earlier quoted context omitted.

I guess I don't exactly understand as my experience is quite different. I have recruiters beating down my LinkedIn and email literally every day for pretty decent jobs.

>>I have recruiters beating down my LinkedIn and email literally every day for pretty decent jobs. reply A few of those jobs might even really exist! I am of the opinion that the vast majority of inquiries I get from linked in (at least 5 a week) are from scammers and brand-new or desperate recruiters just looking to collect resumes to add to their database. I pretty much ignore all linkedin inquiries at this point -…

Hm you might just not have a well filled out LinkedIn, because my experience has not been like yours at all. Most of my jobs have been from LinkedIn recruiters.

Re: Tech layoffs are feeding a new startup surge

#315

Post by satvikpendem »

weatherlite wrote: post #232
satvikpendem wrote: post #208

Earlier quoted context omitted.

I guess I don't exactly understand as my experience is quite different. I have recruiters beating down my LinkedIn and email literally every day for pretty decent jobs.

> I have recruiters beating down my LinkedIn and email literally every day for pretty decent jobs Some companies (not many) are still recruiting, and there's now a massive amount of laid off people fighting for those jobs. Just because some recruited spammed you doesn't mean it would have been easy to get an offer...

Yeah we'll see how the market goes then.

Re: Tech layoffs are feeding a new startup surge

#316

Post by lsferreira42 »

asim wrote: post #117

Happy to help anyone starting up. I raised a couple mil in seed funding for an open source project after bootstrapping for a few years. I'm sure the YC crew would be more helpful but I got rejected by YC like 8 times and took the direct route to funding. We built this https://M3O.com . It was based on this https://github.com/micro/micro Just happy to help given my own tough experiences. Pitch deck reviews, intros, et…

Happy to see you here, i love the idea of your app, but on my tests i had a poor experience, with latency, speed of execution and with your responses. it seem unmaintaned, what is tha state of the company today?

Re: Tech layoffs are feeding a new startup surge

#317

Post by andsoitis »

yunwal wrote: post #267
andsoitis wrote: post #260

Earlier quoted context omitted.

How are you calculating its current value, given its finances are now private and it is not traded on the open market?

Financial institutions that own significant equity in twitter still publish their valuations https://www.axios.com/2023/01/29/fidelity-cuts-twitter-valua...

Ha! Interesting. Thanks for that, I stand corrected.

Re: Tech layoffs are feeding a new startup surge

#318

Post by est31 »

ryanSrich wrote: post #218
est31 wrote: post #110

Earlier quoted context omitted.

Ideally if you are a senior big tech employee you are not living paycheck to paycheck any more, so you could endure a few months of not being employed. And even then, if you are good and have a network, you would find employment very quickly if a startup fails, unless there is some event that causes all startups to not look for new employees. The problem with startups is I think more around the stock options trap (sh…

> endure a few months of not being employed What kind of insanely high growth business is going to either generate enough revenue for a Sr. Dev's full yearly salary (or close to it) or lead to investment in just a few months? Even if you're an insanely well connected person it's going to take more than a few months to put together a pitch deck and a POC for a new business and then raise enough money to pay yourself a…

I think the context is about joining startups as employees, where the startup pays you a wage from the first day. Of course startups where you don't receive wages in cash are different.

Re: Tech layoffs are feeding a new startup surge

#319

Post by asim »

lsferreira42 wrote: post #316
asim wrote: post #117

Happy to help anyone starting up. I raised a couple mil in seed funding for an open source project after bootstrapping for a few years. I'm sure the YC crew would be more helpful but I got rejected by YC like 8 times and took the direct route to funding. We built this https://M3O.com . It was based on this https://github.com/micro/micro Just happy to help given my own tough experiences. Pitch deck reviews, intros, et…

Happy to see you here, i love the idea of your app, but on my tests i had a poor experience, with latency, speed of execution and with your responses. it seem unmaintaned, what is tha state of the company today?

Product is on autopilot, company ran out of money and couldn't raise further funding. I'm not offering help to find product/market fit and not showing these things to sell the product. Just offering help to fellow founders trying to get something off the ground. I managed to do that part.

Btw sorry for your issues with the product. We were a small team, we raised $2m in 2019, but didn't launch that product until 2021. We just didn't have enough time to execute on it effectively.

Re: Tech layoffs are feeding a new startup surge

#320

Post by asim »

ahstilde wrote: post #271
asim wrote: post #117

Happy to help anyone starting up. I raised a couple mil in seed funding for an open source project after bootstrapping for a few years. I'm sure the YC crew would be more helpful but I got rejected by YC like 8 times and took the direct route to funding. We built this https://M3O.com . It was based on this https://github.com/micro/micro Just happy to help given my own tough experiences. Pitch deck reviews, intros, et…

> I'm sure the YC crew would be more helpful but I got rejected by YC like 8 times and took the direct route to funding. Sounds like you were successful without giving up 7+% of your company.

Depends on the measure of success. Might have been able to shrink the timelines on everything if I had a sounding board and people on my side with prior experience. They just didn't think I was worth the time.
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