What is up with that site giving me three seperate popups warning me that the site uses cookies
Thanks GDPR!
SpaceX alums are branching out and shaping the startup economy
41–50 of 283 posts
Re: SpaceX alums are branching out and shaping the startup economy
#42Earlier quoted context omitted.
OpenAI is roughly 375 people, I don't know how big Anthropic is but I assume similar. I think the person you're replying to is wondering why the other 25 million of us aren't doing the same.
The money at FAANG is really hard to beat on a risk adjusted basis (though that risk factor is increasing with the layoff spree). From a financial perspective it is much more probable to become a millionaire through a FAANG than a startup right now.
It is also much more probable to become a multimillionaire through a startup than a FAANG
Re: SpaceX alums are branching out and shaping the startup economy
#43Earlier quoted context omitted.
The money at FAANG is really hard to beat on a risk adjusted basis (though that risk factor is increasing with the layoff spree). From a financial perspective it is much more probable to become a millionaire through a FAANG than a startup right now.
It is also much more probable to become a multi millionaire through a startup than a FAANG
It remains to be seen if this is true when interest rates aren’t at nearly 0%.
Re: SpaceX alums are branching out and shaping the startup economy
#44Earlier quoted context omitted.
My company immediately sues anyone who leave to join a competitor, and even more viciously attacks I would assume if someone were to actually start a competing business.
So do Elon's companies: https://www.engadget.com/tesla-sues-engineer-dojo-trade-secr... https://www.businessinsider.com/tesla-lawsuit-supercomputer-... https://techcrunch.com/2018/06/20/tesla-sues-former-employee... --- I think the key is that these startups aren't competing with SpaceX, but are rather SpaceX-adjacent. There is also a uniqueness to the industry that SpaceX operates in, in that everyone is basically t…
>> My company immediately sues anyone who leave to join a competitor
> So do Elon's companies
Sorry to be pedantic, but there is a big difference between "sues anyone", and Tesla suing what must be a small percentage of leavers.
And your links describe lawsuits not for "leaving and joining a competitor", but for sabotage and trying to walk out with trade secrets, schematics and code.
Re: SpaceX alums are branching out and shaping the startup economy
#45Re: SpaceX alums are branching out and shaping the startup economy
#46I wish it was more like this at existing companies. Why everyone isn't leaving Adobe, Meta, and Google to found their own AI / generative media startups astounds me. If you work in our incredibly lucrative field, you may be able to afford a few quarters of leaning into risk. Startups are like a brush fire. Old incumbents have so much legacy code and cruft that nimble upstarts killing them is healthy . The "SpaceX dia…
If you're only really interested in the problems you're working on it's tough to go from somewhere everything else is taken care of for you except your problem. No worries about infra or business. What you get is the more academic ones staying and more entrepreneurial leaving
Re: SpaceX alums are branching out and shaping the startup economy
#47Earlier quoted context omitted.
My company immediately sues anyone who leave to join a competitor, and even more viciously attacks I would assume if someone were to actually start a competing business.
On what grounds do they sue them?
Corporate lawsuits against individuals generally don't need grounds. The pain is the point.
Re: SpaceX alums are branching out and shaping the startup economy
#48I wish it was more like this at existing companies. Why everyone isn't leaving Adobe, Meta, and Google to found their own AI / generative media startups astounds me. If you work in our incredibly lucrative field, you may be able to afford a few quarters of leaning into risk. Startups are like a brush fire. Old incumbents have so much legacy code and cruft that nimble upstarts killing them is healthy . The "SpaceX dia…
Most people who work at those large companies you mentioned are there because they don't want to take any risk. They are happy in the comfort of a large salary, occasionally interesting work, huge network of people and are afraid of being impacted by the industry wide layoffs.
Re: SpaceX alums are branching out and shaping the startup economy
#49Earlier quoted context omitted.
It is also much more probable to become a multi millionaire through a startup than a FAANG
It remains to be seen if this is true when interest rates aren’t at nearly 0%.
It's hard to blame interest rates for all the wealth in tech when you look at all the new products and innovations that have happened over the last 10 years.
Re: SpaceX alums are branching out and shaping the startup economy
#50Earlier quoted context omitted.
OpenAI is roughly 375 people, I don't know how big Anthropic is but I assume similar. I think the person you're replying to is wondering why the other 25 million of us aren't doing the same.
The money at FAANG is really hard to beat on a risk adjusted basis (though that risk factor is increasing with the layoff spree). From a financial perspective it is much more probable to become a millionaire through a FAANG than a startup right now.
It’s not probable, it’s guaranteed at FAANG.