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Startups Are Scooping Up Big Tech’s Cast-Off Workers

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Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#81

Post by fmajid »

kbos87 wrote: post #68
fmajid wrote: post #21

Many are going to start their own startups and the seeds for the next Cambrian explosion are being cast today, just as they were in 2001–2003 or 2008. That said not all Big Tech employees can deal with the hustle required at a startup.

I’m skeptical that the same patterns we saw in the early 2000s are going to play out again. Last time, tech was in its infancy. There was a small universe of people who understood baseline concepts like getting to product market fit, how to measure and implement growth patterns, etc etc. Today these are practically household concepts, and they have been for years. There aren’t a few hundred other people in SV you are…

I think you underestimate the effects of bureaucracy and sclerosis at large companies like Google, and the upcoming crackdown like the EU's DMA and DSA. Just look at how OpenAI basically stole Google's lunch.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#82

Post by mullingitover »

M3L0NM4N wrote: post #41
mullingitover wrote: post #37

Earlier quoted context omitted.

Private companies can certainly hold their own when it comes to waste and incompetence. Government doesn’t have a monopoly on these things.

Agreed, but private companies also face competition (which incentivizes as little waste as possible) that the government does not.

Competition over the past couple decades is less and less of a factor for private companies, however[1].

[1] https://hbr.org/2018/03/is-lack-of-competition-strangling-th...

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#83

Post by mullingitover »

dantheman wrote: post #46
mullingitover wrote: post #37

Earlier quoted context omitted.

Private companies can certainly hold their own when it comes to waste and incompetence. Government doesn’t have a monopoly on these things.

Clearly you've never worked in the government.

No, but both my parents spent their careers working in the VA system, which routinely trounces private health care in measures of efficiency.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#84

Post by RestlessMind »

virtualritz wrote: post #53
dantheman wrote: post #44

Earlier quoted context omitted.

What are you talking about? The US has one of the most progressive tax systems, and like 50% of people don't even pay income tax. The government wastes money and the medical establishment is corrupt -- but that has nothing to do with rich people living off of the poor. The poor in America are far richer than the poor in most other countries.

> The poor in America are far richer than the poor in most other countries. You probably mean the US/Canada. 'America' includes South America for which this is not generally true. However, replace 'America' in your sentence with any developed country and the statement is indeed generally true. And thusly of little value to this discussion. Specifically it doesn't change the fact that the poor in the US are much poore…

> the poor in the US are much poorer that the poor in most (possibly all?) developed countries.

My source[1] disagrees with your source. It seems fairly close to Italy/Spain and slightly better than the much vaunted place on HN (Japan).

[1] https://www.statista.com/statistics/233910/poverty-rates-in-...

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#85

Post by RestlessMind »

Demoloto wrote: post #30

Then move if you don't like a social government... You do understand that USA rich people living of the life's of the poor? No proper health care etc for people cleaning their flats or flipping their burgers...

> No proper health care etc for people cleaning their flats or flipping their burgers...

That seems FUD. There are safety nets like Medicaid, Obamacare subsidies and EMTALA for poor.

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#86

Post by RestlessMind »

hef19898 wrote: post #65
batmansmk wrote: post #39

Earlier quoted context omitted.

Average salary in SV is 115k, 22k in France. USA live off its neo-colonial digital empire, not through the exploitation of blue collars. When any digital company out there pay 30% of what they earn in tarifs on cloud, ads, servers, licenses, app revenue, patent litigation, …

So, you compare the averge of France, a cpuntey not known for high salaries, as a cpuntey to one of the highest paid regions in the world? SV =|= blue collar, the rust belt and Detroit are blue collar.

Ok let's do a fairer comparison. Avg annual income across EU was 33,500 Euro in 2022[1]. For the USA, that was 60,500USD [2]

[1] https://ec.europa.eu/eurostat/web/products-eurostat-news/w/d...

[2] https://www.sofi.com/learn/content/average-salary-in-us/

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#87

Post by 542458 »

RestlessMind wrote: post #85
Demoloto wrote: post #30

Then move if you don't like a social government... You do understand that USA rich people living of the life's of the poor? No proper health care etc for people cleaning their flats or flipping their burgers...

> No proper health care etc for people cleaning their flats or flipping their burgers... That seems FUD. There are safety nets like Medicaid, Obamacare subsidies and EMTALA for poor.

41% of U.S. citizens carry some sort of medical debt, and 24% are considering bankruptcy to solve a medical debt issue.

https://www.debt.org/bankruptcy/statistics/

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#88

Post by RestlessMind »

ant6n wrote: post #31
_vbnz wrote: post #29

American engineers are lucky to earn enough to be able to save up and do stuff like this, like on $200k you can save enough to really try a start-up for a year or two. Whereas in Europe we're lucky to get $80k in the same jobs, and then the state steals half of that :/

In France, apparently you can go on unemployment for 2, up to 3 years to start a startup. With up to 80% pay. In Germany you can get 6 months of unemployment insurance when starting a startup out of unemployment. Or get 6 months paid when starting a startup out of Uni. Then you could get various public funding opportunities like a startup bonus (for example 50K public funding for 50K private investment in an innovati…

> In France, apparently you can go on unemployment for 2, up to 3 years to start a startup. With up to 80% pay.

Then why does France have such a low rate of new business formation (5.3/1000 people) - https://data.worldbank.org/indicator/IC.BUS.NDNS.ZS?most_rec...

Or as another indicator, number of tech startups per Million is 234 for the US, while only 24 for France - https://www.startupranking.com/countries

Re: Startups Are Scooping Up Big Tech’s Cast-Off Workers

#90

Post by Arainach »

RestlessMind wrote: post #85
Demoloto wrote: post #30

Then move if you don't like a social government... You do understand that USA rich people living of the life's of the poor? No proper health care etc for people cleaning their flats or flipping their burgers...

> No proper health care etc for people cleaning their flats or flipping their burgers... That seems FUD. There are safety nets like Medicaid, Obamacare subsidies and EMTALA for poor.

It's reality, not FUD. Emergency rooms not being able to turn you away when you have a heart attack isn't healthcare. Healthcare includes being able to go to a doctor before you get to the point of emergency for preventative care.
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