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FAANG Simulator

abeyk.com

101–110 of 218 posts

Re: FAANG Simulator

#101
post #50

Earlier quoted context omitted.

Really? I did great just alternating between "grind" and "lay low". Retired with $4.8m at 25!

This seemed to work best. Unexpected given what I know second-hand about the valley - which is to grind leetcode and keep job hopping.

doesnt that mean your resume will be full of short jobs and you wont get hired anymore

Re: FAANG Simulator

#102
post #82

Automatic lifestyle creep with promotions? Well, it's definitely not a FIRE simulator.

Are you suggesting that everyone with FIRE aspirations avoids lifestyle creep?

Not everyone, no, but some people do choose to avoid lifestyle creep, or at least have a lot less of it than their peers. I'm just saying it's optional and not inevitable.

Re: FAANG Simulator

#103
post #48

I don't know if I should feel sad or laugh at the pain at the same time lol. what a wonderful way to reflect reality for a good population of devs. you can hack the game i.e real life 1. live in a cheaper location 2. do things that don't scale & do the ugly work that naturally extends your runway, you don't need to apply to YC remember the median Pay in the US - is 61800 based on ADP the largest payroll provider. so…

I remember taking pay cuts of 35-65% for a few jobs I thought sounded more cool or less stressful when I was younger, only to find out some of my coworkers were making far more at the same place. They placed me still at or above the median wage, and I learned a lot (I never vested, and stocks weren't a factor in the jobs).

In my personal experience, the jobs I have taken which paid less treated me as cheaper and more disposable. This is not to say all companies are like this, and indeed many do value tech employees they could not afford otherwise more, but making a blanket statement about any pay figure is sort of a bad idea.

The FAANG workplace environment is something you will pay for. There are reasons it pays well, and I never really understood this until I left. I do not mean merely 'doing your job'.

As for the last part of your reply, I am guessing it was meant to get reactionary replies (touché).

Re: FAANG Simulator

#104
post #91

Earlier quoted context omitted.

In all seriousness, where are these stories? There are so many "entrepreneurs" vibing away, but who is getting paid? I feel like there should have been some decent exits by now but all I've found are a few lifestyle businesses and a lot of hucksters. My experience: I feel like I could build a real product solo much more quickly than ever before, but the reality is my side-projects have been mostly futzing around with…

from a business standpoint, PMF was never about the underlying software. It’s a developer’s wet dream to toil away in a garage toward some Technical ideal, and then have the world applaud their genius and shower them with money. Now to be fair, there are windows of time where that really did happen for some few. As a craftsman developer, I have the same wet dream. The problem is I know it’s just a dream now that I’m…

Something that I was hoping was that LLMs would make software development easy enough so that I could upskill in areas that determine entrepreneurial success. But I find that the quality of code from LLMs is low enough that I have to spend a lot of time doing QA (or manual coding).

But also you could write the god damn best software out there but if you can't convince people to open the web page or download the app then it goes nowhere. Absolutely nowhere.

Re: FAANG Simulator

#106
post #50

Earlier quoted context omitted.

This seemed to work best. Unexpected given what I know second-hand about the valley - which is to grind leetcode and keep job hopping.

One of the rarely discussed life skills is going against the flow.

This works only until other people also feel that is the thing to do.

Re: FAANG Simulator

#107
post #27

That was fun! Although I was automatically retired, with $1.7M in net worth. That’s hardly enough, especially in California. Maybe the game should ask for a goal number before starting

Depends in which part of California

If you retire at 30 with $1.7M, you’d be getting about $45-$60k/year for the rest of your life

Maybe if you live by yourself, or have someone contributing a second income, and inflation doesn’t catch up with you

Re: FAANG Simulator

#108
post #48

I don't know if I should feel sad or laugh at the pain at the same time lol. what a wonderful way to reflect reality for a good population of devs. you can hack the game i.e real life 1. live in a cheaper location 2. do things that don't scale & do the ugly work that naturally extends your runway, you don't need to apply to YC remember the median Pay in the US - is 61800 based on ADP the largest payroll provider. so…

> 1. live in a cheaper location 2. do things that don't scale & do the ugly work

From the creators of how to draw the owl, lol!

Re: FAANG Simulator

#109
When thinking about years of work until financial independence, its worth understanding the impact that savings rate has - the fraction of post-tax income remaining to invest in growth assets after expenses.

If you're not familiar with savings rate, here's a simple calculator to help build intuition. The assumptions of asset returns & portfolio required to sustain retirement are a bit optimistic, but it's directionally correct: https://networthify.com/calculator/earlyretirement

You need roughly a 15% savings rate to support traditional retirement age. If you're fortunate enough to create & sustain a situation where your income net tax is a lot higher than your annual expenses, the timeline accelerates significantly.

Re: FAANG Simulator

#110
post #48

I don't know if I should feel sad or laugh at the pain at the same time lol. what a wonderful way to reflect reality for a good population of devs. you can hack the game i.e real life 1. live in a cheaper location 2. do things that don't scale & do the ugly work that naturally extends your runway, you don't need to apply to YC remember the median Pay in the US - is 61800 based on ADP the largest payroll provider. so…

I've found that when I was making $85k I was just as miserable as when I was making $200k+ at FAANG, just without the money. The corporate politics and shittiness of being an employee were the exact same. At least, I was living in a VHCOL city.
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