131–140 of 431 posts
I shouldn't be speaking for you guys because I'm genZ... but it's probably to do with the new responsibilities and the increased risk aversion that comes with them.
I had one product that took off, made more money than at any of my previous (big-tech) jobs, and I thought the tales were true. If you work hard enough, catch a lucky wave and have the skills to ride it, you're free. The product peaked, and then very quickly dropped to zero in about two years, while I tried everything to prevent going out of business. Back at the bottom, a year or two of aimless wandering, I figured,…
Heard somewhere we are not supposed to be happy and absent minded. Staying on hard side of things shapes us and make complete.
I'm not sure if this helps, but I’ve personally stopped stressing about outcomes, "get rich quick" schemes, or being in the perfect moment.
The journey is what truly matters.
I use my own tools for consulting and eventually outsource myself as needed. If clients want to hire someone else, I don’t resist. I simply ask for two or three months’ salary for training and limited support afterward.
I’m not trying to build something worth millions to sell. I used to sell CRMs built on top of WordPress for a long time. Eventually, it evolved into a CRM I now use across several businesses. Over the years, I’ve also created numerous small tools that I’ve been using for over a decade—tools for tracking trends, education, and more.
I don’t aim to be in the top 5% of earners, just be in the middle for targeted niche is ok.
For me, freedom means working in "Pendulum mode"—six months of active client phases followed by six months of prototyping new ideas. That balance keeps me sane. No conflict of interests. Clients know I worked hard to kick off things, and productive than most other engineers in slow mode.
As for pressure of being update - I made a simple commitment to try new things 4-8 hours a week min. AI, ML, K8s, hyped programming languages. It was brutal at the beginning, and extremely joyful process now. It's getting easier and easier. The main motivation is to be connected with folks who will come after me.
I'm also trying to surround myself with builders, and be less with transactional people who simply wants salary. Helping other to overcome and internalize the essence of pain of owning code and full responsibilities make my struggles easier.
One thing I would never sacrifice for being in a creator mode - wellbeing and needs of my family. Whatever it takes to bring the food on the table. All high purposes come after.
Naval's mega episodes help me to settle things in mind really well too
wealth https://nav.al/rich
happiness https://nav.al/happiness
> What's changed? Largely, the make up of the audience in HN. I sincerely doubt that the hard core of people doing startups, thinking of doing a startup, or just very interested in the topic has gone away or changed attitude very much. But the profile of HN has grown. It's a miracle that it's still an interesting and curious group, but from comments I'd be astounded if there were not a far greater proportion of peopl…
I'm here for the tech porn mostly. I do read the business related stories but I mostly retain everything but whatever includes "founder".
(My account seems to be made in 2016, so i suppose i started reading in like 2013-2014.)
Earlier quoted context omitted.
The point is about a specific technology, like software, not technology at all. For example, we continue to use the same vehicles (e.g. cars) with a well known technology while SpaceX is advancing on sending rockets to the space. Technology is advancing but some technology is well known. This is not to say that software is not evolving but most startups don't have an issue with building software but with business dev…
But while cars are a well known technology, the last 15 years have spawned a 1.3T company in that space - Tesla. There's room to innovate anywhere, maybe but the most basic commodities.
I think the bigger issue is that most of the financial upsides of startups were illusory Unless you're a founder, you're unlikely to make any money, and predatory VC/backers using convertibles/senior debt to turn your equity into Zimbabwean dollars. Thats before any stats are calculated for lasting long enough to either IPO, make money or get bought out. As someone who did successfully exit, the stories of multiple-m…
Add to that, that every tech advance gives birth to horrible destructive potential that is realized- you have growing despair.
Earlier quoted context omitted.
I was the second engineer (series A) at a company that IPO’d at a unicorn valuation. By all rights that’s a great outcome. I made about as much in that exit as I would have if I were just at a FAANG instead
This tracks. I think the real value employees get is riding the rocketship in their career. Early engineers often have first dibs on higher level roles, like CTO or director over people that join late. Your initial grant might not be great, but being director at such a company is huge
Few people get those senior salaries, and those who do get it because of their unusual skills and experiences.
A stint at a startup is still a pretty good way to get those skills and experiences, compared to spending the same amount of time as a junior developer somewhere else. If you can make capital gains equivalent to FAANG senior salaries while doing so, even better! But if not, at least you'll have come out with a more interesting resume.
I think the bigger issue is that most of the financial upsides of startups were illusory Unless you're a founder, you're unlikely to make any money, and predatory VC/backers using convertibles/senior debt to turn your equity into Zimbabwean dollars. Thats before any stats are calculated for lasting long enough to either IPO, make money or get bought out. As someone who did successfully exit, the stories of multiple-m…
> I think the bigger issue is that most of the financial upsides of startups were illusory I wouldn't say I'm an old-timer by any metrics, but even back in 2012 when I first discovered and joined HN, I remember it was pretty clear in the community (and people I spoke to around me) you shouldn't go to work at a startup if you were looking for "a lot + safe" money. Sure, you could belong to the 0.001% and work on the n…
I mean... we all agree, it would seem, this is not the path to getting rich for most people. And it's unhealthy and stressful, so it's also not the best way to work.
So it has to come down to "the mission". You must be doing something so amazing, so innovative, a boon to mankind, that all else is secondary and you're willing to endure financial risk and a stressful job, right. Right?
But no. Most startups' products are unremarkable or banal -- with some honorable exceptions -- and mankind doesn't really care either way.