Snapchat CEO’s leaked memo on survival • Hacker News Board

Re: Snapchat CEO’s leaked memo on survival

#191

Post by PaulMest » Tue, Oct 09, 2018, 6:13 PM UTC

nickfromseattle wrote: post #186

e9 wrote: post #183

Earlier quoted context omitted.

2 -> you can download the video and post it anywhere but yeah it would be nice to have it directly saved to phone rather than snapchat then save to phone

I believe the output is a circle video instead of the normal rectangle video.

You can export to another platform in circle, square, or widescreen format.

  Field of View: 105°
  F-stop: f 2.2
  Photos: 1642 x 1642 px
  Videos: 1216 x 1216 px at 60 fps

source: https://www.spectacles.com/shop/nico

Re: Snapchat CEO’s leaked memo on survival

#192

Post by ReverseCold » Tue, Oct 09, 2018, 10:59 PM UTC

askafriend wrote: post #56

ReverseCold wrote: post #54

Earlier quoted context omitted.

> He also took a $500mm bonus for successfully executing the IPO at a time when the company lost over $700mm in 2017. So part of that $700mm loss was his bonus? Meaning if he hadn't taken a bonus the loss would "only" be $200mm?

I was a little off on the numbers. Snap posted a $2.2B loss in Q1 of 2017, it's first quarter as a public company. A lot of that was one-time stock payout to various employees, including a massive bonus to Spiegel which was 3% of Snap worth roughly ~$550mm at the time. If you take out all the one time stock compensation from that quarter, the loss comes out to $188mm. Here's a Recode article with some sources: https:…

Ah okay, that makes a bit more sense. Thanks!

Re: Snapchat CEO’s leaked memo on survival

#193

Post by profalseidol » Thu, Oct 11, 2018, 1:42 AM UTC

Tempest1981 wrote: post #139

profalseidol wrote: post #116

Earlier quoted context omitted.

The hand that was dealt to you when you were born is probably the biggest luck factor of all.

There is a good Warren Buffett documentary on HBO where he says the same thing. Or he’s just being humble. Or both.

If he is saying it because he simply wants to point this fact out (or even brag about it), and do not care doing anything about it. Then not so humble IMO.

It is however still a merit that somebody raises it. It's probably the biggest Elephant in the room that there ever was. Especially if you are born in the third-world slums paying rent to the slumlord.

Re: Snapchat CEO’s leaked memo on survival

#194

Post by profalseidol » Thu, Oct 11, 2018, 1:45 AM UTC

hazz99 wrote: post #129

profalseidol wrote: post #115

Earlier quoted context omitted.

And ruin the lives of it's employees. Long live our most honorable Capital Feudal Lords!

I think if they work at Snap then they can find work at other companies, I wouldn't say their lives are 'ruined'

Ok, not ruined. But denial in creative fulfillment. Imagine working so hard to finish your music record, only to be destroyed by illegitimate forces.

Re: Snapchat CEO’s leaked memo on survival

#195

Post by profalseidol » Thu, Oct 11, 2018, 6:57 AM UTC

SmellyGeekBoy wrote: post #171

profalseidol wrote: post #115

Earlier quoted context omitted.

And ruin the lives of it's employees. Long live our most honorable Capital Feudal Lords!

We're talking about some of the highest paid people in the world here, with excellent job prospects should things go south. That's before we even get started on stock options and how many early employees of these startups become millionaires.

Sure they got good financial security, even if you are employed at some unknown third-world software company. You're prospects are still very good compared to a blue-colar.

However, financial security is not the only thing you need in life to be happy.