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Instagram’s Co-Founders Said to Step Down from Company

nytimes.com

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Re: Instagram’s Co-Founders Said to Step Down from Company

#211

Post by dopamean »

dopamean wrote: post #82
throwawaymath wrote: post #64

Here's an offtopic observation. This article (from the New York Times ) denoted the names of the Instagram founders as "Mr. Systrom and Mr. Krieger..." The Wall Street Journal has a corresponding article about this story. In that article, the Instagram founders' names are written, "Messrs. Systrom and Krieger..." Despite frequently reading both papers, I can't recall ever seeing "Messrs" before. I thought it was a ty…

Growing up I always understood that the Messrs. language was standard for WSJ.

Now that I've slept on it I may have been thinking of the Economist.

Re: Instagram’s Co-Founders Said to Step Down from Company

#212

Post by throwaway724 »

throwaway724 wrote: post #56

Posting anon. In 2009, the startup where I was working was hitting the skids, and our investors (correctly) were not willing to back us. We all kept grinding for a month or two in honorable futility, but after a while, my bank account depleted and I had to go. To make various ends meet and to keep my mental health during the wind down however, I took up some contract work that I found through various friends in the S…

Hi everyone! Well, thank you for all of the comments - didn't expect my short little tale to be that interesting :)

As for me, it worked out - soon after arriving in NYC, I took a chance at starting a company for myself. Unlike Burbn/Instagram, which I would have liked from a market perspective, I went all-in on an idea and an industry that I truly loved. I managed to raise a little bit of funding, hired a great team, and exited 10x a few years later. Still at the company, now CTO. Love it more and more every day.

Right around the same time I started my company, I also met a beautiful woman who is now my wife. Bonus!

Do I think about what could have been? Sure. But I didn't let it stop me from plowing ahead and moving forward. What happened yesterday or last week or last year only impacts you to the extent that you let it. All you can ever do is believe in yourself and make the best decisions you can with the information available to you.

Re: Instagram’s Co-Founders Said to Step Down from Company

#213

Post by confiscate »

apetresc wrote: post #135
confiscate wrote: post #105

Earlier quoted context omitted.

who is Larry and why does this person matter? I searched on Google but could not find anything relevant. I actually met Larry at a bitcoin event a while back. Seems like a normal guy. Is there some back story I am not aware of?

You simultaneously don't know who Larry is, but also know you met him?

Yes I met him at a bitcoin event for 20 seconds, so I only know his name before talking to another person.

Re: Instagram’s Co-Founders Said to Step Down from Company

#214

Post by [deleted] »

mercutio2 wrote: post #206
Groxx wrote: post #55

Earlier quoted context omitted.

That, and rent that's well over 50% of your monthly income, to have a 1 bedroom apartment miles from anything.

No programmer working at A-list Bay Area companies should be earning so little that a 1 bedroom anywhere needs to be 50% of their gross income. 1 bedrooms in Mountain View are going for 3-4K/month. No programmers at Microsoft, Apple, Amazon, Google, or Facebook are making less than $100k. Starting salaries (not counting bonuses and RSUs) are between $120k and $150k. NIMBY-ism shovels money towards landlords, no doubt…

[deleted]

Re: Instagram’s Co-Founders Said to Step Down from Company

#215

Post by otalp »

mercutio2 wrote: post #206
Groxx wrote: post #55

Earlier quoted context omitted.

That, and rent that's well over 50% of your monthly income, to have a 1 bedroom apartment miles from anything.

No programmer working at A-list Bay Area companies should be earning so little that a 1 bedroom anywhere needs to be 50% of their gross income. 1 bedrooms in Mountain View are going for 3-4K/month. No programmers at Microsoft, Apple, Amazon, Google, or Facebook are making less than $100k. Starting salaries (not counting bonuses and RSUs) are between $120k and $150k. NIMBY-ism shovels money towards landlords, no doubt…

4k a month is ~50k a year with utilities, which is 50% of post-tax salary if you're earning 120k pre tax.

Re: Instagram’s Co-Founders Said to Step Down from Company

#216

Post by Groxx »

mercutio2 wrote: post #206
Groxx wrote: post #55

Earlier quoted context omitted.

That, and rent that's well over 50% of your monthly income, to have a 1 bedroom apartment miles from anything.

No programmer working at A-list Bay Area companies should be earning so little that a 1 bedroom anywhere needs to be 50% of their gross income. 1 bedrooms in Mountain View are going for 3-4K/month. No programmers at Microsoft, Apple, Amazon, Google, or Facebook are making less than $100k. Starting salaries (not counting bonuses and RSUs) are between $120k and $150k. NIMBY-ism shovels money towards landlords, no doubt…

Gross pay is almost totally irrelevant, as are RSUs prior to IPO, but to use those numbers:

Your top number, 150k, at 30% taxes (roughly expected in this area) gives you 105k. That's 8.75k/month, which is pretty darn close to half of your listed Mountain View price... and Mountain View isn't even the most expensive.

Re: Instagram’s Co-Founders Said to Step Down from Company

#217

Post by uncle_d »

jorvi wrote: post #139
skrebbel wrote: post #137

Earlier quoted context omitted.

> No words can alleviate that regret. I can relate. I cry myself to sleep every night thinking about those bitcoins I didn't mine, back when you could get hundreds on a single GPU overnight.

Well, at least you aren’t the guy that bought two pizzas for 10 000 bitcoins. If he’d have held onto them until the $20 000 peak (a tall order in itself) he’d have netted a cool $200 million.

OTOH, the pizza shop owner sure struck lucky, if he kept them

Re: Instagram’s Co-Founders Said to Step Down from Company

#218

Post by mcny »

toss1 wrote: post #210
slumberlust wrote: post #203

Earlier quoted context omitted.

Facebook is my new rolodex :)

Let's hope it goes obsolete like the Rolodex, only on an internet time scale

I think this is a good place as any to plug Monica.

Monica HQ is a personal CRM. It is NOT a social network. No relation with the project. Previously on HN: https://news.ycombinator.com/item?id=14497295

Re: Instagram’s Co-Founders Said to Step Down from Company

#220

Post by nickrivadeneira »

wlesieutre wrote: post #195
nickrivadeneira wrote: post #194

Earlier quoted context omitted.

This has not been my experience, nor my wife's experience. Instagram shows more of what you click on, so it's entirely possible you are clicking on trash, so they're showing you more trash. From what I've seen, it does a pretty good job of reflecting your viewing habits.

Mine shows me literally everything that the people I follow have posted, but maybe that's because I don't follow a ton? When I've scrolled through all the new posts there's a nice big green checkmark and it says "You're all caught up." If something isn't what I want it to show me, I don't follow that. Works great, no weird view optimization algorithm as far as I can tell.

Sorry, should have clarified that I'm referring to Explore. I figured if someone is complaining about bad content on Instagram, it's in reference to content they don't have control over.
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