31–40 of 64 posts
Who here is an NYC startup and who here is hiring?
Are there any that might be interested in folks who would start remotely (but willing to come out for bits of onsite time) and then relocate to NYC in a few months?
Who here is an NYC startup and who here is hiring?
Python, Java, C++, etc
I would love to know what the average startup is paying now in NYC v.s. what the average Wall Street Firm would pay for the same programmer.
If you're a senior C++ lead dev working in the front office of an Investment Bank you can make 250k-500k/year.
If you join a startup as an early employee and get 1% equity , assuming a 10% chance of exit after three years, the company would need to have a $1 billion dollar exit for the risk-reward equation to break-even.
There are a lot of ex-finance developers in the startup world, but overwhelming they're there as founders, as that's the only way they'll get enough equity for it to be worthwhile.
I would love to know what the average startup is paying now in NYC v.s. what the average Wall Street Firm would pay for the same programmer.
1.) IT Admin stuff (Creating accounts, internal admin tools)
2.) Backoffice Dev (plumbing code to book trades, query databases, feed data to risk and PNL reporting tools)
3.) Infrastructure (writing fast code that talks to exchanges to trade autonomously, or writing tools to help people run lots of regressions, experiments, and simulations with ease)
4.) Desk Quant / Quant Dev (writing valuation models, trader UI, tools for trading, tech support for traders, structuring new products, building the grand unified system that processes financial instruments)
5.) Prop Trading (finding new ways to trade for profit; systematizing that into software)
I'd say anyone who is skilled at either 3,4,5 is going to generate more value to the Wall Street firms than what most startups budget for hacker employees.
Austin, SF/SV and NYC are all in the same boat: Tech talent demand is unbelievably high. If you have a LinkedIn profile with reasonable skills (hell, put "HTML5" in your profile and watch what happens) you probably are already aware of this.
"Right now in New York City every technology company is hiring engineers, programmers, Java developers or PHP/Perl developers,” Carvajal said. “I haven’t seen it this hot since 1997..." Ummm, did they get the quote from 1997 too? I find these stacks to be in the minority these days for a startup anyways. Or is this a NYC trend?
Java, PHP and Perl are still strong.
"Right now in New York City every technology company is hiring engineers, programmers, Java developers or PHP/Perl developers,” Carvajal said. “I haven’t seen it this hot since 1997..." Ummm, did they get the quote from 1997 too? I find these stacks to be in the minority these days for a startup anyways. Or is this a NYC trend?
http://www.indeed.com/jobtrends?q=C%2C+java%2C+python%2C+C%2... Java, PHP and Perl are still strong.
"Right now in New York City every technology company is hiring engineers, programmers, Java developers or PHP/Perl developers,” Carvajal said. “I haven’t seen it this hot since 1997..." Ummm, did they get the quote from 1997 too? I find these stacks to be in the minority these days for a startup anyways. Or is this a NYC trend?
This quote struck me as a bit outdated as well. Not because it mentions Java and PHP, but because it seems to imply that those are the big two skill sets. The "what does your startup use?" polls that show up on HN every know and then suggest Python and Ruby are in heavy use (though PHP and Java do still get a decent showing)
Furthermore, it's very unsettling that even on hacker news there's this prevalent anti-PHP attitude. With the release of PHP 5.3, and the current maturity of the numerous frameworks there's never been a better time to use PHP.
I have a pet theory about the apparent shortage of 'experienced engineers' in the midst of high unemployment. Software development as we know is an inherently unstable activity - it's very hard to gauge how much a project will cost in time and money. Supposedly 50% of IT projects fail and 70% don't meet all their targets (or something catastrophic like that). Well here's my theory. When you can't tell how much someth…
I noticed this is the same for sports. I play soccer frequently, and I noticed that in order to win, you really need few good players in the team (way above average). Not everybody has to be really good, but you need few good pl
In a team of 11 you need a great: Goalie Defender 2 Midfielder (one center and one runner on the sides) One great Scorer/Forward
The rest of the team can be OK, (i.e good enough or average), but with good organization this team will excel.
Now think of a startup that instead of being able to field 11 players on the field, they can field only 7-8. Then everybody on the team has to be really good from the get go for it to have a chance.
Once it grows, it can afford more warm bodies. People that can do useful work (fix bugs, create additional features), but that are not able to do groundbreaking work by themselves.