331–340 of 576 posts
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The fact that you cite VC funded and then headcount as your only metric of success is hilarious.
The fact he cited that they have a successful product didn't register with you?
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> People are still spending a lot of money and demand for a lot of things is still high Yes, that is how you create a gigantic crash. Look at this graph, click 25 years, does this look to go in the right direction? The US economy is shifting more and more towards consumption of imported goods instead of producing things itself, this isn't sustainable. You see how the 2008 crash got the curve back and track, a similar…
I mean, the crash, by definition, is when the demand stops , yeah? "A crash is coming because currently demand is still high" is a bit incomplete as far as theories go. That graph matches my original point about the last two years being very different from 2010-2020 - but it doesn't tell me anything about where to expect things to "correct" to or whether or not such a correction would be good or bad - a lot of people…
Worst case the graph tells the story of the rest of the world shifting their industries to be less dependent on the American one, ending American dominance, that is how this would lead to the biggest crash in American history. Best case USA just slowly starts to shift back to producing things internally and creating new goods others wants to import and things stabilize.
We will see what happens, but it is very rare for curves to shift without huge consequences.
Since you’re asking from a job seekers perspective, this only applies to pre revenue companies and companies running at a loss. There are profitable small, medium and large tech businesses (like mine) that have not changed hiring policies and continue to hire. But they are tightening belts in other ways. There are public companies that are pre profit that are profoundly affected. Their run up in stock price was free…
I love the term “pre profit” instead of “losing money”.
If you want to be recession-proof, get a job at a non-software company (or in academia, state/city government, etc). In theory, "programmer" is the same job whether you work for a startup or the Minnesota Dept. of Transportation, but in practice they feel like completely different industries. In one, you can make fantastic money but the interviews are famously difficult, the culture can be borderline abusive, and lay…
Why do people really even try to compare FAANG/SV-companies with random government org? In my experience and from talking to peers - random eng job in most parts of the country is less than or equal to $150k even for people with 10+ years. If you’re at FAANG with 10+ years - clearing $500k+ is reasonably accomplished. Sure - one of those is markedly higher than the average random person in the US - the other is in th…
I know plenty of developers who “only” make $150K-$160k a year and are living in their nice house in the burbs with 2.1 kids, the white picket fence in the “good school system” with a spouse making decent money and don’t have a care in the world.
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This can be hit and miss so needs some persistence. For me, not living in SF or even the USA, there is not really a tech culture to the point where the Pizza delivery person wants to talk about Monads (a story I read somewhere...). However if you are not in a tech city, and don't want to move to one, then online is great. Here is what you can do. 1. Find stuff on Show HN or HN (or Reddit etc.) generally that you are…
> However if you are not in a tech city, and don't want to move to one, then online is great. Here is what you can do. I live 40 miles north of Wichita Kansas USA. There's no tech - there's no city even. Here's what I did: I got to know a recruiter in Wichita. Turns out she's a rock star - one of the leaders in the region at recruting tech. Met a guy on an flight from Atlanta to Wichita. We got together and talked ge…
I would say we are doing fine, do not let the fear mongering get to you.
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I'm a dev at a VC-funded SaaS startup in California. We're still in a growth trajectory (doubled headcount last year, on track to do so again this year, just hit a headcount of 500). Our industry is such that we're not too worried about the recession -- people tend to buy our product because it's significantly cheaper than paying one more employee and it tends to make teams in a particular corporate department far mo…
The fact that you cite VC funded and then headcount as your only metric of success is hilarious.
But since you ask: $57M ARR, 117% NRR, 97% YoY growth, 51 NPS, named a best place to work in [insert regional business journal] for the last 4 years in a row, customers really love us, and employees really love working here.
I don't know how reliable Glassdoor is considered to be these days, but we're rated 4.8 stars by employees, 97% recommend to a friend, and 92% approve of the CEO.
Your comment seems rather cynical, but I hope to at least demonstrate that there do exist good VC-backed startups.
Oh, and we're hiring! If anyone wants to know where this is, my email is in my profile.
The first response of businesses, big and small, to uncertainty is to pause everything they are doing to stock of the situation. Regardless of whether they are profitable or not. When that happens they pause hiring until they know what they are dealing with.
You would have seen the news/grapevine that Twitter, Google, and Meta have paused hiring. It takes about a quarter for them to adjust and get back to business as usual. After that hiring managers will start putting pressure on execs to open up the head count or face missed deadlines. So I'd say give it 3-6 months as far as big, profitable businesses are concerned.
As for unprofitable ones such as Uber; well it's going to be a tough ride. And it's been like that since going IPO.
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The extremely high paid FANG income is a thing of the past, already down 50% ytd. I hope you enjoyed it while it lasted.
Completely untrue. Just finished up my interview process and my experience was that comp is higher than ever at the strong FANGs (I.e not Netflix). Microsoft and Amazon just massively bumped their comp maximums. Google was good as ever. Pre-ipos cash comp is still very strong although they are currently relying on previous stock valuations so the comp isn’t as good as they claim right now
And when was your experience, and what was comp for all these places?