Earlier quoted context omitted.
If your savings rate is 0, maybe
Suggestion: put your email in your ‘about’ field so someone can remedy that :)
Haha, yeah. I'll be waiting a while for that Director of Shitposting position to open up :)
Working for a startup makes less sense
351–360 of 392 posts
Re: Working for a startup makes less sense
#352Earlier quoted context omitted.
A blog post I read on why hard-tech startups are counter-intuitively easier (especially, in terms of attracting talent): https://blog.samaltman.com/hard-tech-is-back
I read an article a while back that described one trait of the "10x" engineer as dispassionate curiosity. Setting aside the argument of what a "10x" engineer actually is, I'm sure those of us working in the field can recall folks that were exceptionally talented. Every one of those people that I can recall have exhibited this trait. It's easy to deduce that those folks would be more interested in hard tech than any p…
Could you elaborate on what “dispassionate” means in this context, or link to the article?
As an aside, I’ve just re-read a Terry Pratchett novel and your description of the good engineers’ behavior made me think of Leonardo da Quirm :)
Re: Working for a startup makes less sense
#353Earlier quoted context omitted.
I read an article a while back that described one trait of the "10x" engineer as dispassionate curiosity. Setting aside the argument of what a "10x" engineer actually is, I'm sure those of us working in the field can recall folks that were exceptionally talented. Every one of those people that I can recall have exhibited this trait. It's easy to deduce that those folks would be more interested in hard tech than any p…
Could you elaborate on what “dispassionate” means in this context, or link to the article? As an aside, I’ve just re-read a Terry Pratchett novel and your description of the good engineers’ behavior made me think of Leonardo da Quirm :)
I may be confusing the term with "disinterested curiosity". Wish I could fine the article if only to refer to again. Here's a bit of an explanation that seems to match my understanding of the concept:
https://www.tandfonline.com/doi/abs/10.1080/00221546.1943.11...
To my mind that's an engineer whose curiosity is uninvested in the outcome of the exploratory work.
I've known good engineers and great engineers and to some degree, they were all like Leonardo da Quirm, though not all quite as naive.
Re: Working for a startup makes less sense
#354Earlier quoted context omitted.
Why not? If you have a partner, you would be able to cover half a mortgage, and if not you can get a roommate. I know tons of people who aren't in tech that make ~50K. It makes sense because 50K is pretty close to the median per capita income in SF [1] and a starting teachers salary [2]. [1] https://smartasset.com/retirement/average-salary-in-san-fran... [2] https://www.salary.com/research/salary/benchmark/public-sch…
> you would be able to cover half a mortgage Not in the Bay Area. Looking at an excel for a million-dollar+ home is truly frightening. So many zeroes!
A million dollar home mortgage is about 5k a month. Half is 2.5k/mo, or 30k a year.
Re: Working for a startup makes less sense
#355Earlier quoted context omitted.
Why not? If you have a partner, you would be able to cover half a mortgage, and if not you can get a roommate. I know tons of people who aren't in tech that make ~50K. It makes sense because 50K is pretty close to the median per capita income in SF [1] and a starting teachers salary [2]. [1] https://smartasset.com/retirement/average-salary-in-san-fran... [2] https://www.salary.com/research/salary/benchmark/public-sch…
I mean, I don't live in SF so maybe I'm off base. But my impression is that even with a roommate you're looking at $1500-2000/mo. That's oppressive on $50k/yr.
How so? 3k a month is a lot of fun money.
Re: Working for a startup makes less sense
#356Earlier quoted context omitted.
I mean, I don't live in SF so maybe I'm off base. But my impression is that even with a roommate you're looking at $1500-2000/mo. That's oppressive on $50k/yr.
How so? 3k a month is a lot of fun money.
Even assuming 0 tax we're talking more likw 2200-2600 and there are gonna be some taxes, especially in CA.
Assuming this is investment income of course, and not just spending down the principal, which obviously wouldn't work.
So probably under 2k, and it's not fun money, it's everything but housing starting with food and transportation.
Doable? I guess. Fun? Eye of the beholder, I'd say. And that's assuming kids don't enter the picture, say goodbye to every part of this plan if they do.
Re: Working for a startup makes less sense
#357Earlier quoted context omitted.
For sure. Not in SF though, or so I thought anyway
True, 1M in savings gives you ~40K per year to live off. This wouldn't be sufficient in SF, but given that you're basically retiring at that point, you might as well buy a home somewhere else and then you'd be able to live comfortable off of that.
One has to assume they considered moving out of SF and decided not to.
Re: Working for a startup makes less sense
#358A solution could be to let engineers work for multiple companies at once and laws to prevent employers from penalizing such behaviour.
Re: Working for a startup makes less sense
#359Earlier quoted context omitted.
The technical term is a coop, like REI.
Workers cooperatives are too risky, the liability in case of default is not limited in all legislations that i'm aware. There are successful cooperatives in most countries but those are the exception not the norm. It's always simpler, safer and more wise to incorporate.
Sounds like this could be a potential avenue for innovation.
Re: Working for a startup makes less sense
#360Earlier quoted context omitted.
The VCs are also part of the team that collectively destroyed economic value. They can't simultaneously claim credit for every success and disavow every failure.
This is a fair point and I’d never looked at it that way before. Thanks!