Startups are pummeled in the ‘great unwinding’ • Hacker News Board

Re: Startups are pummeled in the ‘great unwinding’

#441

Post by closeparen » Wed, Apr 08, 2020, 8:41 PM UTC

scollet wrote: post #428

closeparen wrote: post #106

Earlier quoted context omitted.

Why is it so offensive to people in this industry that our skills are valued? Sometimes it seems a little crazy to me too, but I'm not, like, excited to need to live with 5 roommates 90 minutes away from work again like you seem to be.

I know it's not the crux of your argument but your lamentation is more about prohibitive housing, bordering on classism.

The lamentation that engineers are "paid too much" is about prohibitive housing. If you consider engineering compensation in terms of the lifestyle it buys rather than the nominal dollar values, it's a pretty normal college-educated middle class living.

Re: Startups are pummeled in the ‘great unwinding’

#442

Post by xapata » Fri, Apr 10, 2020, 2:39 AM UTC

ikiris wrote: post #311

xapata wrote: post #294

Earlier quoted context omitted.

> thin-margin Mom & Pop, or medium sized private enterprise that had 1 week of cash on hand and ceased operations overnight. It would be foolish of them to fold instead of getting loans. And it would be foolish of a bank to deny a good business a loan to get through the next couple years. I think much of the moaning about closing up is to encourage low-cost loans. Which is fair, because the government should be subsi…

Sounds like you should go into the loan business. Good luck

I would if I could.

Re: Startups are pummeled in the ‘great unwinding’

#443

Post by naveen99 » Fri, Apr 10, 2020, 8:24 PM UTC

tomashertus wrote: post #323

hogFeast wrote: post #45

Earlier quoted context omitted.

The reason AirBnb is a startup is because it makes no money. A company stops being a startup when you aren't relying on someone cutting you a check every month to keep it all going. Most of these companies will now fold. The number of employees or, even, revenue is irrelevant.

I really hope this recession will bust AirBnB. It would lower the rents all over the world...

recession is going to lower rents. airbnb is not even a rounding error.