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San Francisco Bubble

blog.larrold.com

51–60 of 393 posts

Re: San Francisco Bubble

#51
The talent issue is particularly acute.

If you're mature and hardworking, I have no problem with you taking PTO whenever you need it or not committing to hard deadlines. But those are earned privileges based on trust and a history of delivering.

It is so hard to hire software engineers and there are tons of them. Bootcamps are not the answer. It is not a quantity problem, it is a quality problem.

Re: San Francisco Bubble

#52

"They can take an arbitrary sabbatical from work, they cannot be told no or reprimanded, and they make so much money that they can just take random breaks from employment to chill." I have yet to hear a convincing argument why this is a bad thing.

Honestly? It isn't sustainable and its not a productive use of capital. This lifestyle is going to implode when the economy stumbles.

Yea, no.

JM Keynes said eons ago that with increases in efficiency we will eventually be able to get to a 15-hour work week. So, a particular industry in a particular area was able to get to an approximation of that, and the counter-argument is that this is not a productive use of capital?

Besides, TFA complains that all these people are working on silly startups, which is presumably not a productive use of capital either. You can't have it both ways.

Re: San Francisco Bubble

#53

"Engineers are particularly spoiled. They can take an arbitrary sabbatical from work..." (on the about page) "...Currently a principal engineer at AppNexus on sabbatical..." ???

Ah, there's my morning coffee spit take. I've been online for a few hours already; it was late today.

Re: San Francisco Bubble

#54
There might be a bubble, but extremely limited anecdata isn't enough to prove it.

Who cares if people are spending money to get shit done for them that they don't want to personally do (laundry, groceries). As long as they can pay for it and are utilizing hours to what they actually want to do in life I don't see the harm.

And expensive food exists in most major cities.

There might be some truth to the title, but the article lacked the data to support any of it. I'm flabbergasted that it got upvoted on the frontpage of HN.

Re: San Francisco Bubble

#55

"Engineers are particularly spoiled. They can take an arbitrary sabbatical from work..." (on the about page) "...Currently a principal engineer at AppNexus on sabbatical..." ???

Ignoring the hypocritical nature of this statement, I take offense in this generalization in particular.

If you're an engineer with a family here in SV, you cannot take a sabbatical. In most cases you need to get a job in a week or the rent will drive you to bankruptcy.

Re: San Francisco Bubble

#56

I have to say that I didn't really understand the perspective the writer was coming from. It kind of felt like he just wanted to finger wag at SF. > Everything is too expensive. Just normal supply and demand economics. This happens all the time all over the world when lots of high earning people suddenly move to an area. > There are thousands of dumb startups. Yup. And most of them will die. And some of them will bec…

[deleted]

Re: San Francisco Bubble

#57

I have to say that I didn't really understand the perspective the writer was coming from. It kind of felt like he just wanted to finger wag at SF. > Everything is too expensive. Just normal supply and demand economics. This happens all the time all over the world when lots of high earning people suddenly move to an area. > There are thousands of dumb startups. Yup. And most of them will die. And some of them will bec…

Some of the dumbest ideas are the biggest. Strangers driving you in their cars? People turning their spare rooms into hotel rooms? I wouldn't have believed (or invested in) either of these ideas.

My favorite example is YouTube. If you had asked me if I wanted to invest in a video upload site where 95% of the material were pirated clips off of TV I would have said "you're crazy! You'll be sued out of existence."

Re: San Francisco Bubble

#58

"Engineers are particularly spoiled. They can take an arbitrary sabbatical from work..." (on the about page) "...Currently a principal engineer at AppNexus on sabbatical..." ???

I'm very hypocritical.

Yea no kidding.

"AppNexus helps brands connect with consumers, empowering agencies and advertisers with a uniquely powerful approach to programmatic online advertising."

Thanks for working on Ad Tech, the very thing that powers this bubble by trading attention as a commodity. Other people work on silly startups, but this shit is akin to HFT.

Re: San Francisco Bubble

#59
There are lots of dumb startups. But a handful of these dumb startups are going to turn into big, meaningful companies that change some aspect of people's lives, hopefully in a positive way (at a minimum they will offer employment). Because of that, it's worth putting up with these "dumb" ones because 0.1% of them will pay off the other ones.

Companies evolve, and some don't stay dumb forever.

Re: San Francisco Bubble

#60

Money has been close to free for years. As the interest rate ticks up everything will change. It's already starting to. More expensive borrowing, less leverage, and better places to put dollars than venture. The one thing I really agree with though is the funny thing that happens here with the word "engineer". If you can make a website you somehow qualify for the title software engineer. By Bay Area standards, I myse…

If you have an engineering degree from an accredited program, you're an engineer. If you don't you're not. The US is very lax with usage of the word but in other countries it's classed in the same way "Doctor" is.
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