ditonal

6 ms·

1.
by ditonal 2y ago
Early executives at those companies did very well. Early employees did well, but risk-adjusted , not really. I know people who were fairly early at those companies and they own nice SFH in the Bay Area but they're still working as Dire
2.
by ditonal 2y ago
This is the “startup myth” that lets the scam perpetuate. The world has changed. Google IPOed just a few years after it founded. Now Stripe, objectively one of the most successful startups ever, still hasn’t IPOed after 15 years. Liquidity
3.
by ditonal 2y ago
You’re obviously overstating the FAANG SWE lifestyle. But beyond that, it’s interesting you picked FAANG SWE and not startup SWE as the basis of your comparison. The whole premise of the article is that startup employees are often sold a ba
4.
by ditonal 2y ago
I’m only excited to work on a product that’s my baby but by my definition , startups that I’m not la founder /exec of can’t offer that. A stranger can’t tell me how to dress my baby. So if CEO overrides me on how my product looks it’s
5.
by ditonal 3y ago
Because FAANG pays equity too. Google will pay a senior engineer 200k base and 250k in liquid stock a year for 450k TC. That stock is also incredibly low risk. If a startup paying market means 450k cash, absolutely there’s no need for equit
6.
by ditonal 3y ago
One thing people need to remember is the world runs on incentives. And on this topic, there is a HUGE incentive to mislead people. The facts are: 1) Tech startups usually need a bunch of good engineers 2) Investors and founders want these e
7.
by ditonal 3y ago
So tired of companies that raise hundreds of millions from some of the wealthiest and most powerful people in the world trying to pull the “we’re a startup” card. You’re not two dudes eating ramen in a garage and you don’t get to use that i
8.
by ditonal 3y ago
It is similar to crypto in that it’s relentlessly hyped by VCs and the product quality does not match the hype or funding. The article is literally about the fundraising so the comments about the fundraising are more on topic than your poin
9.
by ditonal 3y ago
Silicon Valley used to have engineering managers who managed engineering. As the money got bigger we got more grifters / professional manager types. First thing they do is rebrand middle management as “leaders” and the other thing they
10.
by ditonal 3y ago
That’s the opposite of what would be better. We need more engineer solidarity not more divisiveness. Give me a list of your past employers and I can guarantee I can find some sketchball business practice you indirectly contributed to and ma
11.
by ditonal 3y ago
A lot of "rich" tech CEOs don't have massive amounts of cash, they have big equity stakes in their companies. It's paper wealth strongly tied to their company's share price. Many of these companies' share price
12.
by ditonal 3y ago
Let’s not forget that Flexport is one of the darling representatives of YCs portfolio. YC has some verbiage about ethical behavior on their website, but when it’s come to actual tough ethical situations like DoorDash pocketing drivers tips,
13.
by ditonal 3y ago
First, moving from an engineering role to a management role is not "career progression", it's a lateral career switch. Secondly, you don't have to explain anything. Smart hiring managers will understand that you focused
14.
by ditonal 3y ago
Yeah given the author’s expertise in job markets I’m shocked she wrote this as well. I don’t think there’s a single other profession with as much compensation variability as software engineer. I’ve heard it described as bimodal or trimodal,
15.
by ditonal 3y ago
A big part of the reason it failed for decades is because of the challenges of remote work. It can be difficult to onboard, you need higher documentation standards, more asynchronous communication processes. Now many people are gung ho on s
16.
by ditonal 3y ago
Bitcoin as "digital gold" that's easier to procure, store, move around, and split into pieces is clearly a "killer app". Gold has intrinsic value but it's market cap far exceeds that - it requires a "share
17.
by ditonal 4y ago
He actually did when he says they have too much “social good” to build.
18.
by ditonal 4y ago
I can provide two specific examples of "widely held beliefs" that have been mass-banned on Reddit. I also want to note I don't endorse or subscribe to either of these beliefs but I felt neither were deserving of a ban and I w
19.
by ditonal 4y ago
I think the opposite is true. An experienced engineer not as versed in interview prep might hear the question to design something, and go ahead and show how they would design it based on their experience doing it in the real world. The leet
20.
by ditonal 4y ago
100% People regurgitate “they overhired during COVID and now they’re making the prudent decision to cut costs” The first part of the sentence implies poor decision making by weak leaders, so they lose the benefit of the doubt they’re capabl
21.
by ditonal 4y ago
Thanks for your help correcting a really common misconception about bipolar disorder. People want to whitewash mental illness because mental illness can be scary and uncomfortable. There’s this concept of destigmatizing mental illness by pr
22.
by ditonal 4y ago
Poor people? I think rich techies are crazy - or rather, badly misinformed- not to start a union. Exhibit A of poorly informed: grandparent poster seriously thinking he has more individual bargaining power against trillion dollar corporati
23.
by ditonal 4y ago
I don't know why it's so impossible to believe there are people who truly do want free speech. I wasn't sure if Musk was going to deliver it, but I tried to remain open-minded. I did think previous Twitter management leaned l
24.
by ditonal 4y ago
No, people think that if self-custody your private keys carefully, nobody can steal your coins. If you participate in actual DeFi where you keep your keys and participate via smart contracts, nobody can steal your coins. All of this was tru
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by ditonal 4y ago
The poster child for DeFi was never a CEX. The obvious poster child for decentralized finance would be the biggest decentralized exchange in the world , Uniswap. I recognize there are tons of fraudsters who latch onto the vocabulary of cryp
26.
by ditonal 4y ago
Unions are extremely effective at solving what they were meant to solve, There’s a reason Tom Brady is part of the NFL players association. There’s a reason Tom Cruise is in the Screen Actors Guild. These superstars join unions but engineer
27.
by ditonal 4y ago
I'm trying to figure out which part of the post you're replying to suggests that they're looking to work for you but I can't find it. Yet your response presumes it and comes off as presumptuous. Candidates are wise to sc
28.
by ditonal 4y ago
Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers. People have such a hatred for crypto they are overjoyed to celebrate a crypto crash. They were annoyed people they
29.
by ditonal 4y ago
The person who replied to you originally is confused. "Staking" originally meant participating in a proof-of-stake consensus and you get rewarded by the network with the new blocks that are mined. All the Terra / Luna /
30.
by ditonal 4y ago
This is not accurate, but the problem is that staking got way overloaded. Staking should mean partcipating in a proof-of-stake network by using your stake to participate in block validation or delegating to someone else. In most cases you d

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