localcrisis

7 ms·

1.
by localcrisis 4y ago
bank account. tech startups have huge balances compared to lifetime
2.
by localcrisis 4y ago
I was in YC >5 years ago when batches were in person and in the large-two-digit range. The experience of YC is completely different. The class sizes are in the hundreds and many times I've spoken to founders who didn't know ano
3.
by localcrisis 5y ago
You can, but when you're making that much above what a series A or B company pays, it's not a useful number. Having multiple offers that are comparable is what matters. A company can go ±5% but it's not like they offer you $1
4.
by localcrisis 5y ago
> I also talked to a few fintech companies. I entered the discussions with pre-existing biases that these places are stressfull, not innovative but well paying. The conversations confirmed these biases (except the salaries, which were lo
5.
by localcrisis 5y ago
I agree. We tried using TripleByte for hiring but what they screen for and what matters are entirely different. A founder we knew got an angry missive from one of the TripleByte founders because they’d rejected candidates during a final cul
6.
by localcrisis 5y ago
I have had this exact experience with Triplebyte both as an engineer and as a hiring manager. I simply do not care about things like, “what does malloc return”. I do not care what people know about bloom filters in Postgres. The 99.99% of w
7.
by localcrisis 5y ago
Not to mention the preceding paragraph: > When I started at Stripe, I asked to delay my start date until after a family vacation, but my manager just told me to start sooner and take time off later (Stripe was just shy of 100 employees a
8.
by localcrisis 5y ago
His reply is after hours upon hours of getting torn apart for doubling, tripling, twenty-times-ing down on his power trip. And he still believes that some ethical line was crossed.
9.
by localcrisis 5y ago
What IP was stolen? The idea of running code from a web editor? The _button placement_? There’s nothing here that says he’s stolen code or any IP. The CEO doesn’t even claim that he’s stolen real IP. Everything that’s similar is public know
10.
by localcrisis 6y ago
had the same experience with Aileen. Many VCs, founders, and DNI leaders have echoed that All Raise is primarily a way for VCs to improve their personal brand around women in tech. They don't make investments, don't run substantia
11.
by localcrisis 6y ago
https://news.ycombinator.com/item?id=23280811
12.
by localcrisis 6y ago
All over this thread you are responding about the details not being public. The existence of the job search itself is the issue. I'm not sure what's not getting through about that.
13.
by localcrisis 6y ago
Opt-In doesn't help them achieve their product goals. Triplebyte as founded isn't working so they're trying to take a valuable asset they have (engineers looking for jobs) to compete with linkedin The problem with bootstrappi
14.
by localcrisis 6y ago
I tried "find hot local singles in your area" and the top result was /r/vinyls actually very impressed
15.
by localcrisis 7y ago
As a VC, marketing is part of the job. Perhaps the most important part of the job. Getting LPs to invest in your fund encourages strong personal brand building. Getting startups to want _you_ to invest versus others—and for many "great
16.
by localcrisis 7y ago
In that case will you add to your data policy that user data is destroyed in the event of a transfer of ownership? If your promise is genuine then there is no difference for you in doing so.
17.
by localcrisis 7y ago
would be good to hear what they plan on doing instead. YC China was a bet at doing something different. With that gone—and idk if it should have stayed or gone.. sometimes experiments fail—what is YCs plan? Invite 200, 300, 500, 20,000 comp
18.
by localcrisis 7y ago
It’s interesting to watch the disconnect between the outwardly liberal/left side of Silicon Valley and its complicity in these things. Take one example, Garry Tan was an early member of Palantir but went on to be a partner and Twitter
19.
by localcrisis 7y ago
Maybe I'm misunderstanding your target customer. Are you only focused on enterprise? The pricing comes across as something like "forced obsolescence." Forced handicapping? You might not have meant it that way but many of the
20.
by localcrisis 7y ago
my dude why're you talking in latin this ain't pompeii
21.
by localcrisis 8y ago
Same experience with the Tic Tac Toe, then again with the rest of the interview. There were a lot of Googlable boilerplate questions (e.g. "what does malloc return?", "what's a bloom filter?") that, as a product eng
22.
by localcrisis 10y ago
I don't think the comment you're pointing to is saying that she should have done more, but that others in the company should have; that to expect her to have done more is lacking in empathy for the difficulty of the situation sh
23.
by localcrisis 10y ago
I think this differs from the election in that we, Silicon Valley, have tacitly assumed that "things are different here", that 2017 San Francisco is different than 2017 Louisiana. That may be the case, but we still have a long way
24.
by localcrisis 10y ago
If I'd seen this in a horror movie 10 years ago, I'd probably have laughed. There is something about it being real that truly terrifies me.
25.
by localcrisis 10y ago
Great article. Even if startup equity is a gamble, everyone should benefit equally if it pays off. Who's going to invest the energy to build something world-changing if they can't trust that their ownership means anything?
26.
by localcrisis 11y ago
This sounds similar to dating sites. A happy user is one who doesn't need you anymore! The thing is, dating sites solve a known problem that a lot of people have, but by no means does it end there. Relationships are hard and take work,
27.
by localcrisis 11y ago
The numbers here always amaze me. Would they be better off keeping Yahoo going than, say, investing $20bn into the next generation of startups? Just imagine a $20bn seed fund and the type of companies that could be funded. Startups in more
28.
by localcrisis 11y ago
> fortunes are built on compound interest This makes sense to me more on the scale of a single company. Put together a great team and focus them on a long-term problem. Their year-over-year drive and passion will outlast the rollercoaste
29.
by localcrisis 11y ago
I think most of the time people just want to speak with that person. They don't know what they're looking for, just that this person is smart and hope they'll provide direction/insight/promotion. Forcing someone to
30.
by localcrisis 11y ago
To a small business owner, I'm not sure they know or care about the difference. Zenefits advertises themselves as payroll, benefits, and HR. Defintely see your point though it seems like a distinction customers won't know

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