Interesting to see some of the comments from people who are so buried in the bubble that they can't see how bad these companies often are.
I feel like this insanity started in SV and has grown out to the other tech hubs over the past 10-12 years. Whatever the case it's made me glad I never managed to move out to SV.
I've tried to navigate my career around not ending up at this kind of company. The common things IMO:
- Not profitable
- Keep getting more rounds
- Likely B2C
- Likely involved web marketing, ads, etc..
- Likely involvement in "social".
They're all a gamble.. if you're young/single and have little to risk and you go to one of these and it hits you might win big.. but they've never been safe/responsible companies.
I did work for 1 year at one place that I quickly realized was super messed up. It was amazing to me when they IPOed with accelerating losses.
It wasn't always this way.. you used to have to make solid product with a business model that clearly showed growth AND profitability.
I feel like this insanity started in SV and has grown out to the other tech hubs over the past 10-12 years. Whatever the case it's made me glad I never managed to move out to SV.
I've tried to navigate my career around not ending up at this kind of company. The common things IMO:
- Not profitable
- Keep getting more rounds
- Likely B2C
- Likely involved web marketing, ads, etc..
- Likely involvement in "social".
They're all a gamble.. if you're young/single and have little to risk and you go to one of these and it hits you might win big.. but they've never been safe/responsible companies.
I did work for 1 year at one place that I quickly realized was super messed up. It was amazing to me when they IPOed with accelerating losses.
It wasn't always this way.. you used to have to make solid product with a business model that clearly showed growth AND profitability.