1290cc

Doesnt Altman own 20% of Ive's "startup"?

Corporate hackathons are like stadium concerts, not quite as good as dive bar gigs.

Literally what the CEO of Snowflake did, by posting a long corporate speak linkedin post everywhere on the web.

There is an opportunity cost to starting a new business. Depending on market and your experience it can take several years before you get anywhere close to earning the same level of income as a mid to senior level FAANG employee. There is also the time commitment to dealing with everything outside of being an IC (taxes, healthcare, finance, marketing, disputes, legal).

To anyone exploring starting a new business I would keep the day job and suffer until you get to a point where the business is on a good clip and you can dedicate all your time to it. Otherwise spending 20 years at FAANG and enjoying your life is really not a bad way to live, in fact its a dream to 99% of the planets population.

Just look for companies that are profitable (read their financial statements) and have long average employee tenure (use linkedin premium, check company insights). I'm returning to a boring/old tech company because the benefits were better than any startup I worked at, I was making $400k-500k/yr, I had free time after hours and enjoyed my weekends.

I use web hooks now and they work really well for asynchronous situations. Spinning up a base app in node to do this is super simple and much easier to maintain than doing it in a kafka message bus.

Nice to see so many developers owning up to the "resume building" and being pragmatic about solving human/business problems versus technology for the sake of it.

Age 13-29, I mostly had oodles of free time to listen, explore music and a network of friends sharing their discoveries. Age 30-40, I got really busy and had more people involved in my professional and private life so it became harder to fit in music exploration (something I really enjoy). And less friends sharing their music.

I think streaming has a lot to do with this as my parents had a monthly record club they organized. A bunch of friends with their kids got together at someones home, made dinner, drank and listened to new music in the background.

SBF was a bright kid that was further enabled by his parents and the environment he grew up in. Imagine taking peoples life savings and being on speed while arbitraging exchanges? Thats some real hubris to not reflect that you might make a mistake at some point. The intellectual arrogance further indicts his parents who likely cheered him on.

This only makes sense when upholsterers dont cost more than buying an entirely new sofa. My family used to reupholster furniture every 5 years and it was cheap because my mother had an interior design firm and got very good rates.

I tried the same here in the US with some high end Scandinavian furniture ($5k), the quote was up to 1x what I originally paid. In the end it made sense to just buy new again.

The cost of labor of where you reside has a significant effect on whether you purchase another 'junk' piece of furniture.

Love the idea and lived in London to experience this. Amazing way to work but long term living is expensive as everyone wants to live like this, the photos shared in the article in London and Amsterdam are some of the most expensive places to reside. I believe what many feel is this is just another development exclusively for the $500k+/yr family and ultimately will lead to more traffic congestion for the surrounding areas and less affordability for surrounding towns.

As others have commented why not redevelop existing cities, rather than creating more urban sprawl? If bureaucracy/corruption in local government is a problem then fund politicians and get voters out to change this. Why arent feds involved in redevelopment? SF/Oakland/Berkeley are nowhere near the dense living of europe but they are going in the right direction. The problem these cities have is they simply arent run very well and have weak leadership that flop along with whatever the current thing is.

bingo.

so many companies raised on sky high evaluations in the '21-'22 vintage, that its going to be a tough ask to keep going now the market has reset and valuations returned to the mean.

You're completely right to feel this way.

Reading about your struggles made me reflect on my twenties in tech and what a day to day looked like. Most mornings would start on a tube commuting into central london, getting to see how people dress, was anyone attractive on my route? what music should I listen to on the way? Then getting into the office, I worked with with engineer that was a developer at roscosmos and escaped the soviet union. We would walk the streets of london and discuss what problems we were going to solve that day and have a morning espresso while doing it. The city was always buzzing with traders and office workers. Work was tough but I had a lunch outside to look forward to with my team. If it was thursday or friday most of us would head to a pub for a late boozy lunch or end up at bricklane for a curry and the night just went on and on.

Amazing time and when I compare that to the last few years of remote work it cant even come close to the interactions and experiences I gained during that time. My day to day has been wakeup, grab a coffee, walk into my office and start responding to emails. I then try to squeeze in time to walk my dog and then get back to continue more meetings and zoom calls. Once the day ends I'm pretty exhausted and try to get outside to ride my bike or go to the gym. I physically interact with less than 2 people a day. My wife and the barista at the local coffee shop.

I completely empathize with how you're feeling!

Thank you for sharing, I've had similar frustrations since the iPhone 11. The only constant I've been able to compare against is that my keyboard typing has not declined in accuracy.

Personally, I'm starting to applaud Zuckerberg for the risk he's taking with this project.

Despite all the hate Meta is getting, we can't forget this is exactly what we all want in the tech world. Established companies making bold, borderline crazy investments into R&D for new markets - remember how yesterdays leader became irrelevant? Usually you would see this taking place outside of the corporation via funding for smaller startups but in this case got the CEOs direct involvement and focus which is intriguing.

This is the correct answer, Elon will not be as generous when cutting numbers.

I'll never forget letting go of staff in France and Italy. The employees were overjoyed we were letting them go and got into fights over who would be taking the packages. I learned that they received 1 year of salary upfront tax free with a bunch of additional benefits to help with job training and placement.

An average middle manager friend has had this happen 3 times, each time after a US acquisition. He now has a chateau in the south of france and is very happy with himself.