randomacct3847

Levi’s, Williams Sonoma, Gap/Old Navy

As someone who has worked in sf tech for 5-6 years I feel like I’ve gotten to the point where I’ve become too critical of the industry to continue working in it.

Pointless article. What apps are they even talking about? The only thing I could remotely think of if they’re talking about buying guns online is some dark net market linked to from a TOR browser app.

Honestly if a kid can not only figure out how to get to a dark net market but set up a bitcoin wallet, convert fiat to bitcoin, use PGP to decrypt/encrypt messages, and figure out how to get things delivered without their parents knowing then are they really just kids?

I was under the impression that css grid had become the preferred way to layout pages now over flexbox?

The opportunity to earn that much is available.

When I went to college only a few years ago the best paying jobs in consulting and banking were largely gated by what school you went to. Now students from “non-prestigious” schools or no formal schooling at all have a good chance at earning that much.

It’s a well known median for technical roles at Bay Area tech companies

300k is median comp for Bay Area tech companies..

The majority of them? ICs in software skew young.

I would put DINKs in the same group, yes (double income no kids). Kids are a very big expense, even for high earners, and actually especially in pricey areas like Silicon Valley because housing near good schools commands an even higher premium than average for that area.

the median age of a FANG worker is under 30 and median total comp for a technical role in those companies is around $300k all in

If you make the median tech salary of $300k and live on a fraction of that it doesn’t take that long to save $1m...

Point is there’s no magic to becoming a millionaire if you have minimal expenses and single.

Anecdotally seems like impossible burger has been more commercially successful

Anyone else find the Patreon experience very slow and janky? The entire experience feels like a bootcamp final project and not a company with top engineering talent 5+ years in the making.

The fact there’s only 6k sales a year is pretty telling.

Intermittent fasting, keto, no sugar at all.

Investing. Q1 was a record quarter for the stock market...

Many private equity firms are the real owners of a lot of brands you probably heard of i.e. JAB holdings owns Peet’s coffee, Panera, Pret, Krispy Kreme, Krueger, etc etc

How much insider trading happened today.

I’ve become super bearish on Netflix. At some point the masses will realize how bad the selection is for the money you pay.

Isn’t it obvious that funding public schools with local property taxes is what has created this messed up system where your zip code has a disproportionate impact on the quality of your education?

I’ve commented on how scammy Amazon is multiple times on here. For whatever reason I feel like there are more people on HN ready to defend Amazon than not and call out those who say it’s become scammy as “overreacting.”

Anyone else feel like tech workers are now bucketed in “just show me the money” and “oh my god what have I enabled” groups?

Media companies can most certainly be massive multi bil companies. There is a reason why telcos are buying up media companies (e.g. ATT buying Time Warner/HBO and Comcast buying NBC) and some of the richest billionaires are media tycoons.

I think HQ is on the right track but I don’t see the current team being the right team to turn it into the next big media play. The future of live TV should be heavily interactive.

Did you read the WSJ article? https://www.wsj.com/articles/the-tech-whiz-behind-vine-and-h...

The reporter basically insinuates that Rus had been aggressively trying to undermine and get employees to turn on Colin for a year and leaves an open question on whether stress resulting from their toxic relationship contributed to him increasing his drug usage.

Basically, it was maybe not a complete accident unrelated to his work.

The company has been diversifying hosts and games for awhile now. I never thought the success of the company was going to or should ride on him alone.

I’m saying I don’t believe whatever private valuation they have. Wealth management is a lifestyle biz at best unless you get to Blackrock scale. I believe that is what they are pitching investors to get whatever valuation they have now but I am extremely bearish on these companies. Robo investing has been largely commoditized and AUM will inevitably tank with the next recession.

FWIW the only reason I’ve heard about Lambda School is because people I follow either liked, retweeted, or mentioned Lambda School so many times that I could not have heard of it.

I don’t know if there’s a name for it, but it’s basically “get your CEO and influential investors” to incessantly tweet about your company.

Not sure if it’s considered pure content marketing but a mix of content + influencer marketing.

I think you’re overestimating the revenue an asset manager makes with $11b assets under management (AUM).

They aren’t a hedge fund (no profit sharing) and take .25% in fees a year. $11b *.25% is only $27.5m. Hardly a unicorn scale business IMO unless they are pitching investors they’ll get to Blackrock scale (trillion in AUM). Personally I don’t see it. Switching cost is big for existing clients but new clients have a bunch of Robo options now including free ones offered by Schwab, big banks, etc.

For some perspective, after college I worked for an investment fund with around $3b AUM with around 7-8 full time staff with a similar fee structure...it was basically a nice lifestyle company for the two founders.

I think the key is sleep...

I think the market has already realized that Amazon retail is beatable. There’s been a resurgence in stocks that were once falling like a knife because everyone thought Amazon would destroy them...among them Best Buy, Etsy, Shopify, etc.