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Top 5 companies by market cap in 2007: Petro China, Exxon, GE, China Mobile, Industrian and Commercial Bank of China Top 5 companies by market cap in 2017: A

by nikcub 9y ago

Top 5 companies by market cap in 2007: Petro China, Exxon, GE, China Mobile, Industrian and Commercial Bank of China Top 5 companies by market cap in 2017: Apple, Alphabet, Microsoft, Amazon, Berkshire That's a hell of an illusion

myroon5 9y ago
Adding even further to your point, Facebook is actually #5 over Berkshire.
imdisappoint 9y ago
It's a good point. But I'm alluding more to budding companies, not established companies. Granted Facebook didn't IPO until 2012. But, as far as I can tell the software industry has contracted into those big 5 tech firms. The siren call of working at a startup and making it is sounding strident. Knowing what you know now, what startup, if any, would you have joined 5 years ago? Would you join any startup now?
- discreteevent 9y ago
  Not everyone joins a start-up to make millions. Some will join just to make a living. There are plenty of startups that can provide a living for a few people with the potential for a bit of nest egg later on. That and the sense of involvement/freedom can be more attractive than a job at big co
- eldavido 9y ago
  I think it's getting harder and harder to justify. Especially given what mid-career devs at these companies are earning. $150-200k base plus 100k/yr or more in stock after a few years, that's far cry from 90k + 0.1% of some junky seed company with about a 1% chance of IPO. If you look at my comment history you'll see I've been saying this for a while and I think it'll only get more true with further industry consolidation, which will make it both harder to displace incumbents product-wise, and harder to compete with them salary-wise.
- deleted 9y ago
  [deleted]
monkmartinez 9y ago
The market isn't the economy for starters. Furthermore, you can't talk about the market without talking about the FED, do you want to include that?
- maverick_iceman 9y ago
  Would ~$500B in revenue count as the economy?

by nikcub 9y ago

myroon5 9y ago

Adding even further to your point, Facebook is actually #5 over Berkshire.

imdisappoint 9y ago

It's a good point. But I'm alluding more to budding companies, not established companies. Granted Facebook didn't IPO until 2012. But, as far as I can tell the software industry has contracted into those big 5 tech firms. The siren call of working at a startup and making it is sounding strident. Knowing what you know now, what startup, if any, would you have joined 5 years ago? Would you join any startup now?

discreteevent 9y ago
Not everyone joins a start-up to make millions. Some will join just to make a living. There are plenty of startups that can provide a living for a few people with the potential for a bit of nest egg later on. That and the sense of involvement/freedom can be more attractive than a job at big co
eldavido 9y ago
I think it's getting harder and harder to justify. Especially given what mid-career devs at these companies are earning. $150-200k base plus 100k/yr or more in stock after a few years, that's far cry from 90k + 0.1% of some junky seed company with about a 1% chance of IPO. If you look at my comment history you'll see I've been saying this for a while and I think it'll only get more true with further industry consolidation, which will make it both harder to displace incumbents product-wise, and harder to compete with them salary-wise.
deleted 9y ago
[deleted]

monkmartinez 9y ago

The market isn't the economy for starters. Furthermore, you can't talk about the market without talking about the FED, do you want to include that?

maverick_iceman 9y ago
Would ~$500B in revenue count as the economy?