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A decade of working in Bay Area tech meant watching kids of rich parents get rich off dubious business plans by creating a startup in San Francisco while their
by bobbytherobot 7y ago
A decade of working in Bay Area tech meant watching kids of rich parents get rich off dubious business plans by creating a startup in San Francisco while their parents buy them a house, pay their expenses and tap into their networks for seed funding all the while the company loses money for over a decade while they become millionaires from selling shares during rounds of fundraising. Then I go for the big guy where they are profitable, but then we are chasing the quarterly earning report because we are scared of what Jim Cramer will say about us instead of the everyday impact on the people who use our products. Yeah, I'm disillusioned with it all. I just want to practice my craft to build useful software for people and live a nice life.
- Gibbon1 7y ago> we are scared of what Jim Cramer will say about us instead of the everyday impact on the people who use our products Reminds me of a thing I read by someone that worked Broadway for at that time 40 years. He said the best thing for Broadway would be to take the NYT art critics out for a ride in the country. Because no one was making plays for the regulars or the tourists, they were making plays for the critics. Same complaints have been made about the wine industry.
- chipotle_coyote 7y agoIt's a great anecdote, but it's hard for me to read that and not immediately think "then explain Andrew Lloyd Webber, please."
- Gibbon1 7y agoGuy made a comment about that, said they've been running cats for the last 1 years because they are afraid to try anything new. If they put on a new play and the critics don't give it a top rating no one comes and they lose money.
- Gibbon1 7y agoOpps meant 12 years. Currently Cats has been running for 38 years.
- buboard 7y ago> build useful software for people and live a nice life. You left us hanging. How will you do this?