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This was from 2013. The general climate here has turned pretty hostile to startups since then. The prevailing advice here is now to land a FAAMG job and slack o
by blululu 5y ago
This was from 2013. The general climate here has turned pretty hostile to startups since then. The prevailing advice here is now to land a FAAMG job and slack off with a high standard of living, rather than slaving away at a startup to boost someone else’s capital. What remains is people sharing their side projects, going off-topic and wasting their time one way or another.
- cortesoft 5y agoWhen did FAANG become FAAMG?
- kartoshechka 5y agoit's the comment from the recent post "who else would put M in FAANG besides a Microsoft employee?"
- jstx1 5y agoIt makes some sense - if you replace Netflix with MS, the list will be the 5 largest tech companies. Netflix is only there because of how the term was coined in the first place - FANG (originally without Apple) was a list of stocks that Jim Cramer liked around 2013 and the acronym caught on and evolved from there.
- rdiddly 5y agoI always wondered why the hell Netflix was even on the list, so thanks.
- HPsquared 5y agoIt's like the BRICs countries - Brazil doesn't really fit.
- FillardMillmore 5y agoCurious, is Jim Cramer generally respected by the crowd that frequents HN?
- TuringNYC 5y agoDoubtful, but sometimes a good acronym is worth a thousand words.
- deleted 5y ago[deleted]
- Nevermark 5y agoI had not come across FAAMG but I like it, even if I have trouble saying it. ("MAGAF"? Hmmm. "GAAMF"?) Netflix has never been an aspirational overlord type company like the others. Even though Microsoft is no longer at its peak, its dual presence via OS and cloud keep it in sustainable wannabe overlord position.
- croes 5y agoI thought it's G-MAFIA.
- jstx1 5y agoGive Microsoft some credit - they're the second largest company in the world with over $2 trillion market cap. Sure we're not in the 90s anymore and their image, position in the markets and in the zeitgest is a bit different but "not at its peak" is a bit harsh. As far as acronyms, I like FAAAM (replace Google with Alphabet).
- Nevermark 5y agoMicrosoft is doing wonderful as a business. But their #1 stranglehold position in tech went bye bye when they dropped the ball in the OS area by whiffing fantastically several times as mobile rose to dominance. In cloud they are significant, just not dominant either. But as a cash cow they are still a king.
- onion2k 5y agoYou assume that their current market position is because they dropped the ball rather than a deliberate choice to step back from being the prominent leader. They're making more money than ever, they've essentially fixed their reputation from the Ballmer years, they can attract top talent, and they can work on projects without massive public strutiny and commentary now. I think it was Microsoft are exactly where they want to be.
- ThrowawayB7 5y agoWhen the people who had been laughing at Microsoft for years as being a washed up has-been came to the realization that it currently has a valuation of over $2 trillion and is still growing.
- StreamBright 5y agoWhen Microsoft started to take Javascript seriously.
- sxp 5y agoPersonally, I still use FAANG and assume the N stands for N\icrosoft.
- Bayart 5y agoWhen Microsoft resurrected from the dumpster of tech and became proactive again.
- PragmaticPulp 5y ago> The general climate here has turned pretty hostile to startups since then. The prevailing advice here is now to land a FAAMG job and slack off with a high standard of living Some times I stumble upon really old HN threads in Google searches and end up missing the quality of old HN discourse. It was never perfect, of course. Nor is the modern version without upsides, as there are often good pieces of wisdom if you sift through enough noise in the comments. However, modern HN just feels so deeply cynical, angry, and negative with much less of the entrepreneurial tech optimism of the older posts. It’s also starting to feel weirdly disconnected from reality in the way that the extremes of Twitter, Reddit, and Facebook have become echo chambers after consuming non-stop bad news. It’s like people read so many outrage tech stories here that they forget there is an upside to the tech industry. Big Tech hangs in a weird balance where we’re simultaneously supposed to hate and distrust FAANG companies but also at the same time we’re told to seek out FAANG jobs where we can maximize compensation. The key to enjoying HN is to ignore any thread remotely related to politics, FAANG, social media, economics (where the comments are actually just about politics), drugs, or open-source drama. Sadly, the most interesting content links (great blog posts, writings, knowledge, new projects, and so on) generally get fewer upvotes than outrage topics. I try to make a point of actively upvoting the content I want to see here every time I visit.
- N1H1L 5y agoI think we are all older now?
- deleted 5y ago[deleted]
- donaldihunter 5y agoEvergreen comment.
- 6510 5y agoPolitics should be interesting to a programmer if one can write a program or use data to do something useful. (or talk about doing that) You have to force the conversation in that direction. Like for a chemist everything is about chemistry. They know its not but pretending sure makes things a lot more interesting.
- kbenson 5y agoThis is my favorite online place to waste time, after all. And yes, I've given up any dreams of starting my own thing. You pretty much just described me, except not FAAMG (but I am happy where I'm at). I don't mind this description at all (there's a freedom in giving up even just the dream of the hustle).
- M5x7wI3CmbEem10 5y agowhere is this advice lol?