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Worth adding >>> And in Silicon Valley, engineers and executives are bolting from cushy jobs in droves to join the crypto gold rush. No they do not. I am an e
by di4na 5y ago
Worth adding
>>> And in Silicon Valley, engineers and executives are bolting from cushy jobs in droves to join the crypto gold rush.
No they do not. I am an engineer in a technology heavily used by crypto projects and they have a really hard time recruiting.
Engineers slam the door in their face the moment you tell them the opening is for this industry.
- AlexCoventry 5y agoI'm not directly connected to Chainlink's recruiting, but as far as I can tell as an employee, many engineers are enthusiastic about working here. https://careers.chain.link/ https://careers.chain.link/
- jonathan-adly 5y agoOpposite anecdote, I would be happy to take a 30% paycut to work on (some) crypto projects and actually do 60+ hours of work (I do like 10 hours in my cushy job now). Unfortunately, I am not in SV and don't have a padded a resume, and they are flooded with better applicants - so I can't even compete.
- woah 5y agoPlease apply: https://informal.systems/careers/ https://informal.systems/careers/
- catsarebetter 5y agoYup that statement is factually incorrect, many silicon valley engineers are jumping to web2 tech companies bc the pay is so damn high right now, very few engineers in crypto at the moment.
- xmprt 5y agoNot to mention that anytime I see extremely high pay in crypto companies I think the salary is overinflated because they are paying a large portion in tokens.
- fragmede 5y agoTrue! Eg this one at Silo Finance for a senior smart contract dev: https://www.ziprecruiter.com/c/Silo-Finance/Job/Senior-Solidity-Engineer-($750K-Year)-(Remote)/-in-Austin,TX?jid=74ec412fabb02c38&lvk=C4usRA_qmy_OGkuuQMO9ow.--MOPm6n6JR https://www.ziprecruiter.com/c/Silo-Finance/Job/Senior-Solid... Base: $300k Token-options: $450k
- jasonwatkinspdx 5y agoWorking for a crypto startup can be a negative on your resume/CV as well.
- phone8675309 5y agoI would not hire anybody with a crypto startup on their resume.
- twox2 5y agoYou might be surprised to learn that most of these people have no interest in working for you either.
- phone8675309 5y agoGood, looks like our interests align, so there should be no problem then.
- trophycase 5y agoFormer newspaper exec probably: "I would never hire someone who started out writing a blog"
- galaxyLogic 5y agoI would never join a club that allowed people like as its members - Groucho
- phone8675309 5y agoI don’t think that’s quite equivalent unless all bloggers are somehow furthering a scam whereby they make the currently ultra-wealthy more ultra-wealthy at the expense of late-comers while also fueling the destruction of the environment through the intentional wasting of resources (proof of work).
- ditonal 5y agoIn the Hacker News bubble, working for anywhere is a negative on your CV. Amazon treats its warehouse employees badly, Google creates a surveillance state and bows to authoritarians, Facebook drives engagement with hate/dissent, AirBnB is causing a housing crisis by turning long term rentals into short term rentals, Apple has Chinese sweatshops, Netflix and Spotify run controversial content, Uber/Doordash/Lyft/Instacart exploit gig workers, etc. In reality, practically nobody cares and most employers are more than happy to hire experienced engineers who happened to work at some employers who did sketchy things. But, if we're going to drill down into the ethics of crypto startups, I think they come out looking pretty good in comparison. It's worth noting that the author of this post works at Hubspot which literally had an entire book written about how its workplace culture was highly discriminatory, particularly against older workers.("Disrupted: My Misadventure in the Start-Up Bubble ") Engineers in glass houses....
- celticninja 5y agoInterestingly this isn't just for engineers. I know someone who was looking at a role offered by a crypto exchange for a company secretary but they were having a hard time attracting people from the traditional finance industry into the realm of crypto.
- cageface 5y agoYeah when I was job hunting recently I didn’t even consider any crypto jobs even though there were a lot of listed openings using Rust and I would like to have a chance to work on a real Rust codebase.
- dvt 5y ago> No they do not. I am an engineer in a technology heavily used by crypto projects and they have a really hard time recruiting. Absolutely not true and this is very typical HN bubble-speak. Been helping with hiring engineers for a stealth crypto startup for the past 6 months, and getting some of the best applicants I've ever seen, most coming from FAANG. To add to this anecdote, one of my friends (FB product manager) was telling me ~Oct last year that a lot of engineers are leaving her team or churning for either TikTok or crypto startups.
- insulfrable 5y agoThat says a lot more about Facebook and the type of people it attracts than it does about the crypto industry.
- Karrot_Kream 5y agoFacebook is a huge employer, it makes it hard to believe that if they're losing folks to crypto companies that it's somehow localized to Facebook. What does this have to do with Facebook and the "type of people it attracts"? Are you arguing somehow that Facebook hires a very particular type of engineer despite common knowledge that the folks that work at one FAANG will usually be willing to work on other FAANG companies? Or do you deny that FAANG companies have the number of people to make the original statement true?
- insulfrable 5y agoFacebook is a company with shady ethic that attracted people willing to look the other way because the money is too good. But they just lost 37% on the "too good" money. So where do you think these people are going next?
- Karrot_Kream 5y agoYes and? The original statement was that crypto is having a hard time hiring, the GP rebutted that saying they're seeing FAANG engineers leave. You then try to make an ethical argument. So? What does that have to do with the reality that FAANG, who employes lots of engineers, is losing engineers to crypto? Or do we need to move the goalposts and scope this discussion to "ethically-approved" (TM) companies?
- Karrot_Kream 5y agoThis hasn't been my experience at all. I feel like this is just pandering to group sentiment. My work (household name so we work with a lot of companies) has been seeing increased spend from crypto companies and so we've talked with a few folks from these companies and they've been hiring headcount like crazy. We've had lots of our own engineers churn to crypto companies also. Yeah they won't get the anti-crypto-bubble engineer or Stephen Diehl (who's been astroturfing crypto because he works on his own blockchain company), but there's no need to project your personal biases into the entire industry. It is a gold rush though, so there's a high likelihood it will all go bust soon. Let them fail if you hate them but stop spreading inaccurate statements.
- deleted 5y ago[deleted]
- pavlov 5y ago> Stephen Diehl (who's been astroturfing crypto because he works on his own blockchain company) If you criticise crypto based on general software engineering experience, the cryptobros say: "You don't know what you're talking about!" If you criticise crypto based on experience trying to actually use it, the cryptobros say: "You're astroturfing!" Thus the only people allowed to discuss crypto are seemingly those with a financial interest in token prices going up. Funny how that works.
- jjtheblunt 5y agoAstroturfing means what?
- detaro 5y agohttps://en.wikipedia.org/wiki/Astroturfing https://en.wikipedia.org/wiki/Astroturfing > Astroturfing is the practice of masking the sponsors of a message or organization (e.g., political, advertising, religious or public relations) to make it appear as though it originates from and is supported by grassroots participants. It is a practice intended to give the statements or organizations credibility by withholding information about the source's financial connection.
- dogman144 5y agoWhat is seen most often is NYC or equivalent finance traders and executives bolting into crypto. It seems hard for firms below the Coinbase/Kraken/heavy hitter trading shop bar to pull serious resume hires out of SV, but quite a few Managing Director+ level hires moved over into crypto. My sense is the NYC finance realize a core aspect of crypto - you might not think it's money, but enough people do, and there's an active market for it, so there is quite a bit of money to be made.
- pavlov 5y agoThere's an important nuance to this: enough unsophisticated people think it's money, so there's lots of opportunity for finance people to make money. Traditional finance is well-trodden, every arbitrage opportunity has been tried decades ago. But crypto is full of doe-eyed innocents who think they're reinventing finance. Of course experienced traders want to take advantage of them. It must be more fun than ye olde eurodollar bonds, or whatever.
- dogman144 5y ago> enough unsophisticated people Well, sophisticated people also think it's money, but they entered '12-'17 and stopped talking about it. A more recent example though is Neuberger Berman's entrance. The tragedy of the crypto moment is serious folks who didn't come from crypto made up their minds about it and did it a while ago, but articles like OP run interference against "everyone else" doing the same. Some links: https://medium.com/john-pfeffer/an-institutional-investors-take-on-cryptoassets-690421158904 https://medium.com/john-pfeffer/an-institutional-investors-t... https://en.wikipedia.org/wiki/Wences_Casares https://en.wikipedia.org/wiki/Wences_Casares > Casares was the entrepreneur to convince Bill Gates, Reid Hoffman, and other tech veterans in Silicon Valley to invest in bitcoin https://en.wikipedia.org/wiki/Pantera_Capital https://en.wikipedia.org/wiki/Pantera_Capital - scope out Morehead's background.
- twox2 5y agoThere are financial mechanics that exist only in the scope of DeFi and not in traditional finance. It actually IS new in a lot of ways and skilled folks are teaming up to make a killing, not just experienced traders. Take a look at what's happening in the "MEV" space. None of this existed in traditional finance.
- twox2 5y agoWhat? So many of my peers are moving to crypto companies in droves or moonlighting as devs on crypto projects. The money is really good too.
- deleted 5y ago[deleted]