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It’s just a function of public markets having no alpha. Reckless spend in the private markets makes it this way. Crypto is the next stage. Excess supply with

It’s just a function of public markets having no alpha. Reckless spend in the private markets makes it this way. Crypto is the next stage. Excess supply with nowhere to go. The sad part of it is that there are now a million startups with no real tech or distribution advantage raising easily simply because of how the markets are. Hoping the macro climate changes and we focus on real innovation (unlike one click checkout and hoodies)

indus 4y ago
1. crypto is a whole different ball of wax. not even going there in the current conversation. 2. Looks like macro is changing and some sobriety is coming back.
- tmpz22 4y ago
  All I know is the world lost a ton of good projects to VC-snake-oil-preferences and FANNG RSUs.
  - indus 4y ago
    How does faang rsu relate to venture?
    - Apocryphon 4y ago
      Talent going to rest and vest at lucrative cushy megacorp jobs or else toiling away on projects that would never see the light of day due to bureaucracy at the same megacorps, rather than working at riskier, more imaginative, companies? Though you can't blame it exclusively on FAANG when rapidly rising living costs since 2008 and the housing crisis in tech hubs tend to force workers to seek the safest, most stable career paths.
    - recursivenature 4y ago
      FAANG RSUs relate to venture, and by extension startups, for two reasons: (A) - They make it harder for startups to hire the "best" talent because it is locked up behind a vesting schedule at a FAANG. (B) - It makes it harder to hire other non-FAANG folks because the comp baseline is so high. Why work at a startup for X w/illiquid options when I could work at FAANG and make X*2 + RSUS that are fairly liquid. Even if those compensation expectations are unrealistic outside of FAANG, they are still there. This also increases the amount of money startups need to raise by default just to get baseline talent -> leading to over-raising and overvaluation -> leading to benchmarks that are unrealistic -> leading to unnecessary flameouts -> leading to aqui-hires by FAANG.
evansmidwa 4y ago
There's a lot of opinions on this, especially on reddit

indus 4y ago

1. crypto is a whole different ball of wax. not even going there in the current conversation. 2. Looks like macro is changing and some sobriety is coming back.

tmpz22 4y ago
All I know is the world lost a ton of good projects to VC-snake-oil-preferences and FANNG RSUs.
- indus 4y ago
  How does faang rsu relate to venture?
  - Apocryphon 4y ago
    Talent going to rest and vest at lucrative cushy megacorp jobs or else toiling away on projects that would never see the light of day due to bureaucracy at the same megacorps, rather than working at riskier, more imaginative, companies? Though you can't blame it exclusively on FAANG when rapidly rising living costs since 2008 and the housing crisis in tech hubs tend to force workers to seek the safest, most stable career paths.
  - recursivenature 4y ago
    FAANG RSUs relate to venture, and by extension startups, for two reasons: (A) - They make it harder for startups to hire the "best" talent because it is locked up behind a vesting schedule at a FAANG. (B) - It makes it harder to hire other non-FAANG folks because the comp baseline is so high. Why work at a startup for X w/illiquid options when I could work at FAANG and make X*2 + RSUS that are fairly liquid. Even if those compensation expectations are unrealistic outside of FAANG, they are still there. This also increases the amount of money startups need to raise by default just to get baseline talent -> leading to over-raising and overvaluation -> leading to benchmarks that are unrealistic -> leading to unnecessary flameouts -> leading to aqui-hires by FAANG.

evansmidwa 4y ago

There's a lot of opinions on this, especially on reddit