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> a) work at Twitter and other startups which requires 60+ hours of work. High workload / High Reward Twitter is not a startup, and my understanding is startup
by tablespoon 4y ago
> a) work at Twitter and other startups which requires 60+ hours of work. High workload / High Reward
Twitter is not a startup, and my understanding is startups are only "high reward" if your bet pays off (e.g. you got in early enough AND the startup was successful enough).
> Most devs are completely out of touch about the economic reality. Now they have to work hard like the rest of other industries.
Your a/b binary choice is out of touch in its own way.
- deltree7 4y agoThis is exactly what I mean by 99% HN dev cohort completely out of touch with reality. Twitter is absolutely a startup. They are trying to a) find product market fit with a new vision b) Have negative cash-flow, so everyone has to workhard to reduce burn rate. c) Will have new fresh equity issued them with high upside rewards. d) Will have a liquidity event in a couple of years (IPO) For all practical purpose, Twitter is a startup. Musk will issue new equity
- tablespoon 4y ago> Twitter is absolutely a startup. They are trying to a) find product market fit with a new vision b) Have negative cash-flow, so everyone has to workhard to reduce burn rate. c) Will have new fresh equity issued them with high upside rewards. d) Will have a liquidity event in a couple of years (IPO) That sounds like a very idiosyncratic definition of a "startup" that would match all kinds of poorly performing companies no one would label a "startup." I think being new, small, and chasing orders-of-magnitude upside from that small start are pretty key to the conventional definition, neither of which apply to Twitter anymore.