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I feel like startup culture changed a lot after like 2011ish. Risk tolerance isn't really there among the employees anymore, but that's fine because early stag

I feel like startup culture changed a lot after like 2011ish. Risk tolerance isn't really there among the employees anymore, but that's fine because early stage employees aren't getting compensated appropriately anymore anyway. I felt like I got into this for the promise that coworkers would start new businesses and there would be all of this opportunity and none of that has materialized. Granted, I worked with Tom Lehman before he founded Genius, but that's a pretty singular case. And another coworker from that job founded a chain of kickboxing gyms. I guess I have loads of ex coworkers who founded crypto scam shit over the years though, but the vast majority of people just moved up corporate ladders. Maybe things would be different if I worked in SV, but my experience with tech in NY/DC has generally been that it's dominated by an extremely risk-averse group of the silver-spoon class on one side and get rich quick schemers on the other.

alephnerd 1y ago
> my experience with tech in NY/DC has generally been that it's dominated by an extremely risk-averse group of the silver-spoon class on one side and get rich quick schemers on the other I'd agree to a certain extent with regards to the East Coast tech scene. It definetly feels much more immature than what you would see out West (Seattle and Austin have startup scenes similar in operational mindset to the Bay Area/SV scene).
lumost 1y ago
In the 2000s startup workers tended to do better financially and be better than their peers at large firms such as HP, Delll, Cisco and others. Even discounting equity, the compensation was higher. These individuals went on to start firms using the experience and money that they acquired. If you contrast this with modern tech workers, while you can get the experience in multiple ways - you can only get the compensation at large firms. Few startups pay well enough to give employees financial freedom. Add to this, many “startups” are simply small businesses that are pretending to grow and be tech focused.

alephnerd 1y ago

> my experience with tech in NY/DC has generally been that it's dominated by an extremely risk-averse group of the silver-spoon class on one side and get rich quick schemers on the other I'd agree to a certain extent with regards to the East Coast tech scene. It definetly feels much more immature than what you would see out West (Seattle and Austin have startup scenes similar in operational mindset to the Bay Area/SV scene).

lumost 1y ago

In the 2000s startup workers tended to do better financially and be better than their peers at large firms such as HP, Delll, Cisco and others. Even discounting equity, the compensation was higher. These individuals went on to start firms using the experience and money that they acquired. If you contrast this with modern tech workers, while you can get the experience in multiple ways - you can only get the compensation at large firms. Few startups pay well enough to give employees financial freedom. Add to this, many “startups” are simply small businesses that are pretending to grow and be tech focused.