7 ms·
to state what should be obvious, this was a decision by the company not the investors (also, the company made the decision before the round.) i'm skeptical of
by sama 12y ago
to state what should be obvious, this was a decision by the company not the investors (also, the company made the decision before the round.)
i'm skeptical of remote work for early-stage startups. i'm not religious about it for larger companies; i think it works for some and doesn't work for others. if it works, great. if it doesn't, that's fine too.
the only thing i felt really strongly about (when yishan explained the challenges they were facing and asked for my advice as a friend and not an investor) was that reddit needed to be super generous to people that were unwilling or unable to move, and i think they have been.
- icelancer 12y ago>the only thing i felt really strongly about (when yishan explained the challenges they were facing and asked for my advice as a friend and not an investor) was that reddit needed to be super generous to people that were unwilling or unable to move, and i think they have been. Did he ask you this advice and THEN come to the conclusion that TWO WEEKS was good enough before getting a ton of blowback for it? How is that "super generous?"
- tdicola 12y ago3 months severance is also a bit short. In the recent Microsoft layoffs I've heard of folks getting 6+ months depending on how long they've worked there. It's certainly better than nothing but I'm not sure I'd say 3 months is super generous.
- aianus 12y agoYou don't think getting paid 3 months salary to not work is generous? I wouldn't expect anything more than two weeks.
- waterlesscloud 12y ago3 months is definitely not super generous. Reasonable, sure, but not "super generous". Twice I've gotten 6+ months severance from layoffs, I guess those companies were super duper generous.
- icelancer 12y ago3 months severance after having your job terminated for basically no controllable reason is "adequate," I'd say. Not super generous. Or even generous, by SV standards. DHH hit it right on the head: "SV companies are hemmoraging money! Stop spending it! BTW relocate everyone back to the most likely city to contain a bubble!"
- rtpg 12y agoslightly OT but it is crazy that so many companies that almost by definition shouldn't be wasting money still insist on setting up shop in SF. If the SV culture bubble is to be believed, all these people are working on their startups 100 hours a week anyways, so why not do it in a place where you're not relegated to eating cereal all day to make rent.
- myared 12y agoI think the larger issue is that investors (specifically ones with board meetings to attend) want to invest in companies in clusters so that they don't have to travel four times a year to a city with only one portfolio company. It's crazy that we're actually talking about reddit having a problem with remote workers when even state and federal government agencies are open to it.
- rtpg 12y agoEven weirder that these weren't even "just" remote workers, but branch offices in Salt Lake City and NYC.
- pointsnfigures 12y agoin the early stages of a company, my experience is remote doesn't work. Better to be with each other. There are body language cues you get from one another. The success of fully remote startup teams is rare. statistical outliers.
- pedrovalesantos 12y agoIf I didn't know better reading this I would agree. But remote working does not have to be "all in or out". Why not try to arrange something different? Why make such a drastic change? I would be very interested in knowing the % of Reddit workers who are remote workers (all the time or just sometimes).
- judk 12y agoReddit is "early stage"?
- drale2k 12y agolol i am think the same like "wtf?"