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Successful examples don't change the fact that how much money is wasted unnecessarily. I see startups spending lots of money on fancy offices with massage rooms

Successful examples don't change the fact that how much money is wasted unnecessarily. I see startups spending lots of money on fancy offices with massage rooms, when you can't find anyone around if you try to find donation for a village in Cambodia where people living with 5 dollars monthly budget. Some startups do good things exceptionally but how do people feel good about hundred thousand dollars monthly office expense for a startup that doesn't generate any revenue ? I don't know much about bubble and stocks etc since it's kinda not my focus in general, but when I see something like Yo valued as 10 million... There is something wrong with this culture because you know this planet we're living on, I can point you hundreds of cities where the currency is a package of baby food. Millions of people struggle accessing water and food but here we see 300 million dollars are thrown to the table for a dating site. I don't know what exactly bubble refers to but as an engineer honestly I feel bad about being a part of this culture and I'm waiting for the first chance to quit this industry completely.

vasilipupkin 12y ago
this is a weird argument. It amounts to saying that since things are bad in many places, it would be good if things were also bad in places where they are currently good.
- roadbeats 12y ago
  That's what you understood. in fact, I'm talking about the big amount of money wasted bountifully for luxury offices with massage rooms, startups with no revenue but hundred thousand dollars monthly office expenses. Of course I'm happy that there is wealthy countries in the world, as well. But I do know one thing too, we owe this wealth to those who struggle and accept working for 2$ per day. And Uber or Snapchat doesn't have any impact in their lives. When people who make those jeans that we buy from the fancy stores here, many of work in underground textile factories starting in very young age like 11, and they die at twenties suffering from Silicosis disease. Just one example. You can ignore all the world and talk about Uber, Snapchat every day for sure. I'm not saying startups shouldn't be invested, or I'm not against venture capitalism. Try to get my point without arriving to that kind of conclusions.
erbo 12y ago
Fallacy of relative privation. [1] Just because things are bad in Cambodia doesn't mean a startup can't spend its money how it likes, for good or ill. If a startup chooses to spend money on a fancy office with massage rooms, they are probably doing so out of a belief that this will help them attract and retain higher-quality employees, thus produce a better product, thus become profitable (or do so faster). They may be wrong in this, and in fact, quite likely are; most startups fail, after all. But if startups had to take the conditions in Cambodia into consideration before deciding where and how to spend their money, it's not likely we'd have any startups at all. [1] http://en.wikipedia.org/wiki/Fallacy_of_relative_privation http://en.wikipedia.org/wiki/Fallacy_of_relative_privation
- roadbeats 12y ago
  "higher-quality employees" yeah man... higher-quality employees... please take all that and move to another planet.
woah 12y ago
Where do you work? I encourage you to put your money where your mouth is and take half or a quarter of your salary at a nonprofit. There are a lot of charities who would benefit from a mobile app or some server side logic and might be able to pay you 30k. I'm sure this is what you are doing right now, since you are so full of moral outrage?

vasilipupkin 12y ago

this is a weird argument. It amounts to saying that since things are bad in many places, it would be good if things were also bad in places where they are currently good.

roadbeats 12y ago
That's what you understood. in fact, I'm talking about the big amount of money wasted bountifully for luxury offices with massage rooms, startups with no revenue but hundred thousand dollars monthly office expenses. Of course I'm happy that there is wealthy countries in the world, as well. But I do know one thing too, we owe this wealth to those who struggle and accept working for 2$ per day. And Uber or Snapchat doesn't have any impact in their lives. When people who make those jeans that we buy from the fancy stores here, many of work in underground textile factories starting in very young age like 11, and they die at twenties suffering from Silicosis disease. Just one example. You can ignore all the world and talk about Uber, Snapchat every day for sure. I'm not saying startups shouldn't be invested, or I'm not against venture capitalism. Try to get my point without arriving to that kind of conclusions.

erbo 12y ago

Fallacy of relative privation. [1] Just because things are bad in Cambodia doesn't mean a startup can't spend its money how it likes, for good or ill. If a startup chooses to spend money on a fancy office with massage rooms, they are probably doing so out of a belief that this will help them attract and retain higher-quality employees, thus produce a better product, thus become profitable (or do so faster). They may be wrong in this, and in fact, quite likely are; most startups fail, after all. But if startups had to take the conditions in Cambodia into consideration before deciding where and how to spend their money, it's not likely we'd have any startups at all. [1] http://en.wikipedia.org/wiki/Fallacy_of_relative_privation http://en.wikipedia.org/wiki/Fallacy_of_relative_privation

roadbeats 12y ago
"higher-quality employees" yeah man... higher-quality employees... please take all that and move to another planet.

woah 12y ago

Where do you work? I encourage you to put your money where your mouth is and take half or a quarter of your salary at a nonprofit. There are a lot of charities who would benefit from a mobile app or some server side logic and might be able to pay you 30k. I'm sure this is what you are doing right now, since you are so full of moral outrage?