Readit NewsTheir level of secrecy should tell you how serious they are. If they are too opaque, my advice would be to switch to a mostly cash comp.
I don’t think being secretive about the exact details of the cap table is indicative of anything.
They should be able to tell you broadly how many shares there are and how valuable your equity grant is tho.
Oh yay. Who wants to work for a company that is actively antagonistic against its own customer base?
Every homeowner knows this and if they’ve ever had the incling to move int rh last year theyve done the math and realize it simply doesn’t make sense. People won’t move right now unless life forces them to.
Prices have jumped, as a double whammy.
It’s all about supply: there is very very little and it’s a desirable area.
Even if rates stay at around 4-5% in a few years when all of the low-rate fixed mortgages have ended, prices will have risen, and I would guess all that would happen is a slight abatement of rises, not a reduction.
When I look at where we would be if I had kept the job, we would be homeowners, be able to buy new clothes regularly, go to restaurants and take awesome vacations a few times a year.
But the missing thing would be autonomy. The reason why I’m willing to sacrifice so much is because i fundamentally don’t like having to follow orders from a boss or manager. I’m arrogant enough to think i know better, and want to prove it by actually building my own thing.
Regardless of how silly it sounds on a financial level, the calculation makes sense once we look at the sense of ownership and autonomy over our own work. It’s worth more to me than any money I could make.
Ps: if you’re curious, the startup is logology.co
In 2021 I remember thinking how tech really proved its worth by so quickly assisting our economies through the pandemic with e-commerce, video conferencing and work from home.
Sure, things felt a bit crazy, but I remember thinking how lucky I was to land in tech as a career and that it was hard to see a future any time soon where the world wouldn't value tech workers highly.
Skip to today and I'm honestly wondering how long I have.
We've had a massive influx of new tech talent over the last few years and now we see this dramatic turnaround in hiring which will likely make it significantly harder to get a good tech job in the near future.
And in addition to this we have tools like GPT potentially disrupting our careers on a timescale best viewed on the scale of months.
It doesn't help that I'm going through a lot in my personal life at the moment too, but I've never felt so vulnerable about what the future holds.
I guess I should just be grateful that we had a good run while it lasted, but it's hard to think like that when people depend on you to have things figured out.
Anyway, I hope everyone involved in these layoffs lands on their feet.
There is of course a lot of nepotism and politics but generally if you have talent you will be employed. There is simply too much demand for talented tech people.
The large layoffs are not good but they are course correcting and these companies are still actively hiring despite the billboard layoff announcements.
I disagree completely.
That being said I believe company’s and founders should be as transparent as possible but sometimes that can come at a price and so it’s not ideal to be completely forthcoming.