AMA
Yesterday
2556
I have worked at TikTok US core tech for 3 years. AMA.
Cars
Yesterday
1617
Cyber truck killer: Chinese version of EV truck
Ask Blinders
15h
587
Why Pronouns shit captured US ? I don’t see this anywhere else
India
10h
2456
Why is it so G*damn difficult to move money out of India
Tech Industry
Yesterday
432
Python vs C++
There is one major problem I am seeing again & again with California based startups. These companies are throwing ridiculous numbers and competing with Big tech and sometimes beating them on TCs For example: - Coinbase - Roblox - Instacart - Wish - Robinhood - Snapchat - Palantir - Stripe - DB Based on their financials, these companies are paying huge stock based compensation and refreshers maybe in a hope that it will play out But during these stiff market conditions. Would leadership cut down on refreshers and reduce stock based compensation so that they can have strong balance sheet and business. All of these are bad with money. All these cool dude companies would be beaten down because they are thinking they can sell crap and hype to boomer bankers. Whereas boomer tech like Google, MSFT, oracle, IBM who pay peanuts know how to get stuff done and from companies standpoint they are performing really well because they are good with money and not extravagantly spending. So short cool dude companies who are cashing out money and making investors as bagholders! So short companies where stock based compensation is increasing quarterly but revenue isn’t growing proportionately PS: As an employee go wherever you get paid more and cash out as much as you can. But as an investor, only invest in profitable business
I thought stripe is still private?
But they are overvalued and are in VC bubble
Lmao, IBM yea right
Meh
Those places have like 10 total employees.. the fact that they pay $50-150k more than FAANG at the same level is not important to their bottom line.
10 employees?
Coinbase spent 30% of their revenue in stock based compensation. “Revenue” not “profit”
People in the 90s and early 2000s said the same thing about never leaving Exxon/O&G for tech. Overall, while some companies that people left for turned out to be crap some of those companies were companies like Google, Amazon, etc. They did pretty well. And the ones who picked bad companies weren’t doomed forever, they just hopped somewhere else a year or two later.
I am certainly not saying it is bad from employee perspective. As an employee go where you get more money but as a shareholder perspective invest only where it is safer But as a shareholder perspective you will lose money
Not us, they pay us in monopoly money and we have no idea when we can cash out. We don't even know if they do some massive dilution beforehand
They are smart and won’t IPO until next year I suppose
Is this post dated before April? Nope. A good ol’ hindsight post. Saying this with Robinhood near $40 would have been meaningful. It is under $10 now. Was WISH really beating boomer tech like GOOG/MSFT/ORCL on total pay? Seems doubtful.
OP has no idea tf they are talking about. SBC has no impact on balance sheet - only on net earnings and share count - i.e. dilution.
Yes so dilution in an unprofitable business leads to downward spiral
I understand that Google lost its sheen but calling Google a boomer company and putting it in the same category as MSFT, Oracle and IBM is kind of jaw dropping. The moment these 'cool dude' companies stop paying good bucks, they are going to be wiped out.
Calling Google a boomer company 😂
See Cisco is down only 6%
Lol Cisco never reached their dot com highs again.