[HN Gopher] SpaceX alums are branching out and shaping the start... ___________________________________________________________________ SpaceX alums are branching out and shaping the startup economy Author : Teever Score : 295 points Date : 2023-04-01 22:32 UTC (1 days ago) (HTM) web link (interactive.satellitetoday.com) (TXT) w3m dump (interactive.satellitetoday.com) | anonyme-honteux wrote: | Great, love it when shitty work culture super, who doesn't like | to have a boss that thinks he is a medieval landlord? | [deleted] | tzm wrote: | Is anyone tracking former Telsa employees? | EZ-Cheeze wrote: | Does anyone have any tips on getting hired by Elon? | HPsquared wrote: | This market should be called the "space space". | turtleyacht wrote: | I heard of consumer stuff being "spinoffs from NASA," and it's | neat we may soon see "spinoffs from SpaceX." | exogeny wrote: | This reads like a press release to me. | _just7_ wrote: | What is up with that site giving me three seperate popups warning | me that the site uses cookies | throwaway1777 wrote: | Thanks GDPR! | jiggawatts wrote: | Thanks marketing people that decided to double down despite | the clear distaste of the general public at their relentless | tracking. | EarthLaunch wrote: | It's a bad system that allows that and popups to be | incentivized. The worst systems are created with the best | intentions. Is ignorance an excuse? | kortilla wrote: | Is this the clear distaste of the general public or an | overreaction with bad regulation by a government authority? | | It's been how many years now and GDPR has done very little | to improve anything despite the cookie prompts on websites | everywhere? | | At this point they are as useful as TOS (not) with the | annoyance of seeing one every website. | lukeschlather wrote: | The properly GDPR compliant cookie banners allow you to | itemize certain items on the website's TOS that you may | choose to accept or not accept. Website TOS are very | useful for the company operating the website and the | cookie rules allow you as a visitor to get some of that | usefulness back. | morsch wrote: | How do you know GDPR has done very little? | bee_rider wrote: | I like the banner, it lets me know to turn back. | dmix wrote: | Browsers like Firefox could hypothetically kill cookies in | their browser tomorrow but doesn't. Or at least make a big | stink about it. Do you think they should? Do you think we'd | be better off as a society? | sva_ wrote: | I think when you click "accept", you also accept to | things like fingerprinting and storing a fingerprinted | identity on their server, as well as perhaps | supercookies, that allow your ISP to track you. | slimsag wrote: | Yes we'd be better off if cookies were removed. | | But if it was only Firefox, people would simply add | banners saying "Firefox is not supported." since it's | only like 3% of marketshare these days. | [deleted] | PeterisP wrote: | Browsers can't tell if a cookie is a generic setting | ("chose Yes/No on a banner") or a uniquely identifiable | one; and they can't tell if a cookie is functionally | required (ID for a logged-in session) or not (ID to track | random visitors). | | The distinction is legal, not technical; so it has to be | enforced by legal, not technical means. | mjevans wrote: | Firefox COULD default to cookies off (with an in menu | widget to force them on for non-automatic handling), and | if any forum submission happens _ask_ if the end user | wants to accept the site's cookies. | PeterisP wrote: | Looking at a typical site, a reasonable user might want | to accept _one_ (or perhaps a couple) of many dozens of | cookies a site attempts to set. Choosing it manually per | site per cookie is difficult but perhaps theoretically | possible, however even that still requires cooperation | from the site to honestly identify that _this_ one is the | cookie which is functionally required, and these fifty | are for ad tracking, and ensuring that cooperation still | requires legal means and can 't be done with purely | technical ones. | | Furthermore, there is the important distinction about | multiple uses of the same data. There are uniquely | identifiable cookies that are functionally required for | one purpose but the site may want to use it for other | purposes as well (e.g. share that data with heir "trusted | partners" for targeted advertising) for which user may | reasonably want to refuse permission, so a browser | accepting a cookie doesn't imply such permission and | something extra is required. | dpifke wrote: | What is up with comments that go against the guidelines? | | From https://news.ycombinator.com/newsguidelines.html: | | _Please don 't complain about tangential annoyances--e.g. | article or website formats, name collisions, or back-button | breakage. They're too common to be interesting._ | kortilla wrote: | Guidelines can't prevent people from complaining about | getting eye fucked by a website. | bdcravens wrote: | > In Comments | | > Be kind. Don't be snarky. Converse curiously; don't cross- | examine. Edit out swipes. | nier wrote: | Disabling content blockers, I can see what you're describing. | Seems like satire. | iscrewyou wrote: | way of tangent from this thread but which content blockers do | you use? | jdeibele wrote: | Not the poster but the Hush extension for Safari seems to | work well on this site because I didn't see any notices. | And that's what it's supposed to accomplish. | https://apps.apple.com/us/app/hush-nag-blocker/id1544743900 | | I'm sure there are similar things for FireFox or Chromium | browsers but Hush seems Safari-only. | raj33krish wrote: | that's good for overall industry. | spaceguillotine wrote: | [flagged] | abledon wrote: | ahh yes, the cut, the 'great' publication that brought you | insightful pieces like this _eye roll_ | https://www.youtube.com/watch?v=fFxQkg_Ye60 | foreverobama wrote: | [dead] | jsemrau wrote: | From the opening paragraph "Earlier this week, Elon Musk -- | Grimes's ex-boyfriend, the pancake-haired chief executive of | Tesla and SpaceX and also the man who joked about starting a | "TITS" University on Twitter -- was named Time's Person of the | Year for 2021." | | I think it's safe to assume a certain bias. | onethought wrote: | Tokyo Institute of Technology is already a thing. | ben_w wrote: | Given the language difference, that's a bit like someone in | Tokyo saying they meant | https://en.wikipedia.org/wiki/Ian_Mune instead of Xiong | | (Although I may be showing a certain degree of | misunderstanding of my own given how different languages | slice up reality in different ways, and Xiong may not mean | quite what a literal translation suggests...) | echelon wrote: | I wish it was more like this at existing companies. | | Why everyone isn't leaving Adobe, Meta, and Google to found their | own AI / generative media startups astounds me. If you work in | our incredibly lucrative field, you may be able to afford a few | quarters of leaning into risk. | | Startups are like a brush fire. Old incumbents have so much | legacy code and cruft that nimble upstarts killing them is | _healthy_. | | The "SpaceX diaspora" should be the norm everywhere opportunity | arises. | discordance wrote: | Most people who work at those large companies you mentioned are | there because they don't want to take any risk. They are happy | in the comfort of a large salary, occasionally interesting | work, huge network of people and are afraid of being impacted | by the industry wide layoffs. | seadan83 wrote: | This is a very uncharitable view. Those types would exist at | any company. | | There is pretty high turn-over at the large companies as | well. People can be there to help build their resume, help | make connections, learn the ropes at a large company and gain | technology exposure, etc.. | | My time at Amazon, I did see some people leave to form | companies. Generally it was when someone particularly smart | found a clique of a few other smart people and they then all | quit and go off and do something else. | BeefWellington wrote: | > Startups are like a brush fire. Old incumbents have so much | legacy code and cruft that nimble upstarts killing them is | healthy. | | Ah yes, "more recent technical debt is newer, therefore better" | is the way of today! | Yoric wrote: | I've had several opportunities to found/join very early stage | startups. I've taken three of them, including a weird hybrid | nonprofit startup. | | * The nonprofit was a nice experience but burnt me out more | than once. At some point, you need to have some time off. Being | in an early stage startup discourages you from ever taking a | break. Being in a nonprofit discourages you from ever taking a | break. Being in both... well, eventually, I had to leave to | preserve my sanity. | | * One startup turned out to largely be a con against VCs and | one of the founders pulled the rug, vanishing on his cofounder | and all the employees. Needless to say... that was a | disappointment. | | * The last one burnt me out pretty deeply. 15 years later, I | still can't use the technology stack we were using at the time, | despite the fact that I was one of the most notable names in | that community. | | Since then, I've said no to such offers. That is, I'm happy to | join a startup, but I will not be a very early employee. I will | keep myself in a position where I can afford to take a break if | I feel a burnout coming, something I could not do as a | cofounder. | | So yeah, I very much understand why not everybody creates a | startup. That and the fact that once you have created the | startup, you need to work on so many things that are not what | you wanted to do in the first place, from gathering fundings to | paying taxes to securing parking spaces for your employees. | | YMMV | pavlov wrote: | _> "Why everyone isn 't leaving Adobe, Meta, and Google to | found their own AI / generative media startups astounds me."_ | | A nice thing about all the status seekers chasing the latest | shiny hype object is that it leaves more room for the rest to | build boring startups. | elbigbad wrote: | My company immediately sues anyone who leave to join a | competitor, and even more viciously attacks I would assume if | someone were to actually start a competing business. | [deleted] | abledon wrote: | Nexxon? | outside1234 wrote: | Move to California, that shit don't fly here | tenpies wrote: | So do Elon's companies: | | https://www.engadget.com/tesla-sues-engineer-dojo-trade- | secr... | | https://www.businessinsider.com/tesla-lawsuit- | supercomputer-... | | https://techcrunch.com/2018/06/20/tesla-sues-former- | employee... | | --- | | I think the key is that these startups aren't competing with | SpaceX, but are rather SpaceX-adjacent. | | There is also a uniqueness to the industry that SpaceX | operates in, in that everyone is basically the US government, | or the US government with a layer of paint. SpaceX isn't | exactly going to sue the hand that feeds it, even if it's | wearing a Boeing-logo glove. | jdeibele wrote: | The first two references are to the same case. An ex- | employee kept his Tesla laptop with confidential | information and turned in a personal laptop as his work | laptop. That seems worth suing over. | zizee wrote: | >> My company immediately sues anyone who leave to join a | competitor | | > So do Elon's companies | | Sorry to be pedantic, but there is a big difference between | "sues anyone", and Tesla suing what must be a small | percentage of leavers. | | And your links describe lawsuits not for "leaving and | joining a competitor", but for sabotage and trying to walk | out with trade secrets, schematics and code. | heavyset_go wrote: | > _And your links describe lawsuits not for "leaving and | joining a competitor", but for sabotage and trying to | walk out with trade secrets, schematics and code._ | | To be pedantic, those are just claims Tesla made, and the | articles even mention other IP-related suits by Elon's | companies that were dropped because they were nonsense. | | Even the first link about a $1 million lawsuit over | "stolen trade secrets" was actually the farce regarding | Martin Tripp. Musk retaliated against Tripp for | whistleblowing on safety at Tesla, and then tried to have | him murdered by the cops by calling 911 and accusing | Tripp of being a mass shooter. | | See also: _When Elon Musk Tried to Destroy a Tesla | Whistleblower_ [1]: | | > _It started with a Twitter meltdown and ended with a | fake mass shooter. A former security manager says the | company also spied and spread misinformation._ | | I'm not going to take Tesla at their word when they have | an extensive history of using bogus lawsuits to | intimidate people. | | [1] | https://www.bloomberg.com/news/features/2019-03-13/when- | elon... | concordDance wrote: | > tried to have him murdered by the cops by calling 911 | and accusing Tripp of being a mass shooter. | | I bet PS100 to the charity of your choice that this is | false. | mlindner wrote: | > I'm not going to take Tesla at their word when they | have an extensive history of using bogus lawsuits to | intimidate people. | | The lawsuit wasn't bogus, and Tesla went on to win that | lawsuit, with a large payout from that former employee to | Tesla. | | I suggest having a more skeptical eye about what you read | on the internet. There's a tremendous amount of very | motivated reporters out there wanting to write about | anything Musk related and will automatically believe any | source that disparages Musk or a Musk company in some | way. Your "See also" for example wasn't actually a Tesla | whistleblower, and Tesla successfully won their case | against such fake whistleblower. | https://www.cnet.com/roadshow/news/tesla-lawsuit- | whistleblow... | | These reporters have created a false impression about | Musk and his companies that's now a sort of shared | deception held by many such that they believe Musk | companies are bad in some way and will further believe | any negative news, causing a self-perpetuating cycle. | It's been interesting to watch how it works over the | years. | | https://www.reuters.com/article/tesla-court-tripp/former- | tes... | | > A former Tesla Inc factory employee will pay Elon | Musk's electric car maker $400,000 after it accused him | of tipping reporters about alleged production | inefficiencies and delays, a court filing shows. | | ... | | > According to the court filing, Tripp did not contest | Tesla's claims that he stole trade secrets, and | acknowledged that his counterclaims were funded by a | short seller of Tesla stock. The filing was signed by | Tripp and a Tesla lawyer. | Tuna-Fish wrote: | The two big ones, Relativity and Firefly, are definitely | direct competitors. | | As to the lawsuits, generally don't take any of your | employers code or data with you when you leave, and you'll | be fine. | jdhendrickson wrote: | That has not been my experience. If they have deep | pockets they draw out the court case in an effort to make | you quit, and the stress literally kills people. | | In the end I agree vindication will come if you can | afford to defend yourself, hire your own experts and | retain competent council but your comment is a bit glib. | quartesixte wrote: | It helps that rocketry is 1) kind of a solved problem 2) | a lot of unsolved problems get solved by NASA scientists | so is open sourced 3) the laws of physics demand that | certain outcomes. | schaefer wrote: | Can you tell us which company so we can collectively | blackball them? | | Please and thank you. | tru3_power wrote: | On what grounds do they sue them? | mlindner wrote: | Many because they stole company secrets, or actually hacked | the company's servers and walked out with company | documents. | adgjlsfhk1 wrote: | Corporate lawsuits against individuals generally don't need | grounds. The pain is the point. | bavila wrote: | What's groundless is this mentality. Please read Rule 11 | of the Federal Rules of Civil Procedure (a rule that is | also well-adopted in state courts as well). As fun as it | is to hate on big tech, one should still be mindful of | the fact that their attorneys aren't stupid enough to | file patently frivolous lawsuits that put their own law | licenses on the line. | Miraste wrote: | Has any corporate attorney ever been disbarred for filing | frivolous lawsuits against individuals on behalf of their | company? It's certainly not a common occurrence. | letier wrote: | I'd guess the contracts have a no compete clause. | dilyevsky wrote: | Just dont tell them | eldenring wrote: | Huh? pretty much every one of the recently successful AI | startup employees (OpenAI, Anthropic, etc.) have had stints at | Google Brain. | ben_w wrote: | OpenAI is roughly 375 people, I don't know how big Anthropic | is but I assume similar. | | I think the person you're replying to is wondering why the | other _25 million_ of us aren 't doing the same. | adastra22 wrote: | 25 million? Where are you pulling this ginormous number | from? | ben_w wrote: | By the up-thread quotation "existing companies" leading | to googling the global software development workforce. | outside1234 wrote: | The money at FAANG is really hard to beat on a risk | adjusted basis (though that risk factor is increasing with | the layoff spree). | | From a financial perspective it is much more probable to | become a millionaire through a FAANG than a startup right | now. | diceduckmonk wrote: | It's not probable, it's guaranteed at FAANG. | usrusr wrote: | That, and why would a FAANG employee have more "founder | attitude" than, say, an IBM suit? They've been the career | choice of the "my car is bigger than yours" salary- | seekers for more years than they had ever been | recognizably "startup". One of the "A" hasn't been | anything remotely related to startup since long before | they ousted Steve Jobs! | moneywoes wrote: | Seems a bit tough with the hiring freeze | wslh wrote: | That is the lesson number one in YC Startup School. | airstrike wrote: | It is also much more probable to become a _multi_ | millionaire through a startup than a FAANG | ethanbond wrote: | It definitely is not. The 99.999% case for startups is | you walk away with nothing, and that's true even if | you're good enough to crush it at FAANG. | | Crush it at FAANG for a few years and don't spend like | crazy and you'll be a multimillionaire. | speakfreely wrote: | The definition of multimillionaire is a bit vague here, | but I would assume the OP was referring to being in deca- | millionaire territory. That is much more rare to | accomplish at a FAANG company. | xvector wrote: | The average SWE at FAANG can become a deca-millionaire | over the course of 20-25 working years. | | Starting from $0, this requires saving $125k a year for | 21 years to reach $10.06M at an 11.88% interest rate, | which is the S&P500 average. Well within the capability | of any senior SWE @ FAANG, and it only takes 4 years to | get to senior. | | But then capital gains taxes hit. | | Anyways, yes, a startup employee on the other hand can | become a deca-millionaire in a year or two. | blululu wrote: | Citation needed. Depends on how big of a multi you are | talking about. I know way more people with $1-10M who did | it via corporate ladder climbing through FAANG than I do | people who struck it big with a startup. At a certain | point the balance is in favor of start ups but I suspect | the number is somewhere in the 8 figure range which is | correspondingly rare. | Mistletoe wrote: | It remains to be seen if this is true when interest rates | aren't at nearly 0%. | eldenring wrote: | It's hard to blame interest rates for all the wealth in | tech when you look at all the new products and | innovations that have happened over the last 10 years. | Mistletoe wrote: | Can you list some? I see the last ten years as a great | failure in tech following the decade of real innovation | and paradigm change that came before it. | ben_w wrote: | GPT-1...4, Falcon 9 reusability (+ Starlink being | possible), most modern VR headsets (Oculus public demo | was just over ten years ago), 3D printing is a lot better | on many axes, commercially viable consumer OLED, | displacement of CFL with LED, vegan "cheese" alternatives | suck much less than a decade ago, DNA tests so cheap | multiple different companies spam advertising for them at | me, vat-grown meat is slowly transitioning from sci-fi to | panicking Italian farmers into calling for bans, electric | cars have gone from expensive Tesla Roadsters to the ~ | 20-fold cheaper Wuling Hongguang Mini EV, about 90% of | all PV happened in the last decade (and following a | roughly exponential growth rate). | bobthepanda wrote: | Right now is also a harder time to start a startup | because of the interest rate hikes reducing available | capital. It already impacted SVB's deposits (and caused | the ensuing bank run) | bambataa wrote: | > Why everyone isn't leaving Adobe, Meta, and Google to found | their own AI / generative media startups astounds me. | | Mostly because I think the main value is captured by embedding | these things into existing programs and workflows. "AI-powered" | won't really attract anyone to a new app when it's so easy to | add AI to existing ones. Also basing an idea around an OpenAI | API seems fragile. | | But it could totally just be that I lack innovative ideas. | mr90210 wrote: | Some of those folks are locked in golden handcuffs, some are | expats on green cards, and some simply enjoy a less complex | life of that comes with being a well-paid employee working for | a well-known company. | 8note wrote: | The green card let's you do what you want, no? | | The h1s and tns, etc are locked in | mr90210 wrote: | Thanks, I had H1B in mind. | pasdoy wrote: | Just to add more details on TNs if anyone read this, the | visa is locked to the sponsoring company but it's possible | to hold multiple TNs at the same time. Took me a while to | figure that out. It can raise an eyebrow when crossing the | border as it isn't regular to have more than one visa. | makeitdouble wrote: | Incumbents like Adobe , Meta or Google were allowed to reach | their size by letting them kill or buy the competition every | time something else was rising. | | As long as regulators won't do anything about that, the next | startup challenging an incumbent is just poised to be | bought("congratulation on your exit!") and killed. Figma is the | latest example of this. | sangnoir wrote: | The 7-to-10-digit exits by incumbents is what funds the | entire[1] startup industry: compare number of startup | acquisitions vs IPOs in the last 10 years. | | If the FTC clamps down on acquisitions, there's going to be | correction in valuations, and some statups will get killed by | VCs who view modest successes as not worth their time. | | 1. Only being slightly hyperbolic | makeitdouble wrote: | I share your view on this, but also think the main reasons | startup take the exits are the VCs. A founder of a VC | backed startup will need extraordinary arguments to not | sell to an incumbent for a high enough price. | | So the whole startup game becomes a petri dish for | incumbents to see the natural selection of ideas and pick | up the viable ones without paying for the failed | experiments, and the VCs footing the bill as long as their | balance sheet works out in the end. | kajecounterhack wrote: | Figma's not a great example of "buying to kill" though -- I'd | guess that Adobe would sooner deprioritize their existing | products that compete with Figma and redirect their effort. | And I don't see much wrong with FB buying Instagram or Adobe | buying Figma or Google buying YouTube because these services | actually got better to the consumer's benefit (and I guess to | a limited extent the enriched early employees perpetuate the | startup ecosystem). | | In the case of Google & YouTube, I wonder if YouTube would | even be able to turn a profit as an independent company | (maybe today they could, but for most of their life I suspect | they were unable generate any profit). I love having YouTube | and would have been sad if they had to close their doors | because nobody had deep enough pockets to nurture it into | profitability. | | Cruise & GM is another example of a potentially good | purchase, since self-driving tech is going to require a lot | of patience. | | To be clear, I don't think monopolies are healthy in general | since they perturb natural supply/demand signals, but there's | certainly nuance in terms of how some of these deals | benefit/hurt the general public based on whether the | monopolist entities have vision and appetite for long term | investment that would otherwise be tough to swallow. | makeitdouble wrote: | Google buying Youtube was the only outcome where Youtube | would survive, at least at it was. The same way Napster | wouldn't have survived as it was. | | We're in agreement here, but it's I think a broader | discussion on how media companies make money and where we | stand as consumer, in particular how we feel about | RIAA/MPAA. | | I still think Google is doing a good job, better than most | of us would have predicted, but I personally would have | preferred a world where Youtube was viable on its own. | Looking at Spofify for instance. | | > FB buying Instagram | | Even the regulating agencies that let the deal pass are | looking back at it as a wrong decision. | | I personally can't find any single meaningful aspect where | we benefit from FB owning Instagram. | | I partially fault Instagram for having a shitty business | plan aimed at being acquired from the start, and kinda wish | they had to make the hard decisions at the end instead of | selling the whole audience to the worst company to handle | it. | quags wrote: | Starting your own thing or being an owner is not for everyone | and doesn't always live up to expectations. There is more | stress, you are the person of last resort for fixing problems | and need to be able to lead a team well if the company does | well. There is nothing wrong with forgoing that, taking a | salary and living your life when being an owner or going to a | start up will bleed into your personal life. | jasmer wrote: | "Why everyone isn't leaving Adobe, Meta, and Google to found | their own " | | Yeah, risk. Disruption is considerably harder than you might | imagine, it's not about 'products' it's about market power. | lostlogin wrote: | > Old incumbents have so much legacy code and cruft that nimble | upstarts killing them is healthy. | | This is why the company needs patents. They protect everyone. | /s | pptr wrote: | Googler here. | | If you work at a big tech company you can improve the products | used by millions if not billions of people. I find that very | rewarding. | x3n0ph3n3 wrote: | I guess that's one way to delude yourself. I'm just here | (different big tech company) to get the biggest paycheck for | the least amount of harm I could inflict on the world. | kajecounterhack wrote: | People can have feelings without being deluded; it's okay | to feel motivated by how many users use the thing you made. | You do you. | | That said, many googlers do _not_ end up impacting millions | or billions of users. So GP is a lucky one. Google has a | lot of people working on infra, internal tooling, and | subfeatures within products that don't / are hard to | connect to usage. | pptr wrote: | You can measure improvements. You don't have to guess. | However, I understand that a lot of work can't easily be | evaluated for user impact. | layer8 wrote: | As a user of those products, one gets the impression that the | improvements are more focused on what is in Google's interest | rather than what is in the users' interest, though. | alienthrowaway wrote: | There's nothing quite like shipping (or breaking!) something | that impacts _billions_ (with a 'b') of people . It was | unexpectedly exhilarating for me the first time I shipped. | sawyna wrote: | Another googler here. | | I don't enjoy the work at Google as much due to bureaucracy, | pace of work and politics. I previously worked at a startup | and there is a stark difference in the work culture and | environment. I'm working with the exact same team as that at | the startup (we got acquired by Google). The same people i | enjoyed working with, I absolutely hate it now. | | Nothing ever gets done, even when it is possible to do so. | Folks around here call it perf-farming. | wombatpm wrote: | Until google gives it the axe. | leesec wrote: | What you're describing is extremely common. So many ppl leave | FAANG et al after a few years and do a riskier startup | hindsightbias wrote: | WFH led to the greatest productivity increase in history - by | leaps and bounds. Surely you've seen all the studies proving | this? There must be 1000's of WFH startups valued in the | billions. | haxton wrote: | Actually just quit my job at Meta to do just that. So you're | not far off, I think you'll be surprised at how many ex-FAANG | startups you'll see in the comings months. | | At least in our blind chat it seems there are several other | like-minded people. | moneywoes wrote: | Did you have sales or a mvp before quitting | haxton wrote: | Nope. I have a fair bit of buffer / savings, and felt like | this was an opportunity that I just couldn't pass up, so | committed to it. | sidibe wrote: | If you're only really interested in the problems you're working | on it's tough to go from somewhere everything else is taken | care of for you except your problem. No worries about infra or | business. What you get is the more academic ones staying and | more entrepreneurial leaving | Yoric wrote: | And to clarify, there is absolutely nothing wrong with being | academic-minded. Based on my experience, most of the | invention (not "innovation", which is the step after that) | comes from people who are academic-minded. | throwawaysleep wrote: | I like my 15 hour workweek anywhere in the world with few | stakes and little risk. | r3trohack3r wrote: | Ex-Netflixer here. | | I've come to appreciate that equity for your time !== equity | for your money. Take cash in excess of your burn rate in-hand | over equity any day. Then take that excess cash and buy equity. | | Compared to taking a $250k base and $250k equity offer from a | startup, it's substantially better to take a $500k cash in-hand | offer from FAANG and use your extra $250k to cut angel checks. | Some early-stage startups that try to court you will instead | take a $10k check on the spot as an early investment. So not | only do you diversify your investments and get a better class | of equity with cash, you also get the upside of guaranteed | outcomes on a salary. | tarr11 wrote: | How have the returns been? | PragmaticPulp wrote: | > Some early-stage startups that try to court you will | instead take a $10k check on the spot as an early investment. | | How often are you seeing these deals? | | In my experience, any company raising in increments of $10K | is really only doing so as a way to get people invested | (literally) so they can continue to hit them up for funding, | connections, and networking later on. $10K doesn't really go | very far in terms of paying employees. | | Of course that's fine if it works out that way, but I've also | seen companies who gather $10K from every random person who | can invest end up with some wacky cap tables, which becomes a | turnoff to future investors. This creates weird situations | where they put a lot of pressure on buying people out of | their investments just to clean up the cap table. Again, | could be fine for a quick turnaround but it's not quite the | same as investing for the long term. | | And then there's the fact that most angel investments are | just going to go to zero, but that's the nature of the game. | chatmasta wrote: | As a startup founder who doesn't pay himself much, IMO people | either care about money or they don't. Depends what you're | optimizing for. But if you're obsessed with cash you | shouldn't start a company IMO. You're better off working for | "FAANG" or whatever the cash obsessed optimizers are calling | it these days. | | I mean obviously if you start a company you want to optimize | for it making profit, but the original goal should be, | primarily, totally disconnected from money. Any monetary | benefits should be a side effect of providing value. In the | most ideal world, your equity turns into cash 10-15 years | later, but you shouldn't set out with that being your goal. | | My perspective on this is coming from someone who made easy | money on a ridiculous business selling proxies to SEO | spammers in college, and I didn't know what to do with the | money (I spent it all on worthless shit). I've learned I'm | much happier when I'm meeting some minimal survival baseline | while trying to build a sustainable organization that | produces a useful product. | solatic wrote: | > the original goal should be, primarily, totally | disconnected from money. Any monetary benefits should be a | side effect of providing value. | | Value is a funny word here. You have a business if you | create value for both your users/customers _and yourself_. | | You don't have to monetize on day one, but how you create | value for yourself needs to be at least a fuzzy part of | your vision from inception. | givemeethekeys wrote: | You should pay your employees their market rate. Your risk | of going out of business is higher is what warrants the | bigger equity. | | You spend all this time and salary to build a team that | works like a well-oiled machine. It would be a shame to | lose them to someone who simply pays the market rate. | | Your team is likely going to be working more than overtime | helping you build your dream. You should match what FAANG's | paying them, if thats your competition for talent. | | As they say, you get what you pay for. | chatmasta wrote: | Yeah, I definitely agree. I'd rather pay a premium to get | the best employee and take a discount myself, rather than | pay someone below market while paying myself some absurd | salary. Frankly I don't care what I pay myself as long as | I can afford an apartment and groceries, and so far this | has worked out well, as I love the employees we have. If | I were exfiltrating a bunch of money for my own salary we | would have been out of business months ago. | SCUSKU wrote: | As a spectator to your conversation, I have to say I like | and agree with your general philosophy. While I can't | quite put a finger on what I like, I think the gist is | operating under assumption of how the world, finances, | and incentives SHOULD work, as opposed to how they | currently work. And also maybe some dose of | minimalism(?). Either way, I wish you all the best in | building your startup! | kajecounterhack wrote: | To be fair, not everyone who optimizes for cash is | "obsessed with cash" or a "cash obsessed optimizer" -- life | circumstances like dependent family, the oppression of | college debt, etc make stability of a large corporation | attractive to some, even if they would take on risk given | other circumstances. | | Example: taking 80k/yr out of college while having to | retire 2k/month of college debt, then using the rest to | afford bay area rent + commuting expenses + rest of life | would have been hard and arguably not a good use of a young | person's early career phase. They might opt instead to work | at a bigco until their debt was sufficiently retired, then | with the safety net of {an established career + no debt + | some money in the bank} swinging for the fences at a | startup later. You're more likely to get leadership roles | at startups when you have a few years under your belt | anyway. | chatmasta wrote: | Oh, totally agree - what you optimize for is a personal | preference. I don't have a wife nor kids and that | significantly affects the constraints of what I'm willing | to do. And I've got nothing against anyone who chooses to | work for FAANG, this is just my personal outlook: if | you're concerned about money, you should take it from the | people willing to pay you for your work. But if you've | got an investor willing to pay you to develop something, | then you better not be thinking about your own personal | "total comp," because you've got (a) employees who need | to be paid and (b) investors who want to see your company | amount to something. As someone who's never had "a real | job," I can promise you - my friend at FAANG | contemplating quitting to pursue their own ideas - the | grass is always greener on the other side. | kodah wrote: | > if you're concerned about money, you should take it | from the people willing to pay you for your work | | I think this is half-right. When I evaluate startups I'm | often expecting FAANG pay, but I don't expect _some_ of | the benefits. Generally the hefty expectation is in RSUs, | because at a FAANG those are almost a third of what I | make. I also don 't accept inflated future leaning | valuations, I rate them at current value. If I'm taking a | gamble on a third of my salary I want to put the risk | multiplier on that third, so I'll charge more. | | Passion can get you so far in startups, but if you're | engineer (especially not engineer zero) then you likely | won't walk away with much unless you're accurately | assessing risk. That said, there's a fair amount of | startups that are not worried about having a reputation | of early engineers working away with very little. | | That said, I still have a mortgage and that's what | informs my strategy when dealing with startups. If I | didn't have a mortgage, I'd probably accept lower RSUs | and a higher cash incentive. | arcticfox wrote: | That makes sense if you're optimizing for money. I think a | lot of us that do startups actually enjoy the process as | well. My years at FAANG were the years I felt the least proud | of myself. | moneywoes wrote: | Are you apart of an angel network how do you do DD, seems | akin to a lottery no? | adastra22 wrote: | > Compared to taking a $250k base and $250k equity offer from | a startup | | No startup offers such high salaries. | hemloc_io wrote: | at least one does (I interviewed and got a similar offer) | oldstrangers wrote: | Oh they absolutely do. | pstorm wrote: | They do, the catch is that 250k of equity has a high chance | of ending up as $0 | Yoric wrote: | How do you end up in position to become an investor/buy | equity? | nostrademons wrote: | Twogler and ex-founder here - I ping-ponged from | entrepreneurship to Google to entrepreneurship back to Google | again. | | I take the opposite approach, but with some caveats. Your | financial success in any market is going to come down to | _information advantage_ - you need to have better data and | better insights on the success of your investment than your | competing investors. In general, you have much better data | and insight into the risk factors and success probability of | your own startup than you do into any startups you angel | invest in. You also have better data on your own startup than | you do on startups you work for, but probably have better | data on how a startup you 're employed at is doing than the | investors in that startup do. Therefore you can make better | choices about where to spend your equity (either sweat or | monetary) when you're working for the company. | | The major caveat - and one that took a lot of hard lessons | for me to learn - is that you have to actually _pay attention | to that data_. If your gut tells you it 's not going to work | out, cut your losses and find some other opportunity, | regardless of sunk costs, how much you might be emotionally | attached to the company, how much you love your coworkers, | your fear of letting them down, etc. | | But similarly, you also end up with a much higher-resolution | model of the business world from actually experiencing work | at several different startups than you would get from angel- | investing in startups. So unless you've previously | experienced worked at or founded startups, your angel- | investing is basically going to be spray-and-pray, and do a | lot worse than investing in your own company stock or even | index funds. | vrglvrglvrgl wrote: | [dead] | preommr wrote: | Makes sense, not a lot of space companies to begin with, much | less with people that have a startup mentality. Feel like the | culture at Boeing or NASA is going to be very different from the | one needed for a pioneering startup. | | And even then it's only a handful of investements, with how much | liquidity is/was in the market not surprising that people got a | few million for moonshots given how the potential for a whole new | industry. | themanmaran wrote: | Conversely- I put together a list of all the Space industry | startups that YC funded over the last few years[1], thinking it | would be entirely "ex-SpaceX" founders. But it turned out to | have a pretty distributed mix: | | [1] https://havewelanded.com/yc-space-sector- | investments#:~:text... | schrectacular wrote: | Pun intended I hope! | pfoof wrote: | A bit offtopic but this website has literally three fullscreen | (mobile) consent boxes. | endorphine wrote: | I see none (probably uBlock Origin on Firefox doing it's thing) | cyanydeez wrote: | Alum a euphemism for "rich people"? | Rebelgecko wrote: | From people I've talked to, SpaceX pay isn't any better than | "old-space" companies (even before you look at the hourly | breakdown) and their equity isn't very liquid. | Robotbeat wrote: | I'd say most who have vested their shares are millionaires. | At least those who vested by the 2010s. | MPSimmons wrote: | The equity is liquid enough. | marak830 wrote: | I read it as the original cast moving on, but maybe I'm | less bitter :-p | everly wrote: | I read it as more of a euphemism for "smart, passionate people | who were previously burning themselves out in pursuit of a | single man's glory" but maybe that's not accurate | concordDance wrote: | Not just Elon's glory, the entire team, the USA and humanity | get glory. | ramraj07 wrote: | SpaceX is private and Elon isn't exactly known for paying a ton | so no? | Robotbeat wrote: | Actually yes. SpaceX doesn't pay a ton in salary, but their | equity options have been incredibly valuable, so overall | compensation has been good. If they've been around for a | while and have had time for their shares to vest, they're | probably millionaires. | | SpaceX is worth a ton of money, and even tho SpaceX is | private, they do regular private sales so employees can sell | their shares. The early employees in particular have made a | LOT of money. Gwynne Shotwell, the President of SpaceX, for | instance, is one of the earliest employees and is worth over | $600 million now, which is greater than the net worth of Elon | when he started SpaceX (including adjusting for inflation). | (And she deserves it, too. Absolute rockstar.) | | SpaceX really does show that hard work in a startup can pay | off handsomely. | ramraj07 wrote: | That sounds great indeed. Didn't think of private sales | that let you cash out your entire portfolio (or even a | large fraction of it) were practiced. Anyone here have an | idea of current spacex valuation? | [deleted] | gonesilent wrote: | early SpaceX also had a very low salary cap. | arcticbull wrote: | I assume they've been given the chance to participate in | secondary sales by now. 'Alum' in this case probably does | mean 'new money' haha. | throwawaymaths wrote: | Anecdotal, but: Startup I worked at hired a bunch of SpaceX and | other musk company employees as middle management, during the | hyper growth phase and every single one of them was simply awful. | | Some were just abusive managers, many were just not that | effective. The worst one was a manager that would swoop down with | heroics, take credit for other people's work, not support reports | on ideas you had, played the blame game, etc. | nebula8804 wrote: | Man These Elon companies are really the biggest split | personality companies I have seen. I have heard stories like | what you describe from some people but then you have people | like Astronaut Garrett Reisman, Chip Designer Jim Keller, and | AI Research Andrej Karpathy all give amazing praise to Elon and | his companies. | | And when the cars are torn down we see top tier engineering | execution and innovation while at the same time we see mediocre | build quality. I just don't understand how such organizations | can be both filled with terrible people and rock stars at the | same time and survive for as long as the Elon companies have | done so. | jjulius wrote: | Hot take: The people you mentioned are hired to bring big- | name cred to the organization. None of them stuck around | (correct me if I'm wrong, I've only done a cursory glance | just now), they all left. Eg, they're the "top tier | engineering" part of the companies, and other employees (and | I've dealt with these employees at Tesla in a past life, so I | can attest to their terrible attitude) are the "mediocre | build quality". | adastra22 wrote: | Might be generally true, but there are some major | exceptions. Gwynne Shotwell for example. | cma wrote: | Based on her TED interview about passenger travel on | rockets being in service by 2028 cheaper than business | class, I'm gonna say they might be doing well in spite of | her rather than because. | nebula8804 wrote: | Astronaut Garrett Reisman worked for 7 years there and is | on record stating that is all the stress he could | handle.[1]: | | Jim Keller has a history of joining a company to start a | project and then leaving once it is complete. He did this | multiple times in his career and was with Tesla until they | completed the self driving computer. He has also left | behind a team of stellar well known people. | | I am not too sure about Andrej Karpathy. I dont know if we | have enough of a history to know when he chooses to join | and leave companies. | | There must be a lot of lower level engineers who have to be | developing all these amazing subsystems in the car and | other products. | | Wonder what the turn over is for the really skilled people. | Maybe the truly burnt out people or just stragglers are the | ones you are encountering. | | [1]:https://youtu.be/GNG6ZzDh9C8?t=420 | sgtnoodle wrote: | I overlapped there with Garrett, and while our work | rarely overlapped, he was certainly around and "in the | trenches". My point is that, from my point of view, he | was a real person rather than a figurehead. | | To some extent I could say the same for Elon, who was | certainly around a lot. He was more of a general visiting | the trenches, though. Also a real person, but of a | different caste. | | I was one of those lower level engineers building stuff. | I stuck around for 3 years, and left when I was happy | rather than burnt out. It was my first job after school, | and I wanted to try some other companies before settling | down. | [deleted] | paulryanrogers wrote: | I had no idea Tesla self driving hardware was done. | Judging by the lawsuits and performance I'd say it's | barely even started. | jjulius wrote: | Appreciate the deeper details, thanks. | rlt wrote: | In a 10,000+ person org you're likely to have a huge | variation in personalities, then you have pseudonymous | internet commenters who may have an axe to grind or other | agenda and be happy to cherry-pick one way or the other. | xibalba wrote: | [dead] | rsynnott wrote: | > I have heard stories like what you describe from some | people but then you have people like Astronaut Garrett | Reisman, Chip Designer Jim Keller, and AI Research Andrej | Karpathy all give amazing praise to Elon and his companies. | | I mean, only one of these stayed more than five years; one | only stayed _two_ years. And, frankly, if you're in a | leadership position in a company, you say nice things when | you leave after two years. It is What is Done. I don't think | you can really read much into these sorts of statements | either way; they're pretty much following a formula. | 4khilles wrote: | No, both Garrett Reisman and Andrej Karpathy worked for | Elon for more than 5 years. | rsynnott wrote: | Karpathy worked for Tesla for 5 years and a matter of | weeks. So you're technically correct, which is of course | the worst sort of correctness. | [deleted] | throwawaymaths wrote: | Even if we give them the benefit of doubt that it's not a | PR thing, when you're in a | leadership/distinguished/emeritus position, the org often | looks very different than how it looks when you're a foot | soldier. | SilverBirch wrote: | I've learned to be super careful about what senior people say | about other senior people. Because it actually reflects well | on you to say nice things about already respected people, | it's a free PR boost. It makes them sound generous and also | knowledgeable. But, I've seen this happen a lot in big | companies, someone will say "Well X is a fantastic engineer" | or "X does great work" and my first thought is "Well that's | interesting, since you have literally never worked with him, | seen anything he's produced and have no engineering | knowledge". So actually, whilst it sounds like a good | endorsement, what is actually happening is that the person is | playing politics. This is especially true when talking about | public figures - Sam Altman in his recent interviews has been | _incredibly_ diplomatic about Elon, despite the fact that it | 's pretty public knowledge Elon tried to take over OpenAI and | now loudly disparages it. Sam is playing politics, and you | have to take that into consideration when thinking about | these endorsements. Andrej Karpathy wants to have a good | career in Silicon Valley and the way to do that is to gush | about how fantastic Elon Musk is.... whilst quietly quitting | the company having not delivered what he was working on. | Yoric wrote: | My experience, too. | | As a younger self, when I heard a C-ranked executive talk | about X who's a "fantastic engineer", I assumed that I'd | have to work hard to reach their level, without realizing | that they may actually not have a clue. | | Now, when I hear a C-ranked executive talk about X who's a | "fantastic engineer", I realize it's just name-dropping. | mlindner wrote: | > This is especially true when talking about public figures | - Sam Altman in his recent interviews has been incredibly | diplomatic about Elon, despite the fact that it's pretty | public knowledge Elon tried to take over OpenAI and now | loudly disparages it. | | OpenAI was co-founded by Altman and Musk together at the | same time, with a huge amount of Musk's money, without | which it would've never gotten off the ground in the first | place. Also please give a citation for this "public | knowledge". I'd counter that it's instead pretty public | knowledge that OpenAI basically stole Elon's money on a | promise of making an AI company that wouldn't lock things | behind proprietary walls, but now has turned out to be the | complete opposite. Sam Altman pulled a fast one on Musk and | then pushed him out of the company. | SilverBirch wrote: | Here's the reporting on the takeover attempt[1], it also | mentions he didn't provide anything like the amount of | funding that was initially expected. Sam has been quite | open about what is going on with OpenAI - namely that | what they needed to develop the tech was billions of | dollars, and the only way they would get that money is a | private venture, which they've negotiated with terms that | actually limit the upside with profits beyond a certain | point returning to the non-profit entity, as well as the | issues with dumping potentially dangerous tech straight | into the public domain. Also, OpenAI was never a | partnership between just Musk and Altman, there were half | a dozen other people involved including Thiel and Reid | Hoffman, there is no way that Altman unilaterally pushed | Musk out. It looks a lot more like Musk wanted to be in | charge, and doesn't like that OpenAI ended up succeeding | without him. | | [1]:https://www.theverge.com/2023/3/24/23654701/openai- | elon-musk... | mlindner wrote: | Do you have a source that's not the Verge? I've learned | to not trust them for anything Musk related as they have | a history of incorrect and biased reporting. | | > it also mentions he didn't provide anything like the | amount of funding that was initially expected | | Elon provided $100M, were they expecting more than that? | That's quite a lot of money for an early company. | | > Also, OpenAI was never a partnership between just Musk | and Altman, there were half a dozen other people involved | including Thiel and Reid Hoffman, there is no way that | Altman unilaterally pushed Musk out. It looks a lot more | like Musk wanted to be in charge, and doesn't like that | OpenAI ended up succeeding without him. | | It doesn't surprise me that Elon wanted to be in control, | given that they started to go against the joint vision | established by Sam and Elon from the get go. You mention | it was "half a dozen other people", but it was Elon and | Sam that were the public leaders for the vision of the | company. | Clent wrote: | Occam's razor is in effect. Elon is not good and smart. | The onus is on your to proof otherwise. | | I was going to comment on how this article is a Musk PR | move. It's quite clear why the first thing he guts in a | company is PR. He has simp's that will do it for free and | because there is no official PR channel, a literal | reality distortion field is created because only fanbois | get access to the man, the myth, the legend. | | Elon Fucking Musk! | nebula8804 wrote: | I don't know man. What breaks that argument is that | multiple people make the same positive claims about Elon: | That he can handle unimaginable amounts of stress that | would break others, that he seems to have a breath of deep | knowledge in various different engineering disciplines and | that he is committed to his vision. Your theory would make | more sense if everyone was making up random praise about | him but the interviews with the three people I mentioned | were conducted years apart and weirdly all mention these | same praises. Its possible that there is some coordination | going on but across so many people from his different | companies? There must be some sort of truth to the | statements. | abudabi123 wrote: | Elon M fried his braincells over at Tesla in an | unwinnable situation which was saved by angel investors | at the last moment. From that point in time to the | present compare the advanced chips made at Tesla to Ford, | GM for proof of Elon M and the vision thing. The Elon M | companies fit together to tell a story that feels | futuristic. | cma wrote: | GM's Cruise, though it was an acquisition, feels more | futuristic than FSD. They are operating driverless. | michaelt wrote: | _> the interviews with the three people I mentioned were | conducted years apart and weirdly all mention these same | praises_ | | Or it means they had little enough good to say about him | that they had to google it. | Glawen wrote: | I work in a industry with around 1000 engineers in that | field in my location. There must be like 10 big companies | where I can work in the area. Basically everyone knows each | other and when you interview someone, it's easy to get the | person's reputation. | | I just got a new guy in January (didn't do the interview | myself, I was away), I know his ex boss very well and of | course I phoned him to know how he's like. He depicted me a | kind of bad picture of him. | | After 3 months I agree that he's not the sharpest knife in | the drawer. But unlike my friend, I'm not asking for | perfect code, I'm asking for throughput and bold moves in | the wilderness. With that consideration, the guy is | actually ok compared to others! | | I've come to learn to not rely a lot on outside advice on | people, and I prefer to judge it myself in situ. The team, | the company, the project or simply personal life can | greatly affect someone's performances, and it is not | because someone is great at company A that he will be great | at company B. | r00fus wrote: | This is exactly why I hate term "A-player". There's so | much of the team and work culture that impacts someone's | capabilities. | uxcolumbo wrote: | Why do those brilliant folks praise him? | | To stay in his circle of influence or because Elon is indeed | a genius even though he doesn't come across that way. | agumonkey wrote: | Musk himself is somehow schizoid .. he can be wise at times | and then .. he tweets the most retarded thing possible. | nebula8804 wrote: | Extreme aspergers? | NeuroCoder wrote: | He's got a lot of good business knowledge around certain | industries but is way overconfident in how this translates | to other areas | XorNot wrote: | Quality Assurance is one of the hardest things at any | manufacturing company, because it absolutely doesn't care | about "rock stars" or any other fluff. If your employees are | tired and burned out, then yelling at them won't fix anything | because it's not about whether they get it right _that_ time, | it 's about getting it right _every_ time. | | Which means rested, attentive employees who are not going to | be "rock stars", they're going to do the job correctly and | then go home because that's what's required. | nebula8804 wrote: | I'm inclined to agree with this. Its just amazing that they | still haven't fixed these issues even to this day when it | has become a running joke at this point. | onlyrealcuzzo wrote: | > The worst one was a manager that would swoop down with | heroics, take credit for other people's work, not support | reports on ideas you had, played the blame game, etc. | | Sounds the type of person that typically gets promoted into | those roles. | zpeti wrote: | Anecdotal, but I've found many people who complain about | abusive managers are doing a terrible job and are looking for | any excuse to be a victim or explain why their crap work is not | appreciated. | | Misunderstood genius syndrome. | uoaei wrote: | If a manager can't be kind even to underperforming employees, | that makes them a bad manager. | throwawaymaths wrote: | Well in this case more than one of the managers was not | someone I reported to (only one was my boss) and a bunch of | them were _actively let go_ because of their awfulness. I don | 't actually care about the perception of my work. I care | specifically about the startup community and am trying to get | other people to not bring in middle managers from musk | companies without carefully vetting them, because it will | mean pain for their employees. | submeta wrote: | I have seen this kind of behaviour in the consulting business | here in Germany many times. Actually so often that I started to | believe this is the culture around those companies. No | integrity, no real teamwork, lying behind your back, ego | driven, playing the blame game, very poisonous atmosphere. | dragonelite wrote: | Classic office politics. | bombolo wrote: | At my previous company they hired a guy from amazon (aws) to be | our new manager. | | He sucked. | | Overnight he implemented all the bullshit meetings they had | over there. At said meetings he wouldn't listen what people | said, and he'd forget what tasks he'd tell people to focus, so | the next meeting he'd scold people for wasting company time | doing stuff that was not the task they had been assigned. | fhe wrote: | selection bias? in that the people who were let go from or | decided to leave SpaceX were the worse performing ones to begin | with? | throwawaymaths wrote: | Well the op article is specifically about people who left | SpaceX and are seeding into startups, so in this thread we | very much care about this selection bias. | simonh wrote: | Indeed, it seems premature to conclude that a set of people | who all left SpaceX must be representative of employees who | stayed at SpaceX. | [deleted] | mkolodny wrote: | I'm the founder of a 1 person company. If the company ever | grows to 2+ people, I hope to give my teammates the freedom I | wish I had as an employee. | MikeDelta wrote: | Remember: it is all up to you to set the company culture. If | you find the right people who can thrive under the freedom | and responsibility that comes with it, I am sure you will | have created a great place to work! | | All the best with that! | majkinetor wrote: | That naive utopian attitude will change as soon as you have | 2+ people. | lnsru wrote: | Yes! When you think, that these resources each cost you | 80000EUR a year, you want to use them really well and get | some serious output. | yawnr wrote: | VCs and other startups love to shower these people with money | like they're the second coming only to find out that their | success was purely circumstantial and mostly a confluence of a | ton of factors that had nothing to do with them like luck and | timing. | majkinetor wrote: | Strange generallization. In any environment there are always | those that don't belong. | | There must be some double digit percentage of them who are | genuinelly sculpted in specific way in that harsh working | environment. Or you are saying that stressor doesn't make you | better in any way (if you survive it). | | Probability looks higher that you will find such people at | ex-Space X group then other more relaxed and/or | bureaucratically leaden companies, IMO. | | They shower them with money because, as always, they don't | know who is genuine and who is not, only results will tell | but looks like a solid bet anyway, more then showering with | money random engineer of ex anything. | robocat wrote: | The VC model is invest in a bunch of companies, with the idea | that one goes to the moon and the rest fail. One success pays | for a lot of failures. | | So if you personally see a lot of failures, that doesn't mean | the VC model is failing. Although most VC funds lose money | (there's a power law for their returns too!) | | Paul Graham wrote a scathing summary of VCs, and one reason | for YC is to be more honest and fair (YC still aims for | capitalist gains, they just play the game differently). | http://paulgraham.com/venturecapital.html He also wrote that | it is near impossible to pick investment winners (which is | what VCs are "supposed" to do). | LightBug1 wrote: | Sounds familiar. | | I guess the apple doesn't fall far from the ... | SCUSKU wrote: | My personal anecdote is that I had an ex-SpaceX engineer as a | VP of Engineering for a startup I worked for. And he was great. | He is a nice guy, super friendly, very knowledgeable, solid | manager, always bringing people into the fold, and technically | very talented. | | The company he was the VP of Engineering for was an indoor | vertical farming startup (which is failing), and he moved onto | a new venture in the climate space. | uxcolumbo wrote: | Why is it failing? | | Poor management or not viable? | | Vertical farming seems key for our future. | rapsey wrote: | It has never been and has no path to being economically | viable. | CydeWeys wrote: | Vertical farming is a solution in search of a problem. It's | not viable and it doesn't solve any meaningful issues in | agriculture. In cities, land is more productive when used | for other purposes (residential, commercial, retail, etc.), | and out in the country where crops are typically grown, | space simply isn't an issue to the point that you need to | go up. Indeed, way more food is currently produced than is | actually needed for human consumption (most cropland in the | US is used to feed livestock or turned into bioethanol). | catmanjan wrote: | We still aren't fully utilising horizontal farming which is | significantly cheaper | prox wrote: | My uncle is in that business. Even with organic (so no | chemicals) techniques the amount of optimization that can | be done is staggering. Companies do keep their knowledge | very secret, so you won't know as an average farmer, it's | definitely not an open source spirit in the farming | industry. | blatant303 wrote: | Setting the topic of weed aside, are there pharmaceutical | crops that would make sense economically to grow in a | controlled environment ? | philwelch wrote: | > Vertical farming seems key for our future. | | This has never made sense to me. Vertical farming is just | greenhouses except with artificial light instead of natural | sunlight. Presumably the renewable source of energy for | that artificial light would be solar panels. So why not | just build normal greenhouses? | notahacker wrote: | Theoretically the advantages are light sources focused | where the plant needs when they need it resulting in | faster growth. Just turns out that for most crops, that | (and lower land use) isn't enough to cover the | disadvantages of the extra infrastructure needed. Plus | you can install lights in a greenhouse... | jelliclesfarm wrote: | They have only ever managed to grow lettuce with vertical | farming. Produce out of farm gate is at the bottom of the | supply chain. It will never be profitable unless people | are willing to be 4-5x what they pay for lettuce now. | | CA field grown lettuce gets the farmer less than half a | dollar per head. Meanwhile: | https://www.montereyherald.com/2022/12/16/11-for-a-head- | of-l... | | Expect price increases and food shortages this year | because of rains in CA. We are not allowed to plant for | 45-60 days after last rains so field can dry out. | | The truth is that we do have a real food shortage | situation now. The vertical farms won't make a dent in | making up the gap. Not even close. | sandworm101 wrote: | Well, they were _former_ SpaceX people. Perhaps the good eggs | are kept and these were SpaceX castoffs? But that is probably | giving SpaceX too much credit. I get the sense that they simply | have an insane turnover rate that sucks a little good work from | everyone before kicking them to the curb. I would expect people | grown in such an environment to be at least a little poisioned. | robomartin wrote: | Well, at a place like SpaceX you have many layers of people. | First, you have people like Elon and the managers who learned | from him. Elon is famous for ripping people to shreds in | meetings. Yelling and screaming at them. Telling them just how | stupid they are in front of the entire room. | | Layers of managers emulate this and treat people like shit in | meetings. Not everyone, of course. You then have thousands of | young freshly-graduated people who are in a range between not | having a clue to believing they are hot shit because they come | from a top university and work at SpaceX. | | In the middle of all of this, you have a ---relatively | speaking-- small group of older, experienced people who make it | all work. They work around folks who can't create a decent | Excel spreadsheet to save their lives and the "I have a Masters | degree from MIT" crowd who truly need to be humbled. | | Somehow the entire thing works. A reflection of society in some | ways? It seems every company and society is, in some form, | carried on the shoulders of a select few who actually get it | and are capable enough to make it happen. | throwawaymaths wrote: | > Somehow the entire thing works | | This is basically cargo culting/ type I error. I've worked | for companies that were explicitly NOT this way, they were | just fine. | | Hell even my immediate boss at aforementioned company was not | that way but he was tanked by my skip boss (the musk co. Guy) | and immediately my productivity tanked too. | PragmaticPulp wrote: | > Some were just abusive managers, many were just not that | effective. The worst one was a manager that would swoop down | with heroics, take credit for other people's work, not support | reports on ideas you had, played the blame game, etc. | | Also anecdotal, but this is identical to my experience with a | handful of ex-employees of some Elon companies. They were | basically office politics machines, optimized to promote | themselves at the expense of everyone else. | | One claimed to have worked closely with Elon, but after seeing | him lie about so many other things I don't trust anything he | told us. | | They were weirdly, unnecessarily ruthless in everything they | did behind your back. But they were also highly polished and | charismatic when addressing you directly. | | Obviously this isn't unique, but it was weird to see how | consistent it was from this group of people. | [deleted] | hikawaii wrote: | Then that means that office politics optimizers were able to | make Boeing, Lockheed, and NASA look like jokers at something | they'd been doing for decades. | | If I thought this about SpaceX management and ex employees | was representative of the culture as a whole,I would throw | out all the modern books on managing tech organizations and | go all Taylor immediately. | tekkk wrote: | From what I understood SpaceX was founded by some brilliant | engineers and Elon just became the poster boy with no | actual engineering credentials. Undoubtedly he is business- | savvy but it seems not that surprising managers who take | credit for the engineers' work might thrive there. | xedeon wrote: | Patently false. | | 1. https://twitter.com/lrocket/status/1512919230689148929 | | 2.https://twitter.com/lrocket/status/1099411086711746560 | | 3. https://en.m.wikipedia.org/wiki/Tom_Mueller | tekkk wrote: | Tom seems brilliant but I wouldn't refute my argument | based on a single datapoint. I've seen non-technical | managers being able to hold conversations and make | insightful comments having been around engineers for so | long. A little bit like ChatGPT, now that I think of it. | And they definitely can serve as a counter-balance to | over-engineering. | | But would they be able to code a single HTML page on | their own? I doubt it. They definitely know how to spec | one down to the last detail, but alas there's a | distinction here. And I would also argue Tom might be a | little biased in his opinion. I don't particularly have | anything against Elon but I'm not surprised certain type | of people with personality faults gravitate towards him. | xedeon wrote: | > Tom seems brilliant but I wouldn't refute my argument | based on a single datapoint. | | Sure, I agree. However, there are many other examples | that you can easily look up. But I do find the by amount | of mental gymnastics in your response interesting. | | I think it's fair to say that the opinion of those who | have worked with Elon closely for many years hold the | most weight. Compared to outsiders who just speculate on | the internet. | tekkk wrote: | All right sir. You seem to hold a strong opinion about | the subject, i do not. I find it funny rebuting me by | using term mental gymnastics but i find this debate | fruitless to pursue. A speculating outsider on interwebz. | Okay. Sure. | concordDance wrote: | Got any source for further reading? Everything I can find | says that Musk founded it and was heavily involved in the | engineering. | SilverBirch wrote: | This is a common fallacy. Modern businesses are _enormous_ | and succeed or fail for all sorts of reasons. Trying to | figure out who is actually responsible for the success of a | company is difficult. Just because a company is successful, | doesn 't mean every employee of the company is great. It's | essential to understand what the dynamics of an industry is | in order to understand why a company is successful. In the | case of SpaceX there's no doubt there are _some_ people | there who are great engineers. But that 's probably not why | they beat Boeing. | b33j0r wrote: | A real-life reusable rocket that lands back on the pad | was an exciting project to be a part of, no matter if you | were doing it in a virtual sweatshop. | | I could see being part of that ultimate goal as being a | motivation to work for the aliens from the Simpsons | (don't blame me, I voted for Kodos!) | | But given the progressive nature of the projects and "for | all of humanity" vision that was presented, I have always | been disappointed to hear these things about the | operation. I'm glad I didn't sign up, and it was | tempting. | | Look at outcomes. The whole thing was _actually_ about | cornering access to LEO, the whole time. And it largely | worked. | hikawaii wrote: | They've only "cornered" access to LEO because they vastly | outperform the competition in almost every conceivable | category. That _should_ get you a short term monopoly. | b33j0r wrote: | Yep. Yep. and Yeah... I didn't quite succeed at making | that sound like I was still a fan. I'd still work on | these things given an opportunity. For sure. | | I guess around the time some of these crunchtimes have | been reported, I was in some other crunchtime too! | | My bias: "hey remember when we sat around and played | foosball for lunch? We actually got a lot done anyway" | nostrademons wrote: | "More revenue solves all known problems" -- Eric Schmidt | | "The only thing that matters is product-market fit" -- Marc | Andreesen | | Being in a good market with the first product that can | satisfy that market solves all sorts of management sins. | Look at Twitter, Zenefits, Uber, WeWork, Zynga, Digg, etc. | Or for that matter - how do you think Boeing, Lockheed, and | NASA started looking like jokers? | | Dominance in a market is usually an anti-signal for | management quality, because it means you can get away with | stuff that you couldn't in more competitive markets. | santoshalper wrote: | Or maybe it's just the ones who left? | jpgvm wrote: | Or fired. | dalbasal wrote: | In a sense, this is _the_ organisational fallacy, of our | time. | | The baby version of this was 15 years ago, when Jobs was | Musk and being an asshole was the main/only feature | visionary executives emulated. | | Maybe the lesson is that we're bad at lessons. | hungryforcodes wrote: | What was the ACTUAL lesson with these two? I can guess | your intent, but could you specify? Also I think the | grand father version instead of the baby version. Apple | is massive... | lostdog wrote: | * Build something people want and will pay for. | | * Figure out what the product must look like early, and | keep your vision consistent for a long time. | | * Dive into the details of the product, and try to get | quality at the lowest levels. | | * Hire great and motivated people. | | * Remove roadblocks that prevent people from moving | quickly. | | Those are the real lessons. | | My current job does all of these, and doesn't do the | "Treat people like shit," thing that is the core culture | of Elon's companies. We move faster than the Elonverse | companies, while working on a problem of similar | difficulty. | whiplash451 wrote: | Where do you work? | nitwit005 wrote: | Business success often only requires that you be less bad | than your competition. | moffkalast wrote: | Or maybe SpaceX did that despite being held back by those | people. NASA's management is rather infamous too so it's | not like they're competing against much there. Every time | NASA's managers gained too much influence over the | engineers people actually died. | Clent wrote: | Engineers are pragamtic as profession. Managers are | glorified sales, their primary product is selling their | team and move the goal post forward. | | As as a software engineer, I'd rather buy my next car | from an engineer who designed it rather than anyone else | in the chain. Not because we speak similar languages but | because I know that engineer will happily list ever bit | of that makes them feel uncomfortable. | | Engineers main task is to physically make something. | | Even in software engineering something is being | physically built up to run the software. We decided to | call this the cloud because we let sales people define | it. It ain't a cloud, you cannot fly a plane through it. | | Construction is the one step that cannot be easily | cheated. The machinery we build today is massive and | complex so while the bureaucracy prevents a single | engineer from addressing the issues, they are position to | see see it. | | My first question for a rocket company isn't the CEO's | confidence. It is, would engineer #134 use this product | with their families? Would you entrust the lives of our | children to what you've built? | hungryforcodes wrote: | > Construction is the one step that cannot be easily | cheated | | This is a great quote, btw. | ricksunny wrote: | Selection bias on who decided to leave / got removed from the | organization vs who opted to / could stay inside it? | sandworm101 wrote: | >> One claimed to have worked closely with Elon, but after | seeing him lie about so many other things I don't trust | anything he told us. | | Lol. Sounds like he indeed worked very closely with Mr. Musk. | [deleted] | hungryforcodes wrote: | And yet their rockets really work! | datadeft wrote: | > Some were just abusive managers | | > They were basically office politics machines, optimized to | promote themselves at the expense of everyone else | | > Obviously this isn't unique | | Most middle management is like that. You must be extremely | lucky to work people who are not like these. During my 20 | years I had maybe 3 people out of the 100 I have worked with | who were decent and looked out for the people who they | managed. | Yoric wrote: | Still anecdotal but most of the managers I've worked with | were very much decent people. Not all of them extremely | efficient, but definitely decent. | permalac wrote: | Same for me. I worked with managers who mostly tried to | do a decent job, some failed some succeeded, some were | incapable others were good even when working at 50% of | their capacity. | | I've only had to deal with one bullshit machine and he | quickly moved to another location, my guess is he is | moving every time his bullshit has grown to difficult to | keep up. | brandall10 wrote: | Curious, but what kind of companies were these? | | I have a similar experience but haven't worked for any | big tech or name brand companies. The vast majority were | in the health tech space with a smattering doing things | that would be considered ethically sound (ie. Solar | energy marketplace). | | I have had a couple nightmare supervisors who were | obvious sociopaths, and have several who were | incompetent, but for the most part only worked for folks | with high EQ. | Yoric wrote: | (I'm not going to count my time in academia) | | 1. One nightmare CEO in an early stage tech startup. | | 2. A dozen managers at Mozilla, which ranked from "should | have remained a dev" to "great managers". One of them was | politically-minded, everybody else was truly attempting | to make the team and the project work. | | 3. A few managers in a more recent tech startup, all of | them good (albeit over-worked). | hungryforcodes wrote: | You must have bad luck. Many middle managers are previous | ICs who are still trying to pay the bills -- they're not | automatically bad people. Consider also that bad companies | hire bad people -- so maybe you could consider that as | well. | | My experiences with management have been pretty positive. | But I am biased: if my situation sucks -- I leave. Perhaps | you stayed longer than you should have... | dennis_jeeves1 wrote: | >During my 20 years I had maybe 3 people out of the 100 | | Pretty much seems to reflect the general populace. The | figure seems to be actually better than the general | populace. | HopenHeyHi wrote: | [flagged] | KptMarchewa wrote: | "anti-Elon companies" | rsynnott wrote: | Companies which have committed thought-crime against Dear | Leader, one assumes. | | (Nah, I've no idea what they're talking about. Companies | which _compete_ with Musk's companies, possibly?) | HopenHeyHi wrote: | [flagged] | [deleted] | realworldperson wrote: | [dead] | lifeisstillgood wrote: | - it's frankly impossible to pick investment winners - so a more | sensible approach might be to provide smaller investments to more | people. Governments basically do this by providing schooling and | health care to children till age of 18 or so. I mean the RoI on | teaching Elon to read was fairly high. I wonder if his primary | school teacher could get a lien on future earnings? | | - if MMT is right, then the problem is not limited capital but | limited investment opportunities- but if we invest in everyone - | what does that mean or look like? | jagged-chisel wrote: | > I wonder if his primary school teacher could get a lien on | future earnings? | | It's not the primary school teacher that made the investment. | It's whomever was bankrolling salaries and expenses for | teachers, cafeteria workers, buildings to house the activity | ... | | The "lien" on future income would likely be "taxes" (assuming | public school here.) | lifeisstillgood wrote: | Yes - I agree I was just trying to find my way towards | | "the human economy is a whole, even within countries seeing | government as a cost to be minimised, taxes to be avoided and | private investment as somehow privileged" | | is a poor analysis. | | I mean such a huge amount of private spending is trying to | alter "predominant cultural norms" - advertising etc. yet | breakout successful companies tend to break at just the right | time that their PMFit barely needs advertising. | | Less dinosaurs trying to look cool and more evolved companies | would help - and it would help in that we have constant turn | over of companies would mean we were measuring actual | productivity better - very useful in MMT terms. | | Somehow I am feeling towards our tournament style approach of | allocating the power to allocate resources is false. We have | young democracies, but work in dictatorships - and invest in | similar ways. | | I think basically we need to find better ways of "doing | democracy". imagine voting on internal projects? it will hurt | but if we think democracy works then open discussion and | decision making actually will result in stronger companies - | or just a return of capital ! | lordnacho wrote: | This poses a bit if an interesting quandary for society. | | Which society paid for Musk to be educated? He grew up in | South Africa. How much tax does he pay there relative to | where he built his stuff? Where should he pay his taxes? | | What about other people who grow up elsewhere and move? Is it | ok to hire a load of doctors from other countries? | lifeisstillgood wrote: | There is the glimmer of a movement here - the Yelland led | move to 15% minimum corporation tax is part of the move to | solve this very problem. The EU is trying to solve this. | But it's reaching the point of dealing with cross border | fiscal policy and that's really hard without become a real | federation. | | And Inthink that is the ultimate global goal here. Which is | ... science fiction | | Imagine how immigration would look different if South | Africa had a lien on ex-citizens taxation - if a slice of | every sales tax paid in Nevada by a Mexican citizen went | back to Mexico City. | | I am not sure how it plays out - but it's possible that | countries that benefit from immigration have to pay for it. | jeffreyrogers wrote: | > it's frankly impossible to pick investment winners | | There's an entire industry of highly compensated people built | around the idea that you can pick investment winners. | | > so a more sensible approach might be to provide smaller | investments to more people. | | Banks have commercial lending departments that fill this | function. Doesn't help with startup capital, but I doubt that | is the limiting factor preventing most people from starting a | successful business. | lifeisstillgood wrote: | >>> There's an entire industry of highly compensated people | built around the idea that you can pick investment winners. | | Just because someone pays you because you say you can pick | winners, don't make it so. Top VCs like top Heege funds do | get access to the best options - but the vast vast majority | of those industries don't outperform index funds (after | fees). | | Plus even for the good ones, it's only the handful of major | winners that compensate for their parlours ability to pick | winners. | | Bert Bachart was asked "what's the secret to a hit song" and | he replied "If I knew that why would I write anything other | than hit songs" | | There is a world of difference between "I have an idea and if | it goes wrong I have some good war stories" equity investment | and "I have an idea and if it goes wrong I have a decade of | debt to pay". | | Really commercial lending departments are just part of the | banks real roles of printing money and managing the temporal | shifting of the liquidity illusion - ie helping existing | businesses manage cashflow issues - startups is a tiny | fraction of funding. yet startups is where the huge growth | can only come from. | onetokeoverthe wrote: | [dead] ___________________________________________________________________ (page generated 2023-04-02 23:01 UTC)