[HN Gopher] SpaceX alums are branching out and shaping the start...
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       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]
        
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