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its so you can't go apply at the company itself and prevent the recruiter from getting their fee
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Sep 17, 2019 21:05
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dc3k posted:why do recruiters give me no information on what the company is or does and a paragraph about investors and where they used to work. what the hell do I care about any of that?
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Sep 17, 2019 21:39
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JawnV6 posted:investor story time is partially premised on the belief that the investors have unique skills that skill being the ability to write 7 figure checks that don't bounce
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Sep 17, 2019 21:41
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Send bobs and vashee
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Sep 17, 2019 21:49
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dc3k posted:why do recruiters give me no information on what the company is or does and a paragraph about investors and where they used to work. what the hell do I care about any of that? because it's startup bullshit and as soon as you hear the pitch you'll want to walk away they want to be in the room with you to really sell it hard, because it's stupid
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Sep 17, 2019 21:49
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dc3k posted:why do recruiters give me no information on what the company is or does and a paragraph about investors and where they used to work. what the hell do I care about any of that? How the gently caress do you go to Harvard and still end up being a cold-mailing recruiter?
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Sep 17, 2019 21:51
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Schadenboner posted:How the gently caress do you go to Harvard and still end up being a cold-mailing recruiter? harvard extension school. PM at dropbox is actually more curious maybe he lost all his money on ethereum
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Sep 17, 2019 22:00
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Schadenboner posted:How the gently caress do you go to Harvard and still end up being a cold-mailing recruiter? someone has to graduate bottom of the class
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Sep 17, 2019 22:05
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Notorious b.s.d. posted:someone has to graduate bottom of the class It's like the old joke: "What do you call the guy who graduates last in his Medical School class?" "Doctor"
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Sep 17, 2019 22:07
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dc3k posted:why do recruiters give me no information on what the company is or does and a paragraph about investors and where they used to work. what the hell do I care about any of that? The theory that they pick startup winners and thus your stock options will be worth 
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Sep 17, 2019 22:22
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hobbesmaster posted:that skill being the ability to write 7 figure checks that don't bounce feedmegin posted:The theory that they pick startup winners and thus your stock options will be worth
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Sep 17, 2019 22:25
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feedmegin posted:The theory that they pick startup winners and thus your stock options will be worth unlike the VCs you are not going to work 10 jobs simultaneously and be perfectly happy if 9 of them tank
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Sep 17, 2019 22:41
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ask if you can trade your stock options in that one specific startup for a spread of options in every startup those same vcs are funding
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Sep 18, 2019 02:53
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Jabor posted:ask if you can trade your stock options in that one specific startup for a spread of options in every startup those same vcs are funding the answer is "no" for obvious reasons
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Sep 18, 2019 05:04
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Jabor posted:ask if you can trade your stock options in that one specific startup for a spread of options in every startup those same vcs are funding isn't this only possible if you have a net worth of at least 4mil usd or whatever the cutoff is for "accredited investor"
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Sep 18, 2019 05:06
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hobbesmaster posted:isn't this only possible if you have a net worth of at least 4mil usd or whatever the cutoff is for "accredited investor" this is not the obvious reason
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Sep 18, 2019 05:23
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let me lay this out for you assuming that 90% of vc funded firms fail, the vc funders are expecting to pay out on less than 1% of the options issued to employees
and even after all that, they'll be paid out after everyone else in the cap table gets paid they offer you options instead of cash because the expected value of $1 in options is like, three cents offering you a complex bucket of options, or an option on a complex bucket, would drastically increase their costs. it would basically just be a "class B" share in their investor pool also can you imagine the legal maneuvers required to continue cheating employees out of any gain when there are options on buckets, or buckets of options? Notorious b.s.d. fucked around with this message at 05:27 on Sep 18, 2019 |
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Sep 18, 2019 05:24
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when a publicly held company offers you stock options or stock grants, it costs them "real" money in their accounting, under gaap principles. handing you out $50 in stock looks almost exactly like handing you $50 in cash, on their books the reason they do it is to increase your level of engagement with the company and its goals -------------------------------- when a privately held company offers you stock options, it costs them $0. the strike price is higher than the actual value of the share. the value on paper is $0. it creates a "liability" of sorts, in the cap table, but it costs them nothing as a matter of continued operations. they don't give a gently caress about gaap, because there is no one looking at the books anyway the reason they do it is that they think you are stupid enough to work for magic beans -------------------------------- see the difference?
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Sep 18, 2019 05:30
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Just to change the conversation from startups to established places. I applied for a staff position as a technician at my place of work late last year, and got through a video interview and a final interview with a presentation, practical and written tests, and a board. Didn't get the job but I was still happy that I got that far (there were 200 applicants) and anyways the position was mostly just laying cable and I still had a long time till my contract ended, so no big deal. I got really good feedback and was encouraged to continue my studies. I got a call a couple of months ago that there was a post that I might be a good fit for, so I applied for it. I was asked to do the video interview just three days later and did the final interview a few days ago. I just learned that I got the job, so I'll be studying online while working for the near future. This is great, since my horizon was just one year up until last week, and now I can make plans for at least 5. I'll be a technical engineer in a world class scientific organisation with cutting edge tech. Good tax-free salary as well. 
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Sep 18, 2019 11:34
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https://twitter.com/DanMentos/status/1174026663069224960
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Sep 18, 2019 12:19
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Its cool though he gave him new ones. Not the SAME ones, i.e they weren't resurrected, just replacement ones that were fine
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Sep 18, 2019 13:03
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OT god is a total loving rear end in a top hat, any wonder repubs love him so much
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Sep 18, 2019 13:24
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Public companies, like private ones, use options to make investors pay for employee comp. The true difference between private companies and public companies is that private companies funded by VC or PE are run by investors seeking short term realized gains and public companies are run by managers who want investors to buy their stock but not tell them what to do and have no timeline. For big tech, no one cares about this transfer while the stock price is going up.
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Sep 18, 2019 14:28
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i'm wayyyyyyy out of practice for interviewing and the non-technical stuff is really throwing me for a loop always be interviewing y'all
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Sep 18, 2019 14:30
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2013 lurker rereg posted:Public companies, like private ones, use options to make investors pay for employee comp. that's hugely deceptive i mean it is true in the sense that "the investors" are the ultimate payers of all corporate expenses, but it's not true that the private and public situation are similar a public company has to mark its expenditures on stock/option grants down exactly the same way it has to mark its spending on salary. it hurts their balance sheet. as an example, twitter is obliged to report losses every year, because their stock grants to employees count as losses a private company ... isn't subject to that problem, because accounting is a private matter, with no objective standards applied. and, of course, even by an objective standard, the cost of options issued is literally $0, even if you were to apply GAAP, because the strike price of the option is higher than the real-life value of the stock (i.e. strike ~= par value, and par value is notional) 2013 lurker rereg posted:The true difference between private companies and public companies is that private companies funded by VC or PE are run by investors seeking short term realized gains and public companies are run by managers who want investors to buy their stock but not tell them what to do and have no timeline. For big tech, no one cares about this transfer while the stock price is going up. this is just blithering nonsense and i have no comments Notorious b.s.d. fucked around with this message at 20:28 on Sep 18, 2019 |
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Sep 18, 2019 20:26
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"We have discussed your background and qualifications and found that your skill set was not an exact fit for this particular position." ah well good luck finding that one perfect peg then (the interview seemed to go well and i don't remember any discussion of particular skills outside of PL skills that I have) Gazpacho fucked around with this message at 21:24 on Sep 18, 2019 |
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Sep 18, 2019 21:07
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If they thought you were good at what you do but thought what you do was not what they are looking for, they shouldn't have wasted your time by inviting you on site. Or maybe it's just copout feedback and for whatever other reason they didn't want to hire you.
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Sep 18, 2019 22:07
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Gazpacho posted:"We have discussed your background and qualifications and found that your skill set was not an exact fit for this particular position." that just means "no"
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Sep 18, 2019 22:21
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tak fucked around with this message at 03:47 on Oct 11, 2019 |
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Sep 19, 2019 00:10
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I may not have been clear enough. Net income is gaap rev rec, cash flow is actually paying for things. When companies pay payroll, they do it with their cash. When they pay out options, they do it by diluting the shares of investors--using investor cash by devaluing their shares, without pulling a cent out of the company bank account. The FTs blog might explain this better: https://ftalphaville.ft.com/2018/05/02/1525233601000/Free-cash-flow-to-whom-/ Very little about public company behavior should be motivated by gaap rev rec, since valuation is still cash flow driven for publics, and it's far from the same to pay out cash as it is to pay out someone else's cash. Particularly for big tech, weak corporate governance and bubbly markets are what enables the current trend in stock based compensation. There's a reason you only see big RSUs at big tech, and it's not just because traditional companies are assholes.
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Sep 19, 2019 00:16
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2013 lurker rereg posted:I may not have been clear enough. Net income is gaap rev rec, cash flow is actually paying for things. When companies pay payroll, they do it with their cash. When they pay out options, they do it by diluting the shares of investors--using investor cash by devaluing their shares, without pulling a cent out of the company bank account. The FTs blog might explain this better: https://ftalphaville.ft.com/2018/05/02/1525233601000/Free-cash-flow-to-whom-/ the article you link to has almost exactly the opposite thesis that you proposed. it explains how non-GAAP figures can benefit from share issuance as opposed to salary. when you come down to GAAP accounting, that benefit is totally lost. it is only a matter of cash flow accounting if you think you can win with public investors based on cash flow accounting instead of gaap, i have a very nice bridge to sell you. for an object lesson, see twitter. for private firms it's even dumber, because the shares themselves have no real value -- only a par value -- so the options are valueless. an option on illiquid stock, with a totally arbitrary stock price. whoopdie fuckin do. literal magic beans.
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Sep 19, 2019 05:25
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Notorious b.s.d. posted:the article you link to has almost exactly the opposite thesis that you proposed. it explains how non-GAAP figures can benefit from share issuance as opposed to salary. when you come down to GAAP accounting, that benefit is totally lost. it is only a matter of cash flow accounting YOSPOS, bitch!
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Sep 19, 2019 06:24
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Companies aren't valued based on GAAP net income. CAPM is nearly old enough to retire and is fully baked into valuations. It might not hurt to be less condescending when misexplaining domains that are outside of your expertise.
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Sep 19, 2019 06:58
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2013 lurker rereg posted:Companies aren't valued based on GAAP net income. CAPM is nearly old enough to retire and is fully baked into valuations. It might not hurt to be less condescending when misexplaining domains that are outside of your expertise. yeah, no we're gonna have to agree to disagree on this one perhaps you would be interested in investing in twitter
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Sep 19, 2019 07:03
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dc3k posted:why do recruiters give me no information on what the company is or does and a paragraph about investors and where they used to work. what the hell do I care about any of that? last job I got through a recruiter. he emailed me, I said "where in the city is it and what does it pay" and got a name, address, and salary numbers within an hour. it was so refreshing. I actually liked that dude, he's probably the only recruiter I worked with who improved the job hunting experience.
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Sep 19, 2019 13:10
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Normally I don't name and shame, but this just came in:quote:Client: Disney Guess the max on the range! $65/hr on c2c otherwise depend on experience
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Sep 19, 2019 20:52
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I know a few people that previously worked at Disney and they advised me to stay away
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Sep 19, 2019 21:00
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PokeJoe posted:I know a few people that previously worked at Disney and they advised me to stay away
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Sep 19, 2019 22:58
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ratbert90 posted:Normally I don't name and shame, but this just came in: Responsible for: doing the job of 9 separate people
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Sep 19, 2019 23:12
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ShadowHawk posted:Does Disney have a proper "engineering" culture at all? Most of their big tech things seem to be acquisitions. Yeah but it's very much hire you as a contractor for a project and lay you off when it's done. They do stuff like apps for Disneyland and such, at least out here.
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Sep 19, 2019 23:33
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