Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

rotor posted:

“ive never shipped a bug to prod” means you dont ship or you dont test

conversely, "ive only shipped bugs to prod" also probably means you dont test.

Adbot
ADBOT LOVES YOU

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination
I liked academia other than the whole publishing papers part. But as champagne posting pointed out, "your only metric is how much you publish". Whoops. Glad to never have to write another paper or deal with reviewer comments again.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

koolkal posted:

interesting, so i heard back and the price for the options are in the 10s of pennies per share based on their last calculation

im not completely sure how this should change my outlook. as you mentioned, theyre still basically useless unless the company continues existing

ISOs have to be exercised within three months of leaving the company. If the share price is that high then we're talking about thousands of dollars to take the gamble on the company if you leave before an exit. And let's be real, unless an exit is imminent, you'll probably leave before the exit. This means ISOs from startups that have a FMV that high are basically always useless unless you become a lifer and get lucky with them exiting eventually. I know this first hand.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

CPColin posted:

It's a notable difference between Southern and Northern California dialects, to the point where all my college friends, who came down from the Bay, tried to shame me out of the habit lol

Yeah, it's because the first freeways in socal were not numbered, but instead named, e.g., "the san diego freeway" and "the santa monica freeway". When they started numbering them, people who were used to calling it "the santa monica freeway" switched to just saying "the 10" instead, keeping the "the" in front. The rest of the country would typically say something like I-10 instead, so it is somewhat unusual. That said, I grew up in the central coast and we all called it the 101, so the dialect makes it that far north, at least.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

shitface posted:

Californians also managed to make Arizona less livable during and post-covid (as much as covid can be defined as “post”)

really it’s a testament to how much Californians make everything worse, including California

Which is funny because in San Diego there is a long running meme about vacationers from Arizona (zonies) ruining everything. So I guess it runs both ways.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

Its a Rolex posted:

These guys from the start of this month emailed me back this morning after reiterating that they "wanted to move quick and he would take my interview to his team immediately for review". The email, first thing on a Friday morning, said they were impressed with my interview and wanted me to do the take home challenge, due on Monday.

As part of that challenge I needed to implement a system for optimizing a particular kind of device. Then I needed to use that system to solve an almost entirely unconstrained design problem to "make that device" and send them those results, too. Then I needed to give a plan for testing and validating that design in the lab that I provide them with.

It's due on Monday, but if I need an extra 24 hours for my simulations to run and get a better answer (they did not provide licenses to industry design software or compute resources) that would be okay.

They also plaster their NDA all over all documents and made me sign an NDA before the interview, so I think I'm just gonna focus on the panel interview I have this afternoon elsewhere instead of doing free design work on my weekend for a team that ghosted me for almost exactly a month

We pay our interviewees for their time spent on a take-home exam. Every company should do that. It's only fair. It also incentivizes the company to make the exam shorter so they can pay less.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination
San Diego is great, but don't get too attached if you're here for just an internship. The local pay is poo poo and the only people who can afford to live well here are working remote for bay area companies, or saved up enough while working in the bay to not need more than the local salary.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

bob dobbs is dead posted:

sd has a lot more than touchers. they got military and biotech and stuff

Yeah, my wife is in biotech and the pay is poo poo compared to the bay, even within her industry. We certainly couldn't buy a house off two people earning her salary.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

rotor posted:

its been said many times, but it bears repeating: dont make your first interiew in years be for a job you really want. For your first interviews, you should be applying to jobs you have no intention of taking. Of course, this only works in a job-rich environment like the bayarrhea or east cost or seattle or whatever so if you're not there, idk, do your best idk

I'm currently in the process of making this mistake. After months of brushing off recruiters because I "wasnt ready yet" a recruiter reached out with a job I'd actually like so I'm currently going through the fun of being anxious about the things I'm saying in these calls. TBH I still might not take it if they offer the bottom of the range, but it definitely makes it more stressful to be rusty and want the job. Don't make my mistake.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

KoRMaK posted:

that's pretty tight but what are they getting out of me using their extension? if it's free then they gotta be selling my data or something right?

Well it's not free like Google is free. Rather they have a paid $40-a-month tier and a free tier and they sure hope you might upgrade to the $ 40-a-month tier.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination
We're a 100% remote worldwide startup. We use Rippling + Deel to handle the details of that. But I am pretty sure that everyone outside the US has been hired as a contractor. Not sure we've gone through the hoops to make any of our non-US workforce local employees.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

Mantle posted:

If the equity is in the form of options, take a careful look at the conditions on expiry. I've had 3 offers with options now, and all 3 had a clause that options expire 90 days after leaving the company, whether or not it is your choice.

That means if if your options are not in the money OR if your equity is not publicly traded, they either become worthless or you need to pay the strike price out of pocket in order to keep your vested equity (and pray for an exit).

For this reason, I value options at $0.

100%. Startups are banking on the idea that you value them highly so that they can pay you less. But because options expire 90 days after leaving (never seen any that don't) they are almost always worthless. You can choose to take a very risky gamble and buy them anyway with no exit in sight, but that is almost always negative expected value. And the simple fact of the matter is that almost no one has a tenure that stretches from when option grants contain a lot (early days) to when an exit happens. Most people leave or are laid off before then. And, even if you get an exit, because investors have preferred shares, you might not get anything anyway. I very much value options at $0 these days after having (through ignorance) highly valued them at my first startup job.

CompeAnansi fucked around with this message at 18:35 on Apr 18, 2024

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

bob dobbs is dead posted:

there's ones that expire 99 years after, there's ones that expire 7 days after. huge fuckin spread

Yeah if the expiry is longer than a couple years, then I could see valuing them at > $0. But only in that case if its early stage. If it's a late stage (series D or later) profitable company, then I could definitely see valuing them at > $0 just because you're likely closer to an exit, but you're also getting very few shares, comparatively.

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

Mantle posted:

It feels like companies are just preying on a financial literacy gap.

They are

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

rotor posted:

startups can be a great kickstart to your career cause its usually easy to be promoted. Going from “3 years out of college” to “VP of Engineering” in 2 years is really only possible in startups.

they absolutely have their downsides but

You often also get flexibility on exactly what you're doing and get to try out a lot of different stuff. So if you're not completely certain what you want to do regarding, e.g., front end or back end or data, many startups will give you the flexibility to do different things simply because those things need doing and they do not have the headcount to have a specialist available for every task yet.

Adbot
ADBOT LOVES YOU

CompeAnansi
Feb 1, 2011

I respectfully decline
the invitation to join
your hallucination

CompeAnansi posted:

I'm currently in the process of making this mistake. After months of brushing off recruiters because I "wasnt ready yet" a recruiter reached out with a job I'd actually like so I'm currently going through the fun of being anxious about the things I'm saying in these calls. TBH I still might not take it if they offer the bottom of the range, but it definitely makes it more stressful to be rusty and want the job. Don't make my mistake.

Hey they actually gave me a job offer (and I accepted it after some negotiation). So I guess it worked out in the end. It was still a mistake to really want this job while being rusty because it made everything really really stressful.

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply