1,757 karma · joined March 4, 2007
It reads like it was written by a small team of lawyers who have had little sleep - not a good sign. :/
It's just that as the tech market becomes softer, people stop deciding "my stock will go up" is a good reason to put up with terrible management. The hard part for people in startups is having the courage to walk away when things are still growing without a care.
No longer can managers keep selling a dream that was last pitched years ago at their last funding round; they'll have to compensate for underwater options with rising salaries or grants to keep talent around. Certain startups have a habit of delaying sharing bad news with their employees to the very brink of collapse; this behavior will now be in check somewhat.
So next time they try that, feel free to hold your ground by using Lyft instead or something. You don't have to cancel - they must, by their own rules, either cancel themselves, or pick you up.
The lead seems buried here. This isn't someone quitting, this is someone in a position of incredible privilege, essentially retiring (or at least going on "funemployment" for a little while).
There are far darker ways to make far less money, that are far more worthy of dramatic storm cloud drawings. Maybe once they see past their burnout they'll realize how incredibly privileged they were to even accomplish what they were able to (working remotely no less!) in the first place. Burnout really is a sad and scary thing.
Assuming if you're truly ready to walk if they don't share, this could even carry over to your negotiation. At this point, it's just business - if this company is willing to give you $XXk more than a competing offer with more candid numbers, then the cash could be worth it to hedge that risk. Depending, of course, on how much you value the upside.
That's one of the perks of a big company over a startup for a young graduate - the company can afford the investment in their own potential talent, and can afford to take a loss on the few people who they were wrong about being worth the training.
The simple reason why is because while a startup is the best place to learn how to start a startup, it isn't always the best place to learn how to be an engineer.
At least, not the sort of robust engineering (hopefully) done at established companies, where you have to understand existing best practices like code style, continuous deployment and testing, and non-technical conventions like proper code reviews and pager schedules. That sort of rigor isn't found in all startups, but some amount of it is a necessity when your primary job is shipping code, lots of it, and not just searching for product market fit.
I think it is far more likely that you'll get a strong offer for a large corp coming out of another large corp - where you'll speak the language and have found at least someone talented to mentor you - than as a typical acqui-hire or founder of an also-ran startup. In fact, many acqui-hire employees themselves have to go through interviews at the acquiring company, finding themselves on the bottom of the pecking order at their new companies - if they even have jobs at all.
That's not to say you shouldn't do a startup...just, don't do it expecting your Plan B to be a cushy job at Facebook. :)
I get the general usefulness of advising undergraduates that MBAs are, in general, a bad idea for them. They're certainly about as poor of a financial investment these days as a degree in English. But the hopeless idealist in me asks if it isn't possible to get an MBA to actually try to theorize about customer behavior, economic structure, supply chains, what have you and build part of ones academic foundation around it? Or is it truly impossible to walk into today's MBA programs wanting to study business as theoretical and societal constructs, without walking out a professional networker and middle manager?
All I know is, I never seem to get tired of reading HBS case studies. I'm always curious to learn how other people approached things and how the world worked then, in addition to how it works now. If anyone has a good community for embracing that sort of knowledge, I'm all ears.
If so, they should say what company they are, because being associated with a clever puzzle like this is great for recruiting (even if it's not being used anymore). Unless they have their own reasons for remaining quiet (government? :)).
If not, they should probably take it down, as having the solutions posted would ruin the evaluative value of what must have taken a very long time to make.
Cell phone theft is a HUGE problem. Huge.
People don't like carrying things of large, uncontrolled value on their person when they don't have to. The status quo is the equivalent of forcing people to carry a small brick of gold on them everywhere they go, just so they can hail an Uber or play Candy Crush.
People will literally feel safer for this every day - I know I do already.
Even the concept of "Boston" is much smaller than the concept of "San Francisco". If you walk across Boston from any of its edges for an hour, you'll wind up in another town entirely (Allston? Cambridge? Maybe even Somerville). If you walk from an edge of San Francisco for an hour, you'll be smack in the middle of San Francisco, with a lot more walking to go.
As a result of being bootstrapped, the 2011 sale single-handedly put its founder, Bob Parsons, on the Forbes billionaires list: http://www.forbes.com/profile/bob-parsons/
Try not paying your Comcast or Verizon bill on time for a month or two and see what happens. The envelope only starts coming in red after quite a few fees are tacked on.
[EDIT: Don't actually try that :) ]