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Search - "cofounder"
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I'm really down.
I spent 10 years building on an application worth 800K$ revenue per year.
I tried to build a technical team. All left, because of fights with stupid account managers, CEO, business managers.
I was left alone for almost one year alone, working like 60-70 hours per week to keep the things going and adapt to more customers.
And looking for potential partners to outsource things.
Now out of the blue, 3 weeks before my summer holiday, investors introduce me to a "partner" that will rent to us a "developer" for 2 months. from tomorrow.
What the fuck I'm gonna do with him in 2 weeks I don't know.
Actually I understand that this "partner" will take over the whole project.
They used the word "to help me", but actually during the meeting they said to fix things that are not working, and to develop new features because the project is blocked.
Of course there are bugs, I have no developers with me and hundred of features and integrations to maintain. And of course everything is blocked because I have to think hard about priorities.
I feel humiliated in the worst way.
I don't know what will be my future position.
I wasted time contacting potential partners and the answer was always "there are no money".
The business strategist, entered one year ago and said "no more IT investment".
Basically as cofounder and cto (of myself), they will not fire me, if I stay silent. If I accept to be a puppet. And eat, eat eat a lot of shit. I'll grow fat from the shit I'll eat.
I feel I've lost all my hard work, and I'm alone.40 -
I played skyrim, and i thought yes.. i want to make that...
and now i am a very successful CTO and cofounder of a video game startup thats blooming and already made 7 figure profits
no, no im not, i ended up making websites for very little money...7 -
Got this in my mail, so I placed a bid to deliver for $10 in 24 hours. Wish I could insert a smaller amount.2
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This brings joy
https://reddit.com/r/technology/...
Bypass paywall:
A series of scandals and missteps has damaged Facebook's reputation so much that the company is being forced to pay ever larger compensation to hire and retain workers, according to industry recruiters, former employees, and data reviewed by Insider.
The company has always competed aggressively for talent, and the tech job market in general is on fire. But a deteriorating public image means the social-media giant now has to outbid other major tech companies, such as Google.
"One thing Facebook can still do is pay a lot more," said Jose Guardado, an experienced tech recruiter and the founder of Build Talent. "They can easily throw more compensation at people they currently have, and cover any brand tax and pay a little more to get people to come on."
Silicon Valley companies thrive or whither based on their ability to recruit the smartest employees. Without a steady influx of engineers and other technical experts, new products and important updates take longer to release, and rivals can quickly get ahead. Then there's the financial cost: In 2022, Facebook projected, expenses could jump as high as $97 billion from $70 billion this year, in large part because of "investments in technical and product talent." A company spokesperson did not respond to a request for comment.
Other companies, and even whole industries, have had to increase compensation to overcome hiring and retention problems caused by scandal and shifting public perceptions, said Alan Johnson, a managing director at the compensation consulting firm Johnson Associates. "If you're an oil company, if you make cigarettes, if you're in cattle or Wells Fargo, sure," he said.
How well this is working for Facebook is debatable as the company has more than 4,300 open jobs and has seen decreasing rates of acceptance on job offers, according to internal documents reported by Protocol. It's also seen dozens of high-level executives leave this year, and recruiters say employees are now more open to considering jobs elsewhere. Facebook used to be a place that people rarely left, given its reach, pay, and perks.
A former Oculus engineer who left last year said Facebook could now be seen as a "black mark" on someone's career. A hardware engineer who exited in 2020 shared similar sentiments: They said they quit because of concerns about misinformation on the platform and the effect of that on children. Another employee said their department was dissolved in late 2019 by Facebook and, although the company offered another position that paid more, they left last year anyway for a different industry. The workers, and many other people who spoke with Insider for this story, asked not to be identified because of the sensitive nature of the topic.
For those who stick around and people who take new jobs at Facebook, base pay and stock grants have gone up a "sizable" amount in the past year, said Zuhayeer Musa, cofounder of Levels.fyi, a platform that collects pay data based on verified offers and compensation disclosures.
During the second quarter of 2021, the median compensation for an upper-mid-level engineer, an E5, was $400,000, up from $380,000 a year earlier. For an E4, the median pay jumped to $276,000 from $256,000 in the same period. For both groups, the increases were double the gains between 2018 and 2019, Levels.fyi data showed.
Musa, who's firm also offers pay-negotiation coaching, said previously that the total compensation ceiling for an E5 engineer at Facebook was $450,000. "We recently had a client get up to $510,000 for E5," he added.
Equity awards at the company are getting more generous, too. At the group-director and VP levels, Facebook staff are getting $3 million to $6 million in restricted stock units each year, another tech recruiter said. Directors and managers are getting on average $1 million a year. In engineering, a high-level engineer is getting $600,000 in stock and a $75,000 bonus, while even an entry-level engineer is getting $50,000 to $100,000 in stock and a $20,000 to $50,000 bonus, Levels.fyi data indicated.
Even compared to Google, Facebook's stock awards are generous and increasing, Levels.fyi data shows. While base pay is about the same, Facebook offers more in stock grants, significantly increasing total compensation. At Google, entry-level equity awards range from $20,000 to $38,000, while Facebook grants are worth $40,000 to $60,000. Sign-on bonuses at Facebook are often about $50,000, while Google gives about $20,000, according to the data.
"It's not normal, but it's consistent with the craziness that's happening in the market right now," said Aalap Shah, a managing director focused on the tech industry at the consulting firm Pearl Meyer.10 -
"CTO" here.
Two week ago the CEO informs me that the "investor" want to put me in contact urgently with an external software house to help me with my "bottlenecks".
The investor goes immediately on holiday, so it's not available for explanations. The CEO doesn't know much.
Today I meet the software house CTO and CEO.
They tell me that I should do a transfer of knowledge with them. That they will respect my requirements, my schedule and that they want to help me.
During the meeting the business consultant explains "his" vision. Some new development nobody understand. Not even the CEO. The other cofounder is probably in disagreement but stay silent.
I agree to cooperate with them in due time and with due scope and planning.
It appears they already signed a contract with the investor. The investor is offering to us 40 days of a senior developer, for "free".
The CEO doesn't even know the economical details of the contract and he is surprised that has been signed.He also didn't know that a person will come over for 40 (?) days and that we will have to pay the transfer expenses.
I try to be friendly. I explain to them the issues I need to solve. I say specifically that I need help on certain tasks and that my wish is that nothing "new" will start until we fix some obvious problems.
After leaving, in the evening I receive an email from the software house guy, telling me that next week I MUST allocate a slot for technical transfer and the 2 weeks after for on site training. Like that. He also mention we "agreed" on that which is false. We agreed on me deciding the timing.
We are only 2 developers, at the moment and the other one will be on holiday next week, so I'm trying to get from him a lot of things I don't know because I don't know everything.
I'm not even sure I'll be able to explain how to prepare all the environment.
Worst thing is that I don't know what will be the scope of the project.
I really don't know how to behave.
I wrote back setting my conditions. I have holiday too. I have to prepare "documentation", explanation, etc.
I don't want the "senior dev" coming when I'm not present.
Maybe I was too weak answering and I should have started a fight immediately. Because he actually AGREED to let me decide and after that he set conditions on me immediately.
I don't know.
My stomach is burning, I had a very bad digestion with fever and headache, feel like puking, plus I spent several evening hours fixing the fucking Linux kernel bug.
I want to survive. I don't want to let them oust me in this stupid way. I want to fight.
I know that if I will explode, scream or whatever I will be at fault and I'll accelerate my demise.
When I try to be "diplomatic" actually I end up being weak.
When I try to be assertive I'm in fact rude and hysterical.
I can't think anything else.
This is what burnout looks like.20 -
20.000 holdings generated. Each unique in their own cute little way. Just finished the marketplace so users can trade the resources they produced, pagination is not working yet. Still no cofounder or anyone who would join the project. Still nothing to offer. :) But I'm keep going. There's a long way but I will not give up mr world! F* you.9
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Where do I start...
I have seen a QA load local code to a machine, run it and then say it was ready to deploy. Little did we know she wasn’t following the deployment process at all and didn’t even realize she had to. We were a week trying to figure out why the deploys wouldn’t work until she spoke up.
I knew a dev/founder that said to me “source control is only for large projects”, I tried to convince him and his cofounder to use github or bitbucket. Nope, they weren’t into it (fresh out of school listening to professors who hadn’t worked a development day in 20 years) One cofounder got disgruntled, thought he was doing most of the work and decided to quit, he also decided to wipe the code off his co-founders machine. I literally saw a grown man come out of a meeting crying knowing he would never gain back the respect of those mentors and advisors.
I once saw a developer create a printed ticket receipt for a web app. Instead of making a page and styling it to fit a smaller width, he decided to do everything in string literals. More precisely, he made one big long fucking strong literal and then broke it up using custom regex to add styling to different sections. We had a meeting and he was totally convinced this was the only way. In the end we scrapped the entire code and the dude didn’t last very long after that.
Worst of all! I once saw a developer find a IBM Model M keyboard and said “I’m gonna throw out this junky keyboard”. I told him to shut his stupid fucking mouth and give the the keyboard.
He did -
After working on an app for 2 months, my non technical cofounder says "and we're going to support RTL soon" in her pitch.
*facepalm* -
I was going to incorporate today with my co-founder. And I just told him that after thinking it through, I want to found solo. Fuck. On one hand, I feel like it was a good decision (he was a UI designer, wanted 20% equity) for the startup, on the other, I feel like a douchebag. Well, let the adventure begin...
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Any native iOS devs want to help me finish my app? It's a medical app and I estimate that I'm at least 70% done with it. But I guess since I'm supposed to be posting a rant WHY CAN'T I FIND ANYONE TO HELP ME?!4
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Apparently i cleared the three rounds of the interview, and was asked to attend the fourth round (telephonic) with the cofounder. After some intro, he asked me two math problems, which i was unable to answer. Interview ended there. This feels weird because in the last three years, i have never been asked a math problem in an interview. And that too in the final round? I have a feeling they already hired someone else and was looking for a way to reject me? Feels shitty anyway. Thoughts?3
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I'm responsible of the smooth operations of the platform, i.e. I'm responsible if something doesn't work. As I'm the technical leader, cofounder and original developer.
However I have no control on installations scheduling, on feedback from customers, on new features planning, on installations tasks performed by the team. No resources whatsoever.
And everybody NEEDS me to perform even small tasks. I would delegate and automate if only I had the time to explain and develop scripts.
But I have zero time. So basically everybody is counting on me working 15 hours per day to get things done.
And one person is also claiming to be "in charge of operations".
He is actually only in charge of me.
I cannot exit from this vicious circle.
I'm like the house doormat.3