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I hate it when stupid ideas go public and get a huge valuation. Snap at ~$24b just means more of my mother asking why I haven't made something like that yet and everyone else pitching me their dumb ideas at my birthday party.3
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Recruiter: Hello I’m recruiting for an exciting opportunity at a rapidly growing company with loads of potential
Dev: *Looks up company on google*
Dev: Their stock has been declining for the past 2 years. 3 months ago their valuation just dropped by 80%…. How are they growing?
Recruiter: Oh that happened to every company at the end of 2021.
Dev: …I guarantee you it did not.
Recruiter: …
Dev: …6 -
My annoying 19-yo nephew wants to drop out of CompSci to "create the next billion-dollar startup".
I told him I would give him 10 rupees (USD 0.10) for 0.000000001% percent of his "pass me the butter at the diner table" company.
He accepted. Thus, his "heritage protein logistics startup" had an series-A valuation of a billion American dollars!
Hopefully he will stay in college now.2 -
#Happy_Rant
Seeing BYJU's and WhiteHat Jr losing millions in valuation makes me happy, as it was something I had predicted (Im not flexing btw).
The whole business model is dumb, teaching CHILDREN coding and teaching them how to make `apps` via online learning.
Students study Comp Sci for literal years before they even begin coding something useful, and even then there are so many professional developers walking around who barely understand the code that they write.
It's just natural selection at this point.6 -
how the fuck are these companies making $1M MONTHLY for a FUCKING "BUSINESS" CHAT APP
I DONT EVEN KNOW WHAT THAT IS
god i need to halve my IQ and just become an idiot, seems to make much more money, and is way less stress18 -
Happy that Facebook “lost” 230 billion in valuation (got off that toxic platform years ago as well as Instagram). Should I stop using React Native as well?15
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Why you would sell your company to Microsoft too!
1. Your company is so succesful， the valuation is so high， only a handful of companies could buy it.
2. Running a company takes a shit load of energy， and most normal people hope to relax at one point in their life.
3. People at the head of major international companies are not normal humans. They like do over work and they have one goal. Be number 1.
So good successful people sell to evil and more succesful people.
And when i say evil， i really just mean that being number 1 is more important than ethics.
Edit: spelling.7 -
So IBM finally jettisoned the cancer that was Virginia Rometty a few weeks back. They had an opportunity to move fresh blood and solid managerial background into the top slot with Jim Whitehurst (Redhat) and try and recover their flagging market share and do some sane business strategy. They passed on that opportunity and instead appointed the old guard bootlicker who overpaid for Redhat to the tune of 20x what it was worth, and signalled their intent to continue staying the course of the Titanic and it's slow inevitable trek towards the bottom of the ocean. The board wants a yes man, and they got one.
This is basically what I assumed would happen, but I have some other predications as well:
- Whitehurst will leave to a better company
- the redhatters that haven't already left will be replaced with commodity labor
- Redhat will be the least stable Linux offering 2 years after the last hatter leaves
- they will sell off most of their existing software assets to HCL/ similar consulting partners like they did with domino and websphere to stem the bleed
- the displaced in that move will either quit or be replaced
- their cloud initiative will collapse under the weight of its own stagnation and glacial pace of development
- they will attempt to salve these wounds by moving focus to global services, reducing profit loss by cutting salary costs, further diluting their eroding ability to innovate
- they'll buy at least one other trendy software company at ridiculous valuation, and sell it off within 2 years at a massive loss
- the CEO slot will start to resemble the late Roman empire with a new CEO every other week
- Redhat assets will be sold to Google inside of 5 years
Last prediction: I will be overjoyed being able to witness the death of IBM in my lifetime. Fuck them 🍻7 -
CRED, an Indian start-up with valuation worth Billions doesn't even have a business model.
Hear me out, countless start-ups don't have a business model but everyone can think of something that will be introduced and the most basic one is good and services in exchange of cash.
CRED, on the other hand, is popular primarily because it does not have a business model and hipsters are encouraging it because it is innovative to run without a business model.
I mean, I can't even... Damn this is beyond dumb.
Also, they only hire people from Tier I (IIT and IIM).
I once applied and got a rejection in literally 5 minutes stating that since I am not from top college, they are not interested in my profile.
I don't even know what to make of this. This boggles my mind.
For anyone interested, they were invite only and created a hype of waiting list, but then hipsters started inviting each other in masses so I guess they made it public.
https://cred.club27 -
"Are you sure you want to commit a billion dollar valuation to finish an MVP?"
*Shows only mockups and has a deadline of less than a month*
No thanks. I don't think this company will ever survive -
My company has a board on Blind (semi-anonymous social network for corporate employees). We're a startup and have had two layoffs in the past two years, with very few pay increases.
I voiced my thoughts about the future of the company. We're pulling in a lot of revenue (millions a month) but still have a crazy amount of costs.
Someone responded that a bunch of our revenue ops people left for other companies. Another person replied the director that left had a good opportunity, thought we'd get another round of funding and that the company has had some purchase offers (with valuation being the big sticking point).
If it's true, it should feel like some job security. I can't help but also wonder if anon is lying so people purchase more of their stock options to generate more runway.1 -
Did you know 2021 saw 44 unicorns startups? For people who don't know what unicorns are, unicorns are startups having billion dollar valuation. This made me wonder about startups with no revenue, how are they valuated? So researched a bit on it and penned down my learnings in this article.
https://readosapien.com/how-to-valu...7 -
Estimating a 1 day change as 4 weeks when the scrummaster, product owner & BA haven't bothered to run the simplest dilligence check and can't be arsed to even give a quantitative valuation.1
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https://github.com/netlify/...
This repository has been archived by the owner on Oct 10, 2022. It is now read-only.
Well fuck, whats the alternative? Absolutely NOTHING in the README that points to any new tool or documentation.
I swear to fucking god I write better documentation for MY FUCKING HOBBY PROJECTS THAN YOU BILLION DOLLAR VALUATION FUCKING DUMB FUCK STUPID FUCK COMPANIES THAT WASTE MY FUCKING TIME EVERY DAY AND HOUR AND MINUTE AND SECOND I HATE YOU I HATE YOU I HATE YOU I HATE YOU
I swear I HATE all CA software employees, all that they stand for, and all that they do (apparently not much)
How the fuck can I list out all my users? Just fucking clowns.
God I'm fucking fuming. How irresponsible is it to archive a repository (thereby blocking new issues) and then NOT linking to any new tool or documentation!?!?!?!
I MEAN HELLLOOOOOOO AM I SPEAKING A DIFFERENT LANGUAGE HERE
just leave me to die5 -
update : we are at hr round baby!!!
part 1 : https://devrant.com/rants/5528056/...
part 2 (in comments) : https://devrant.com/rants/5550145/...
the tech market is crazy mann! it's one of the top indie fintech companies in our country and has a great valuation.
i totally felt that they i am crashing the interviews , and am seriously not trying to be humble. before the dsa round , i was trying to mug up how insertion sort works 🥲
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now my dilemma is should i switch if i get the offer. in a summary:
current company:
- small valuation but profitable (haven't picked funding for last 3 years , so poast valuation is some double digit million $, but can easily be a unicorn company)
- very major b2b player in my country. almost all unicorns (including this fintech company) and some major MNCs are their client and they have recently acquired a few other companies of us and eu too, making them- a decent global player
- meh work : i love being a cutting edge performer in android but here we make sdks that need to support even legacy banking apps. so tech stack is a lot of verbose java and daily routine includes making very minor changes to actual code and more towards adding tests , maintaining wrapper sdks in react/cordova/unity etc, checking client side code etc.
- awesome work life balance : since work is shit and i am fast enough, i am usually working only 2-4 hours a day. i joined gym, got into shape , and have already vsited 5 places in last 6 months, and i am a guy who didn't used to have time even on sundays. here, we get mote paid leaves than what i would usually need.
- learning opportunities: not exactly from the company codebase, but they provide unlimited access to various course learning platforms like linkedin learning, udemy and others, so i joined some web dev baches and i now know decent frontend too. plus those hybrid sdks also give a light context to new things
new company :
- positives : multi billion valuation, one of the top players in fintech , have been mostly profitable ( except a few quarters)
- positive : b2c so its (hopefully) going to put me back into racing shoes with kotlin, jetpack and latest libraries.
- more $$$ for your boy :)
- negetive : they seem to be on hiring spree and am afraid to junp ship after seeing the recent coinbase layoffs. fintech is scary these days
- negetive : if they are hiring people like me, then then they are probably hiring people worse than me 😂. although thats not my concern what my main concer is how they interviewed. they have hired a 3rd party company that takes interviews of people FOR THEM! i find that extremely impolite, like they don't even wanna spare their devs to hire people they are gonna work with. i find this a toxic, robotic culture and if these are the people in there then i would have a terrible time finding some buddy engineer or some helpful senior.
- negetive : most probably a bad wlb : i worked for an year for a fast paced b2c edtech startup. no matter how old these are , b2c are always shipping new stuff and are therefore hectic. i don't like the boredom here but i would miss the free time to workout :(
so ... any thoughts about it?4
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