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Re:How Big Tech got so big: hundreds of acquisitions by ryandrake on Tuesday May 04, 2021 @11:11AM (#27038446)
History repeats! 20 years ago, some business exit plans basically boiled down to "...and then we'll get bought by Microsoft!" Not too bad, at least for the founders.

Especially if your goal is to land a nice FAANG job anyway. It's gotten to the point where interviewing is so competitive, exhausting, opaque, and ultimately random, that it might actually be easier to do a bootstrapped start-up for a year and get bought by Facebook than it is to grind leetcode and interview-prep for a year and roll the dice on the interview circuit. I wish I were joking.

EDIT: Wow, no disrespect to founders, I did not intend to trivialize the work you do. Instead of "easier" I should have said something like "more controllable" or "less random".

Re:How Big Tech got so big: hundreds of acquisitions by Voloskaya on Tuesday May 04, 2021 @11:18AM (#27038512)
> that it might actually be easier to do a bootstrapped start-up for a year and get bought by Facebook than it is to grind leetcode and interview-prep for a year and roll the dice on the interview circuit. I wish I were joking.

If you are not joking you are delusinal, this is not even remotly true.

Re:How Big Tech got so big: hundreds of acquisitions by hooande on Tuesday May 04, 2021 @12:42PM (#27039568)
You may not agree with OP, but I don't think this view is delusional. Starting a company is a lot of day to day work in terms of hours, but it's more rewarding than doing interview prep. If you spend weeks or months studying for interviews and don't land a job, you get nothing. If you start a business you generally get paid or make profit the whole time, you build relationships and end up with something tangible to show for the experience.

Personally, I would much rather be running a moderately successful business than studying esoteric programming questions full time. At the least, the relative "easiness" of starting a business vs the normal FAANG interview process is personally subjective.

Re:How Big Tech got so big: hundreds of acquisitions by vlovich123 on Tuesday May 04, 2021 @01:47PM (#27040328)
> If you start a business you generally get paid or make profit the whole time

What tech startup is this? Profitability is a long road & for a good chunk of the time you're relying on funding to get you through to profitability. You might get paid but how much you withdraw impacts your runway.

Re:How Big Tech got so big: hundreds of acquisitions by Voloskaya on Tuesday May 04, 2021 @01:30PM (#27040105)
I agree with you that it's a way more interesting journey, but it is by no mean "easier". Especially since OP was talking about getting acquired at the end. Just keeping your business alive is hard enough, let alone being acquired by one of the FANGs.
Re:How Big Tech got so big: hundreds of acquisitions by veemjeem on Tuesday May 04, 2021 @01:53PM (#27040412)
It's not easy to get acquired by a FANG, but if you're okay with acqui-hire terms of most companies, you'll eventually get acquisition requests if the startup gets a little bit of press or has some traction. I've personally gone through this process several times already, turned down a few acqui-hire requests, and eventually accepted one. One of my startups only lived for 4 months before it was acqui-hired, which was still more enjoyable than doing 4 months of interview prep.

In hindsight, if I accepted my first acqui-hire request, I would've eventually got hired into Google because the startup that wanted to hire us was eventually folded into google, but honestly it's hard to tell from a distance which companies are going to be acquired by a FAANG.

Re:How Big Tech got so big: hundreds of acquisitions by rhizome on Tuesday May 04, 2021 @03:24PM (#27041783)
I was part of an aquihire and got screwed every which way. As the acquired's only person in my position and required (almost! I'm not delusional) in order to transition the company, I should have driven a harder bargain when deciding to go along with it. In the future I would not go along without a significant retention bonus, like, say, a percentage of the purchase price that reflected my contribution.
Re:How Big Tech got so big: hundreds of acquisitions by capableweb on Tuesday May 04, 2021 @11:49AM (#27038898)
I guess it depends on your previous experience. If you're familiar with actually building a software company, know good people to employ and know a problem that needs solving, it probably is easier to go that route than having to learn the whole interviewing-scam thing that is happening today, in order to just be employed.

Helps that building a company gives you real experience as well while prepping for interview just gives you that, preparation for the interview, while the real job is different than the interview.

Re:How Big Tech got so big: hundreds of acquisitions by tjs8rj on Tuesday May 04, 2021 @12:07PM (#27039126)
If leetcoding and going from 0 to acquired by Facebook in a year were just as hard, we’d all be rich.

Even if it was only an order of magnitude difference, the expected value of starting that startup would be so much higher.

They aren’t even in the same ballpark

Re:How Big Tech got so big: hundreds of acquisitions by Retric on Tuesday May 04, 2021 @02:23PM (#27040874)
I think it really depends on your background. For people with a questionable job history, poor credentials, modest intelligence, a speech impediment, and a criminal background self funding to Raman increases in difficulty less than working directly for Facebook. However, ridding the VC train has a lot of the same dependencies as working for Facebook, but is vastly more difficult.

The same is true of networking and friends and family financing. I might look at scraping together a ~200k seed round as trivial, but that’s not true for everyone. On the other hand if 5 of your collage friends are working a FANG companies that’s also a huge leg up.

Re:How Big Tech got so big: hundreds of acquisitions by tjs8rj on Tuesday May 04, 2021 @03:41PM (#27041976)
We’re not talking about bootstrapping for a year, op said selling to Facebook in a year. To pull that off means awesome traction or clubhouse level hype or deep serial founder connections, or corruption at high levels.

All of these are much more difficult to pull off, often requiring years, than simply hitting the books for a few months

Re:How Big Tech got so big: hundreds of acquisitions by joshuamorton on Tuesday May 04, 2021 @12:07PM (#27039119)
The companies that FAANG acquire are usually mid sized, 50+ employees. Getting to that size, in a particular industry that will be of acquisition interested is not going to be easier than getting hired.

Might get you hired at a higher level though, but yeah delusional to think it would be easier.

Re:How Big Tech got so big: hundreds of acquisitions by heymijo on Tuesday May 04, 2021 @12:18PM (#27039271)
OP is exaggerating, but Yahoo under Marissa Mayer wasn't far off. Nicholas Carson's 2015 book about their M&A during this era has lots of details.
Re:How Big Tech got so big: hundreds of acquisitions by jbn on Tuesday May 04, 2021 @03:58PM (#27042166)
what's the actual title of this book? I couldn't find it (my google-fu probably isn't very good, but "Nicholas Carson" is not a very unique patronym...)
Re:How Big Tech got so big: hundreds of acquisitions by heymijo on Wednesday May 05, 2021 @07:12AM (#27048476)
Marissa Mayer and the Fight to Save Yahoo!

https://www.goodreads.com/book/show/22608584-marissa-mayer-a...

Re:How Big Tech got so big: hundreds of acquisitions by 908B64B197 on Tuesday May 04, 2021 @03:26PM (#27041808)
> grind leetcode and interview-prep for a year and roll the dice on the interview circuit.

Or go to a serious CS/Engineering school and just take the Algorithm class.

Re:How Big Tech got so big: hundreds of acquisitions by SilurianWenlock on Tuesday May 04, 2021 @04:44PM (#27042656)
What are peoples opinions on whether just taking the algorithms class helps a lot? People can do it online almost as easily
Re:How Big Tech got so big: hundreds of acquisitions by dcchambers on Tuesday May 04, 2021 @11:35PM (#27045885)
Most people aren't good at self-directed study of hard things. Taking a class on algorithms at a good school is one of the best ways to learn the challenging material, period. The ability to ask a real human questions when something just doesn't "click" in your brain is invaluable.

You're going to learn novel things in an Algorithms class that you can't learn online - but the way it's taught is easier for most people to digest the material. Motivated/driven/talented individuals can absolutely learn the material themselves.

Re:How Big Tech got so big: hundreds of acquisitions by joshsyn on Tuesday May 04, 2021 @07:27PM (#27044129)
This is true, since this forum is startup oriented you'll get hate against big companies and pro for startup. Biased but, have to see the conflict of interest
Re:How Big Tech got so big: hundreds of acquisitions by kurbin on Tuesday May 04, 2021 @11:15AM (#27038482)
This is not anywhere close to true. Have you built a bootstrapped startup from scratch and negotiated an acquisition? It's far, far harder than practicing a few leetcode Facebook problems and getting a referral.
Re:How Big Tech got so big: hundreds of acquisitions by fatnoah on Tuesday May 04, 2021 @12:18PM (#27039266)
Agree 100%. I've bootstrapped, I've been acquired, and I've gone through the FB/G/etc. interview processes. Going through those interviews took a few weeks of light prep, whereas bootstrapping to acquisition was a multi-year slog. Just the due diligence portion of the acquisition too many, many, many times the effort of job interviewing.
Re:How Big Tech got so big: hundreds of acquisitions by oblio on Tuesday May 04, 2021 @11:37AM (#27038737)
You don't even need the referral. Unless your CV only has farming experience or something :-)
Re:How Big Tech got so big: hundreds of acquisitions by scarface74 on Tuesday May 04, 2021 @12:46PM (#27039619)
I concur. My sparse LinkedIn profile shows decades of doing CRUD work for no name companies and I have had recruiters from most of the major tech companies reach out to me. No I couldn’t pass any DS&A tech screen without a lot of preparation.

Even now that I work at one of the Big 5 tech companies, I clearly state that my role is not officially development, I still have recruiters reach out to me from FB for development positions.

Re:How Big Tech got so big: hundreds of acquisitions by thayne on Tuesday May 04, 2021 @01:37PM (#27040197)
There is a big difference between getting recruited and actually getting a job offer.
Re:How Big Tech got so big: hundreds of acquisitions by scarface74 on Tuesday May 04, 2021 @10:53PM (#27045641)
The discussion was about the need for referrals. But isn’t that what I just said?

No I couldn’t pass any DS&A tech screen without a lot of preparation.

Re:How Big Tech got so big: hundreds of acquisitions by oblio on Tuesday May 04, 2021 @02:33PM (#27041050)
Yeah, but the discussion was about referrals. Referrals are for getting your foot in the door. You don't generally need them for FAANG. You just need a half decent CV.

The hard part is passing the interviews, but referrals don't help with that, from what I know.

Re:How Big Tech got so big: hundreds of acquisitions by tolbish on Tuesday May 04, 2021 @03:09PM (#27041584)
An actual referral for an "industry rockstar" would catapult them past the first few rounds of interviewing.
Re:How Big Tech got so big: hundreds of acquisitions by oblio on Tuesday May 04, 2021 @04:25PM (#27042464)
And referrals for top management do the same. Why are we talking about something applicable to maybe 0.00001% of candidates out there?
Re:How Big Tech got so big: hundreds of acquisitions by tolbish on Tuesday May 04, 2021 @05:50PM (#27043322)
Because far up the comment tree, referrals were confused with "some recruiter said I should interview for a job".
Re:How Big Tech got so big: hundreds of acquisitions by scarface74 on Tuesday May 04, 2021 @10:55PM (#27045657)
There was no “confusion”. The only purpose of a referral is to get the interview. If an internal recruiter reached out to you, a referral isn’t necessary.

Either way you still have to go through the same loop.

Yes, I “work for a FAANG” like many others do here.

Re:How Big Tech got so big: hundreds of acquisitions by N1H1L on Tuesday May 04, 2021 @12:51PM (#27039671)
Yep. Bootstrapping a startup is hard.

FAANG interviews are not even close.

Re:How Big Tech got so big: hundreds of acquisitions by whymauri on Tuesday May 04, 2021 @03:19PM (#27041720)
Even just the diligence behind a potential acquisition (stated 'win' condition) is orders of magnitude more stressful than reviewing DFS, lol.
Re:How Big Tech got so big: hundreds of acquisitions by wskinner on Tuesday May 04, 2021 @12:19PM (#27039277)
If the acquisition is mainly about talent, and in many cases, even if it's not, FAANG will expect you to interview like everyone else.

Source: founder of a company which was acquired by a non-FAANG company, but talked to a few FAANGs as part of the process.

Re:How Big Tech got so big: hundreds of acquisitions by at-fates-hands on Tuesday May 04, 2021 @03:00PM (#27041469)
> Especially if your goal is to land a nice FAANG job anyway.

I wouldn't just say getting acquired by a FAANG company. I work for one of the biggest health care companies in the world. Last year they acquired over 200 companies with the goal of exceeding that this year.

They literally are buying companies whose technology they would rather buy then build themselves. If you knew what my company was looking for (machine learning, AI and automation) you literally could start a company with less than ten people, focus your work on one of the three areas and have a better than decent shot of being acquired by the company I work for in a span of less than 5 years.

What would take longer? Building that company with a singular focus on a singular product my company needs or achieving a senior level knowledge of Javascript for a full stack developer role? I would say at that point its a toss up.

Re:How Big Tech got so big: hundreds of acquisitions by anonymousab on Tuesday May 04, 2021 @12:15PM (#27039227)
> It's gotten to the point where interviewing is so competitive, exhausting, opaque, and ultimately random, that it might actually be easier to do a bootstrapped start-up for a year and get bought by Facebook than it is to grind leetcode and interview-prep for a year and roll the dice on the interview circuit.

Not sure about founders but sometimes you have to interview with the Big Tech Co. as well to keep the job after acquisition.

Re:How Big Tech got so big: hundreds of acquisitions by mattgreenrocks on Tuesday May 04, 2021 @12:13PM (#27039198)
AFAIK, you're still subject to some sort of vetting process when getting acqui-hired, so you'd still be studying for that anyway.

So it is probably more work than simply studying and rolling the dice over and over.

Re:How Big Tech got so big: hundreds of acquisitions by manigandham on Tuesday May 04, 2021 @01:55PM (#27040439)
I get what you're saying but none of those words work.

There are some people who are very well networked and can repeatedly start and sell companies by leveraging those connections as a business model in itself, but this is extremely rare.

Building a business to even be attractive enough for an acquisition is magnitudes harder than any round of interviews will ever be, but I do agree that those interview processes are a joke now compared to the talent they're designed to find.

Re:How Big Tech got so big: hundreds of acquisitions by jcadam on Tuesday May 04, 2021 @01:57PM (#27040460)
Eh, both have proven impenetrably difficult for me. I just kind of float through life and stumble into jobs these days.