Re:Three programmers got fired, including me, due to a singl...
by dheera on Sunday July 11, 2021 @04:48PM
(#27804431)
> A company which only hires junior developers
Part of it is also stingy investors in the ecosystem.
The top-tier investors often give enough cash to hire experienced developers. Unfortunately most companies don't get that kind of money, and instead of getting the $2M round they need, they settle for a third- or fourth-tier VC's $200K check with bad terms and a warrant for the rest of the $1.8M, and then they end up paying their employees crap wages and overworking them with the hope that they can attract a top-tier VC for the next round.
Part of it is also stingy investors in the ecosystem.
The top-tier investors often give enough cash to hire experienced developers. Unfortunately most companies don't get that kind of money, and instead of getting the $2M round they need, they settle for a third- or fourth-tier VC's $200K check with bad terms and a warrant for the rest of the $1.8M, and then they end up paying their employees crap wages and overworking them with the hope that they can attract a top-tier VC for the next round.