Re:America is in the midst of an extraordinary startup boom
by refactor_master on Sunday May 12, 2024 @10:05AM
(#40334599)
I work in one of those. Straight from the beginning it’s been pretty standard 9-5 and decent salary. Slow and steady growth for half a decade and now it’s turning a profit.
But here are the things that are different:
* Nobody is earning millions here. The salary is roughly at market rate, if not slightly below.
* The funding is a parent-corporation sort of relationship that plays the long game and doesn’t expect to sell after 5 years. But it also means people are paid entirely in real money.
* We only hire as many as we need and not entire divisions to simultaneously re-invent deep learning, target the whole world, and bleed billions of investor dollars in the process.
Finally, this startup (well, scale-up I suppose) is European, and not US-based, and I think the whole unicorn-based way of running things is slightly foreign around here.
So is it a “startup” or just a business growing its customer base with a successful product?
But here are the things that are different:
* Nobody is earning millions here. The salary is roughly at market rate, if not slightly below.
* The funding is a parent-corporation sort of relationship that plays the long game and doesn’t expect to sell after 5 years. But it also means people are paid entirely in real money.
* We only hire as many as we need and not entire divisions to simultaneously re-invent deep learning, target the whole world, and bleed billions of investor dollars in the process.
Finally, this startup (well, scale-up I suppose) is European, and not US-based, and I think the whole unicorn-based way of running things is slightly foreign around here.
So is it a “startup” or just a business growing its customer base with a successful product?