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Beware the Tech Bro Pipeline
(lemmy.world)
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this post was submitted on 09 May 2025
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7 figures??? That's not selling out, that's just trying to get anything for a sinking ship if you sell for a million. Thats barely covering salary+expenses for 2-5 engineers depending on level and location.
Yes, you're talking about a personal "payout" thats probably only 2-3 years of a salary? That's not much of a "payout" that's just a nicer severance package. If you built a company that wasn't about to go under, it's not worth handing it to some asshole for practically nothing
Software engineers at FAANG companies easily make that amount. And that's the caliber of engineer that is typically making this type of exit.
You're commenting as if your circumstances are the same as a tech bro founder's, which seems to be incorrect.
annuities my dude
1M is 2-3 yr salary??? Hook a brother up with these $300-500k/yr job leads d00d
Nah, precisely because we would cash out and settle for peaceful lives long before we'd become billionaires or even millionaires. It takes a certain type of person to begin earning millions and conclude "that's not nearly enough, I need this times a thousand". None of them are "good" people.
You don't usually just "begin earning millions", some businesses snowball to billion-dollar size quite quickly. Instagram had only a few dozen employees before being sold to Facebook for billions.
It happens, especially in tech, but I'd say it's still the exception to the norm.
How many here are working for these tech bros or putting money on their companies?
The company I work for isn't amazing and our most recent CEO is human garbage. I've got medical stuff I had to pay for and need the funds to get out of country. Doing my best to be a net drain though by working as slowly and poorly as I can without being fired and I don't buy into tech stock (or most any stock for that matter). Idk if what I'm doing is as ethical as it could be but I'm doing my best to not support unhinged tech bros despite being in tech
I’m taking the money and giving a fat chunk of it to programs and things that my government refuses to do anything about. I don’t give a fuck about shallow things like “selling out.”