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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't know why people are obsessed with these companies...FAANG now is like IBM in the 1980s...they are now large companies where an entry level employee is a cog in a vast machinery and your job is fairly boring and inconsequential.  I think folks think of them as the dynamic companies of the late 90s/early 2000s where you joined, had lots of responsibility, your stock grant was meaningful and could become something valuable.  Those days are long gone.

As they say...there is always a bull market somewhere.  AI companies of all stripes are hiring significantly which is why Cerebral Valley (centered around Open AI's HQ in SFO) is attracting tons of VC.  Green energy is growing...heck, even semiconductor engineering is a growing US job market these days.[/quote]

There's a difference between attracting VC though and hiring tons of programmers at big salaries. Open AI actually only has 375 full time employees and that includes functions like HR, etc. The model of companies like open AI is actually very few engineers on payroll, and then tons of low-paid contract engineers that are offshored in countries with lower salaries.[/quote]

Off-shoring has always been around...unfortunately, all the folks happy to work remote don't realize that their bosses realize "well if they are remote anyway...let's fire them and use someone in SA or India for much less"

The successful tech companies in general (FB as an example) are way more efficient on a revenue/employee basis than nearly all companies.  That said, someone my kid worked with just got funded through Y Combinator, moved out to Cerebral Valley and is hiring engineers...you have to start somewhere.  Already, decent inbound VC interest on their next round (no doubt helped by Y Combinator).[/quote]

But you’re missing the elephant in the room. With interest rates spiking so much and so fast, there is just far less VC cash to go around. So the story you’re telling is less replicable than it’s been since basically the dot com crash. [/quote]

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