- LinkedIn lays off 563 engineering roles
- Stack Overflow is laying off another 28%
- Meta to lay off employees in metaverse silicon unit on Wednesday
- Epic lay off 830 people thanks to “unrealistic” metaverse ambitions
Apparently they don't have such deep pockets...
1. LinkedIn -> public through MSFT
2. Stack Overflow -> public through PROSY
3. Meta -> public
4. Epic -> public through TCEHY
If you want to solve this problem, start a blindingly successful company with wild ARR and then spend it how you want it to. But if you take it public, you best believe that you now have masters that look like you and me. Notice how employee ratings of CEOs correlates strongly to stock performance? That's what shareholders do too. No one knows what's right. They only know the outcome they like, not how to get there.
Personally, I think this is fantastic. They're doing a good job moving the frontier of some of this marketing stuff. That means a pretty good internal org structure that allows the eng guys to contribute to the branding stuff.
So you mean actually innovating in the space that your products occupy and become market leader there? Maybe in a niche that no one occupied before?
IDE's before JetBrains were complete ass-backwards, no wonder they're so successful.
> That's what shareholders do too. No one knows what's right. They only know the outcome they like, not how to get there.
Maybe don't start out trying to build a product that requires an instant 10 million dollars in cash injection? Before the recession there were YC backed startups on here that offered products that hat no market fit outside the silicon valley bubble.
No one really knows outcome till they give it a shot. People used to make fun of the idea of a software guy building spaceships and cars and he’s doing it better than the incumbents. No one knows what will work till it’s done.
> People used to make fun of the idea of a software guy building spaceships and cars and he’s doing it better than the incumbents.
Reducing the success of SpaceX to Elon Musks persona alone is, realistically speaking, delusional at best. But everyone is entitled to their own opinion.
As for Elon Musk. Many had access to the labour pool that he did. Many tried to do what his companies did. His companies succeeded. Once could be chance, twice is skill. But to each their own.
What is Jetbrains estimated ARR?
And before "but who spend money on this? it's just simple motion graphics my nephew can make in After Effect..." yeah we know you can make Dropbox with rsync in an afternoon.