typically 6 months / 180 days.
18,245 karma · joined June 30, 2011
me at hkmurakami dot com EmailFast forward to now, and there's about 250 incoming CS undergrads without much student body expansion.
https://en.wikipedia.org/wiki/Hyundai_Group
In my personal experience being a native speaker of both languages and having read some of his books in both languages, the translators take great care to preserve the reader's experience. I have great respect for their work.
"Triplebyte, to my mind, did an admirable job of trying to solve the credentialing problem. But their approach was not without shortcomings: 1) not everyone wanted to take their lengthy quiz, even though the quiz was well done, and 2) scaling up an army of interviewers, all of whom had to be trained in exactly the same way, was non-trivial and not cheap. These challenges were surmountable, but the challenge that wasn’t arose from the second issue that all companies had to face: lack of candidate autonomy, which was driven in part by a lack of faith in the credential.
Once you passed Triplebyte’s assessment process, just like at Hired, you had to interact with a talent advocate (Triplebyte labeled them “talent managers,” but again they’re just recruiters). The talent manager would examine your background and short-list you for some companies of their choosing, where you’d then go onsite. You could have some input into which companies you spoke to, but it was limited, and if you didn’t meet the company’s (often somewhat arbitrary) criteria, no matter how well you did on the assessment, its doors were closed to you.
As with Hired, having an army of recruiters AND interviewers working for you makes achieving SaaS margins impossible, and then, you’ve essentially become a tech-enabled recruiting firm (albeit this time one with much better performance data!).
Just like Hired, Triplebyte eventually moved away from the auction marketplace model, fired most of their talent managers and interviewers, and fulfilled their destiny, becoming a glorified LinkedIn Recruiter clone. Recruiters could search for candidates, just like on LinkedIn Recruiter, based on their pedigree, languages known, and so forth. One thing Triplebyte still does differently, however, is to leverage their aforementioned coding quiz to annotate candidate profiles. (Presumably, they are using their historical interview data, from when candidates had to do BOTH, to predict how people will perform in interviews.) The limitation, of course, is that great people will be unlikely to take the quiz in the first place, especially now that it no longer fast-tracks them to an onsite."
https://blog.alinelerner.com/ive-been-an-engineer-and-a-recr...
https://www.bloomberg.com/opinion/articles/2021-06-16/don-t-...
https://www.nytimes.com/2013/09/10/education/harvard-busines...
"Executive-severance experts said the package stands out not only for its enormous size, but also given Mr. Neumann’s record. The valuation of WeWork, which he co-founded in 2010, fell to around $8 billion when he left from $47 billion in early 2019. In all, WeWork has raised more than $11 billion to build a company worth $7.9 billion, not including debt."
On a more serious note, thinly veiled threats by patriarchs to their children working in the family business regarding their eventual share in the business is something that probably happens routinely around the world, especially in areas like Europe, East Asia, South Asia, and South East Asia, with many multi-generational privately held family businesses.
I mean sometimes I think "who the hell needs a GLB AMG??" but it's one of the few SUVs of that size that seats 7 passengers and serves a need for families in certain EU and Asia markets.
Any given Mercedes SUV may be niche luxury but they cover many many niches with their lineup.
I believe that adults' stated difficulty stems from a lack of such an environment with few exceptions like church or sports clubs.
Agents regularly engage in client management. The best agents can manage counterparty agents and get a deal done to close the buyer/seller gap. Clients have a lot of room to perform more stringent agent management in hot (ie liquid) markets.
However the dynamic suffers from a typical experience level imbalance like we see in Venture rounds, M&A deals, etc.
Edit: one challenge with this is that because sellers sign exclusive agreements for sale, you can get the situation common in IPO lead underwriting banks — tell the client the highest price to win the deal, then start the process of gradually walking back seller expectations.
Everyone worked huge overtime, boosting their pay by 50-80% in some cases. Economy crashed, corporate orders to cut overtime ( but obv not the work deliverables), and people were having difficulty paying their mortgages.