6,010 karma · joined October 24, 2009
http://blog.alinelerner.com
@alinelernerLLC
aline at alinelerner.com
I wrote a bunch about why sharing doesn't make sense and how to avoid it, while still managing your timeline: https://interviewing.io/blog/sabotage-salary-negotiation-bef...
Our sales data has lined up with previous events like hiring freezes and hiring booms (e.g., when Amazon briefly when on a hiring spree after Google and Meta froze in 2022). You can see more historical data here: https://interviewing.io/blog/when-is-hiring-coming-back-pred...
I think it depends on whether the interviewer has agreed to make the interview "open book". Looking up stuff on Stack Overflow during the interview can be OK or can be cheating, depending on the constraints.
In this experiment, the interviews were not "open book". That said, I am personally in favor of open book interviews.
There's no way to tease this out before you interview, except that if you're looking for compensation that's significantly above the top of the band, it might be hard to get. (A little above the top is possible, and sometimes a lot is possible too... that's where the negotiation comes in.)
I'll be around to answer questions, and I'll tag in Kevin, the author, as well (I just edited it).
Most recruiters are terrible, and they're kinda set up to fail because the data isn't there in exactly the same way. The difference is that good human recruiters can make some meaningful warm intros, let 2 engineers get in a room together to see if there's chemistry, and get the hell out of the way.
The difference is that good human recruiters can make some meaningful warm intros, let 2 engineers get in a room together to see if there's chemistry, and get the hell out of the way.
I should make this clearer in the post. "Recruiters can't do hiring... and neither can AI. Both can't because the data's not there."
"If I were you, I’d be justifiably skeptical at this point. Wow, a recruiter is writing about how AI can’t do recruiting. Classic Luddite trope, right? Let’s burn down the shoe factory because it can never compete with the artisanal shoes we make in our homes. In this case, though, you’d be wrong. I walked away from a very lucrative recruiting agency that I built to start interviewing.io, precisely because I wanted to be the guy who owned the shoe factory, not the guy setting it on fire out of spite. Recruiting needs to change, it needs disintermediation, and it needs more data. It’s the only way hiring will ever become efficient and fair. I just don’t think AI is going to be that change. If I’m wrong, I’ll be the first in line to pivot interviewing.io to an AI-first solution."
Moreover, you should absolutely ask for the preferred price at the last fundraise. They should be able to give you that figure, just like they gave you the strike price.
Also ask about liquidation preferences: do investors get paid out at a multiple?
Finally, you should adjust that figure depending on how long ago the raise was. A 2021 valuation is very very different from a 2022 and 2023 valuation.
Once you have all of these figures, you can build yourself a probability-weighted model that factors in dilution and a few different outcomes (company ends up being worth nothing, company gets sold to PE at some small multiple, company has an IPO etc) come up with an expected value for the worth of your equity.
If you'd like, email me, and I'll share a redacted version of the model I give my employees at interviewing.io to do some reasoning about the value of their equity: aline@interviewing.io
P.S. Odds are that this equity is going to be monopoly money (because that's true for every company)... and odds are your stake is very small even if it's not because you're coming in late.
(As an aside, I think in recent years, the spirit of SEO has become more about just making good stuff and less about hacking...)
Anyway, it wasn't for SEO. It's hard to edit stuff well because we're so passionate about what we wrote here, and we probably should do another pass.
One might say that because we’re a mock interview platform, publishing this post is self-serving. The reality is that we take no joy in this content. Ever since hiring freezes and layoffs have started dominating the news cycle, we’ve lost about half of our interview volume, many of the prominent employers who were hiring through us as recently as Q2 of this year have paused. So, trust us, we’d much rather be writing about something else while living in a hiring boom. And look, whether we want to see it or not or whether we have vested interest in publishing it or not, the data is the data, and the data doesn’t care. Realistically, neither will the employers who are still interviewing and hiring.
Here's the raw TrueUp data: https://www.trueup.io/job-trend
We also felt that even if this data WEREN'T entirely generalizable, it would be interesting to a big enough subset of the HN population to merit sharing.
Now, you're right, why do we put effort into pieces like this? It's to get some eyeballs on interviewing.io.
But this piece is not flimsy, and I think it's not correct or fair to assume that just because something serves our business that it's of poor quality.
Normally I wouldn't say anything, but the "flimsy" thing really got me.
Believe me, I'd be much happier if eng hiring were back in full swing. With all the freezes and layoffs, we've taken a bigger hit than we can hope to gain back by shilling interview practice.
last thing i want is to perpetuate stereotype threat inadvertently. it's possible to do this right, i think, but we haven't gotten there yet.