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Joined March 2009
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BrainCloud Recruiting retweeted
How to make $1M, $5M, or $10M+ in Silicon Valley.
I've seen many friends "make it" in Silicon Valley over the last 15 years. None got top tier jobs out of college, so they usually started at mediocre Seed or Series A companies with OK founders and OK investors. From there, they hustled, got lucky, and played their cards right.
Here's how you make it in Silicon Valley:
The Startup Career Climber - $1-3M Net Worth - $200-400K salary
First few companies failed. "Failed up" consistently often in similar roles at better companies - later stage, better investors. Had 1 or 2 medium exits (made $250-500K), increasing their scope and salary every 2 years.
The Small Business Owner - $3-10M Net worth - $500K+ salary
A few left startups to start their own thing, a consultancy, a course business, a consultancy. Something that cash flows nicely with great hours.
The High Flying Startup Career Climber - $5M+ Net Worth - $1M+ salary
Picked right in first or second job. Top performer and increased scope dramatically. Company had a $1B+ exit. Became a career VP at late stage or public companies.
The IC Engineer - $5M+ Net Worth - $1M+ salary
Got to Level 4-5 at good startups, making great money along the way, maybe an exit. Moved over to Google, Meta or a late stage or public company.
The Failed Founder - $5M+ Net Worth - $500K+ salary
Started a company with OK investors. Didn't make it, but "failed up" into VC. Became high-performing GPs at mid-tier funds.
The Lucky Duck - $20M+ Net Worth - $0 salary 🤠
Of course, a few of these people started companies that had $1B+ exits. Or they joined a $10B exit in first 25-100 employees. Or they joined a $10B exit as a Director/VP pre-IPO. Rare, but possible.
--> Of course, Silicon Valley isn't a fit for everyone, but these are great examples of how you can become wealthy in tech if you put your mind to it and have a bit of luck.
BrainCloud Recruiting retweeted
I resubmit my theory that California is the most dominant geopolitical entity on the planet, colonizing the world via the twin engines of Hollywood media and Silicon Valley tech
The U.S. Department of Energy confirmed its discovery of a 3,400-kiloton reserve of lithium in California's Salton Sea, making it one of the largest exploitable lithium deposits in the world. ow.ly/RAC530szrVg
BrainCloud Recruiting retweeted
We hosted 300+ hackers at the lab this weekend for @accelerate_sf
They built AI solutions for SF's most pressing challenges — housing, safety, public health, and more.
Winning projects listed below 👇
BrainCloud Recruiting retweeted
TC Early Stage — our event designed for budding entrepreneurs and founders at the start of their startup journey — returns on April 25, 2024 in Boston.
Reserve your founder pass for just $149 (student passes are only $99) here! 👇 tcrn.ch/3s4PsGW
BrainCloud Recruiting retweeted
MIT University is offering free online courses.
No textbooks or fees required.
Here are 10 courses you don't want to miss:
BrainCloud Recruiting retweeted
As my grandma says:
"Don't postpone any of your desires for better times.
This is an illusion.
Ideal conditions will never come.
And the best time is NOW".
#buildinginpublic #indiehackers #Motivation
BrainCloud Recruiting retweeted
When building a tech company, aim to build on a technical architecture trend that will continue to get exponentially better over time. There’s nothing like riding a wave where the problem you’re solving will only get more possible as each day goes on.
BrainCloud Recruiting retweeted
If you’re looking for more ways to support folks in Lāhainā and on Maui, I hope you’ll consider donating to these local organizations that are providing direct support on the ground: obama.org/discover/stories/t…
BrainCloud Recruiting retweeted
Pitch deck slide order - tag a founder who’s raising.
1: Mission + Vision
2: Problem
3: Solution
4: Market Size
5: Product
6: Team
7: Traction
8: Business Model
9: Go-To-Market Plan
10: Financial Forecast
11: Competitive Analysis
12 Why You Will Win ✨
13: Deal Terms
BrainCloud Recruiting retweeted
Recruitment Process Outsourcing (RPO) is the leading approach for tackling talent acquisition challenges 💪🏻 If you are considering RPO, find out exactly what it is, the benefits, and how it works in this article: buff.ly/3OvDjmG #RecruitmentProcessOutsourcing #RPO #HR
BrainCloud Recruiting retweeted
What is the equity risk premium and why does it matter to the average person?
If you own stocks of any kind, at some point, the reason a stock goes up or down is not just because of their long term earnings but also how they are valued relative to something that is less risky, like bonds.
This “spread” is a good way of keeping tabs on how expensive or cheap stocks are vs bonds (in this case 10-yr US bonds).
Even though my POV is that stocks are generally going up from here, it’s important to note that by no means is it a bargain.
In fact, the chart below says that it’s a pretty shitty deal - and the worst deal it’s been since 2003.
So how can stocks keep going up? Well, there are other factors at play including the need for short term returns by some actors (funds, pensions) that overcome the long term risk / reward tradeoff.
What can you do with this information? For most, nothing but it’s a good way to prepare yourself for the next move up or down and understand the volatility that can come.
Volatility is about short term histrionics. And charts like this can tell you where those histrionics may take stocks in the near term before long term logic reestablishes itself.
Good luck to all the players.
BrainCloud Recruiting retweeted
Companies- Why can’t we find anyone to hire?
Their hiring process- xitter.cf/ormanclark/status/1685…
BrainCloud Recruiting retweeted
With just 3% of employees eager to return to the office full-time, the stage is set for a major shift. @ATTBusiness says the hybrid model will hit 81% by 2024! #WorkFromHome #HybridWork
BrainCloud Recruiting retweeted
Just 8 months after the release of ChatGPT and we have arrived in a world where:
· a range of different AI models exist
· each model has their own strengths and weaknesses
· the models are racing ever faster to outcompete each other
As users we benefit from this competition.
But it also means that we must now make the choice, which model to use for which task.
Relying only on ChatGPT is no longer the best option.
Here's a comparison between the top AI models, to help make this choice easier:
BrainCloud Recruiting retweeted
List of founders networking event happening in SF this week:
marianebekker.com/post/upcom…
#founderevents #SanFrancisco
BrainCloud Recruiting retweeted
📣 Want to raise funding for your idea?
- Seek angel investors
- Leverage your network
- Explore diverse funding sources
- Build strong relationships with investors
- Craft a compelling value proposition
#StartupFunding #Entrepreneurship #InvestmentOpportunity
BrainCloud Recruiting retweeted
Nearly 40,000 foreign-born graduates of U.S. universities were recruited to Canada from 2017 to 2021. The USA is forcing some of the smartest people leave.
The likelihood of getting an H1B went down from 1 in 4 to now 1 in 7 due to completely arbitrary caps set long ago.
This is an absolutely infuriating look at America’s failure to design an immigration system that prioritizes ambitious, skilled, and educated people who could make enormous contributions to our society. Truly a must-read.
washingtonpost.com/education…
BrainCloud Recruiting retweeted
Excited to have @leblanc_au (@LAUNCH) join us tonight for our midweek session to talk all about accelerators!
BrainCloud Recruiting retweeted
These threads take me a few hours to create.
If you enjoyed it, follow me @brianferoldi
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