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Beware the Tech Bro Pipeline
(lemmy.world)
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this post was submitted on 09 May 2025
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"I want to change the world with this tech"
...
"3 billion you say? The company is yours!"
7 figures??? That's not selling out, that's just trying to get anything for a sinking ship if you sell for a million. Thats barely covering salary+expenses for 2-5 engineers depending on level and location.
Yes, you're talking about a personal "payout" thats probably only 2-3 years of a salary? That's not much of a "payout" that's just a nicer severance package. If you built a company that wasn't about to go under, it's not worth handing it to some asshole for practically nothing
Software engineers at FAANG companies easily make that amount. And that's the caliber of engineer that is typically making this type of exit.
You're commenting as if your circumstances are the same as a tech bro founder's, which seems to be incorrect.
annuities my dude
1M is 2-3 yr salary??? Hook a brother up with these $300-500k/yr job leads d00d
Nah, precisely because we would cash out and settle for peaceful lives long before we'd become billionaires or even millionaires. It takes a certain type of person to begin earning millions and conclude "that's not nearly enough, I need this times a thousand". None of them are "good" people.
You don't usually just "begin earning millions", some businesses snowball to billion-dollar size quite quickly. Instagram had only a few dozen employees before being sold to Facebook for billions.
It happens, especially in tech, but I'd say it's still the exception to the norm.
How many here are working for these tech bros or putting money on their companies?
The company I work for isn't amazing and our most recent CEO is human garbage. I've got medical stuff I had to pay for and need the funds to get out of country. Doing my best to be a net drain though by working as slowly and poorly as I can without being fired and I don't buy into tech stock (or most any stock for that matter). Idk if what I'm doing is as ethical as it could be but I'm doing my best to not support unhinged tech bros despite being in tech
I’m taking the money and giving a fat chunk of it to programs and things that my government refuses to do anything about. I don’t give a fuck about shallow things like “selling out.”
So, you just want to make Trump richer, I see...
How does that make him richer? I’d use the money to help all of the folks he’s fucking over.
Trump owns the government, all the taxes you're paying go into his pockets and pockets of his friends. Especially after DOGE went through the offices.
I can see that. I’d hope I could offset it by actually dumping my personal funds into working class programs and offer direct relief, but I know it’s a stupid thought exercise. The reality is that I’ve been in tech for years and have always actively avoided FAANG companies, and any and all paths that lead to corporate or management.
You'll be better off dumping your cash into stock and shares.
You fool. You pay taxes on stock gains once they're sold. You can write off donations... YOU are the one that would end up enriching the government with your money...
Well, if we're talking about me specifically, then I don't live in the US and I don't pay CGT. When I get my profits, I get 100%.
The point though is that I ultimately don’t care for wealth. Stocks and indexes would be playing into the same billionaire game that I would be trying to steer away from (albeit an impossible feat to dodge entirely).
I would probably use it in local governments to provide housing and better shelters for the poor; donate to programs that help children in underrepresented communities; buy materials for schools; contribute to mental health services and police reform (through community-lead programs).
Suit yourself.
Honestly selling the company is understandable. Getting out is normal.
It's the ones that turn into sociopaths that bother me.