The 2021 Talent .io salary report is out. These reports work with the data they have, and it's clear that high-paying tech companies don't use "Europe's largest tech recruitment platform" at all, resulting in data that is off from reality.
A thread on why these reports are off:
1. Access to data. Looking at the Amsterdam data distribution, Adyen, Booking, Uber etc all don't have their data here. They all pay €90K+ for seniors in *base salary* - we'll talk about the rest. Uber and Booking €110K & above:
2. Total compensation vs salary. These reports focus on salary, but the highest paying companies often pay a lot more than just salary. E.g. at Uber I had years when my stock vesting that year was above my €100K+ salary. My bonus target was €22K as a senior engineer.
3. This report confirms what I have been saying: there are ranges invisible to most recruitment companies and employees on Tier 2, and especially Tier 3 ranges:
4. So where do you get better data? You ask around people you know. Go on Blind (the app). Check out levels.fyi. And I'm building techpays.eu that already has over 500 Netherlands/Amsterdam data points.
5. My next newsletter issue will be about how to find your next opportunity as a software engineer/engineering manager, including a list of (within inner circles) known companies that pay towards the top of the market.
These reports are good at showcasing #1 (Tier 1) compensation. They don't tell you *anything* about Tier 2 and Tier 3. Those companies use in-house recruiters and don't recruit through these platforms (or don't share their data at least).
Clearly they put a lot of effort writing the survey: but be very, very, very wary on basing compensation on this. You won’t be competitive even in Tier 1 if you do. Even the Tier 1 market has moved up the past months.
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I see so much FUD (fear, uncertainty, doubt) about the future of sw engineering, mostly from non-devs. Along the lines of “soon anyone can spin off AI agents in bulk that act as hundreds of devs.”
A false premise. Just open your airline app that is built by ~hundreds of devs.
Good software is far more nuanced than just how many devs work on it.
Skype hired good devs and won the video calling desktop market. It got to 1,000+ devs and then… this startup with 50 devs washed the floor with them for mobile chat + calls. It was called WhatsApp.
To understand how software engineering will change when anyone (technical or not) can hire an AI agent to spit out code:
How did filmmaking change now that everyone has a professional-camera (previously unattainable to non-pros) in their pocket?
A lot more startups (esp AI startups) bragging about how much they work: in terms of well past midnight, 6-7 days per week, 12+ hour days etc.
What is the end game here?
Good job grinding. But it’s v hard to innovate + ship quality sleep deprived…
Speaking for myself: yes, when I’m locked on a problem I’ll work more *to get it done.*
But when I regularly pull late nights, my work (+mood, judgement) gets worse, not better.
Best work is (and has been) usually after taking enough rest and being full of energy+motivation.
Lots of interesting takes. This one on Bsky got me thinking as I can emphasize with it (and the general feeling that many/most AI startups likely have, esp seeing how important first-mover advantage is…)
Being an AI tech startup is great for funding, but tons of pressure
Automattic - the creator of WordPress, a company raising $950M in VC funding - took a paid WordPress plugin built and owned by another dev and re-published it, making it free.
If you have a business selling a paid WP plugin: Automattic can null it, anytime.
I used to be a big Automattic / WordPress fan (my blog used WordPress for many years, and I admire companies investing in open source.)
Automattic has turned into a corporation ignoring open source ethics though, in its bid to take out its biggest rival WP Engine.blog.pragmaticengineer.com/did-automattic…
WP was so popular in part thanks to the tens of thousands of plugins - built by devs who liked the platform.
This trust is slowly but surely gone. Devs who would have chosen WP don't do so. And so the platform grows less.
Automattic hurting all of WordPress. Maybe on purpose?
And yes, Sonos used to have a great software experience.
I got my first Sonos around 2019 or so I think - and the setup and tuning were very nice (positioning speakers in a room for best performance.) Worked well for me at least.
Major banks skipped due diligence on the deal when providing massive loans to the world's wealthiest person buying Twitter for $44B, assuming they would make a quick buck by selling on these loans.
But they cannot sell it on and make money on it?
The full story by WSJ:
It's hard to feel sorry for massive banks that don't make the quick buck they expected to do, because they loaned for an objectively terrible deal? (Twitter was sold for 2-3x the value of Snap, despite fewer users, similar rev)wsj.com/tech/elon-musk…
FWIW Snap today:
- Has ~2x as many users as we can assume X has (Snap: more than 800M MAU)
- Has ~2x as much annual revenue (about $5B)
- Is worth $15B
... meaning X would be valued no more than $15B today, most likely.