Why did all of those “talented” programmers choose to work at Twitter? As a matter of fact, why do any of these modern day electricians, plumbers and handymen, also known as programmers, choose to work at their respective companies?
Did they choose Twitter for the culture, innovation, moral code? Or, perhaps they felt it’d be a good company to work at for the next 30 years, build a career, retire and live happily ever after?
The answer is no.
The only reason why people work at these hot internet firms is for money. We are not talking about a little bit of money either. We are talking about hitting lotto type of money. The sort of money you do not walk away from. It’s life changing, it’s awesome, and it’s legal.
All of the early investors in Twitter were selling today. This isn’t rumor, but fact. They own it for practically nothing and know the gig is up. We all knew this day of reckoning would come, eventually. None of these tech firms were worth 10, 20, 30 billion dollars. We were chasing dollars in a dust storm, trying to grab one more hundo before we choked to death.
All of these disgusting companies, “Silicon Filth”, as I like to call them, promote of brand of vulture capitalism that can only be described as “a culture of losing.” These people never tossed a football in their lives. They do not know what it feels like to be on a team–not some sort of tech nerd team either–a REAL team. As such, they now find themselves at the top of the pyramid. It’s a house of cards, ready to fall down, and the last man out loses. They do not have allegiance to the companies they work for, only themselves. They are losers and that’s how losers behave.
Look at Twitter, how that company was forged on deceit, a giant ponzi scheme thrusted upon the masses amidst a carnivale of praise by Wall Street’s finest and smartly dressed media titans. There aren’t any loyal employees at Twitter, only opportunists.
When I founded iBankCoin, for good or for worse, I decided we wouldn’t take in outside money and become beholden to craven bloodsuckers, whose sole purpose in life was to sell to the highest bidder. Although small, we’ve been profitable from day 1 and now have 6 full time employees, all with job security because we make our own way. iBankCoin dies if no one cares. Luckily, we all care and will make sure she lives for the next thousand years.
But Twitter, in all of its glory and unprecedented growth, no one seems to care. They sold stock today and will sell tomorrow and will continue to sell, like a glutton eating chocolate cake, until they are good and fat.
That just about sums about Silicon Valley.
UPDATE: Need I say more?
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Back to having a login I see. There are actually a lot that have thrown a football, and have been in a frat. Those are the fucking assholes, the programmers actually build SOMETHING, for better, or for worse.
Don’t defend the minority.
This is why I can’t stand sales guys and fucking bankers. And I will defend the minority, who built the PPT?
Sales guys are what makes the world go round. Without salesmen, nothing gets done. And bankers, well, now you are just coming across as glib. We all know the good and the bad with bankers. The PPT was coded by a programmer who is loyal as fuck to the site because he’s an owner.
Jeremy, proving my point. And how is me hating bankers shallow or insincere? Look at the ridiculous valuations they give tech companies when they IPO.
Rhino
The ibankers are certainly guilty. But the valuation insanity started with the venture capitalists. Those are the guys you want to throw mashed potatoes at.
I want to throw more than that at them, they have serious problems with throwing money at assholes purely based on where they went to school. This would work great if all Harvard Dropouts were winners, but they’re not. There are some absolute garbage apps funded with ridiculous amounts.
Jesus christ over dramatize much? You can hardly proclaim the death knell to “Silicon Valley” based on a violent correction within relative virgin charts. Fact is more ivy league grads are flying West than staying East, and if there is any funeral at the moment it’s on Wall St. All this selling does it make these minnows cheaper for sharks like Page, Zuck, etc. Long term investors should be salivating at these prices. Day traders not so much, even the ones “short”.
Do you speak english too? Because I could barely understand what you just wrote there, pal.
HA HA HA HA – These stocks will all die a fiery death!
And, no, I am no longer salivating at the specter of buying TWTR down 40% for the year, yet still trading at 23x sales.
ok, so Twitter from here to eternity (i.e. bk or a buyout) is lower? I’ll take that bet.
I don’t believe I said that, did I? I said, insiders aren’t loyal. More than that, venture capitalists, early investors, will happily toss you under the bandwagon you’ve been trying to catch and cut your dick off for fun. That is what I am saying.
well that’s not profound at all. Human being aren’t loyal, they apes. You want loyalty get a dog. For long term investors, these co’s still hold value, especially when (not if) Wall St. decides to fawn over growth again versus profits. They always do, because there are only so many songs to play this insipid game of musical chairs to.
Ace
I don’t think you understand what I am trying to communicate. But I will agree, many of these companies will be great long term holds. The problem here is profound. It is a culture of “me toos”, bunch of sloths thinking they can strike gold from their basement. And I disagree with your assumption that humans aren’t loyal. Perhaps you are talking your own book, but it’s not mine.
Ha, I see you read my earlier comment about TWTR still being 23x sales even after the bloodbath from $74 to $31. I actually worked for a dot bomb in SF in 1998-2000. I know of what I speak.
I remember a time not so far into the past when you praised Ackman for his parasitic ability to extract money from host companies he involved himself with. Now you are turning up your nose at programmers who went to work for twitter for the quick coin?
I can honestly say that I’ve never, in my natural born life, offered praise to Montauk Bill Ackman.
And, yes, I always turn up my nose to programmers. This is nothing new.
Go fill a script and quit slacking. There are people waiting at the counter for some antibiotics.
LMFAO!
http://www.tedmed.com/talks/show?id=47042
actually, the bush fellow is no moron
While TWTR has been bad I don’t think anything can compare to the filth that runs FEYE. I have never been fleeced this bad. The way management has handled things needs to be documented for future investors it’s insane.
FEYE is a tech company. This post applies to them too.
Regardless of the selling and the multi-millionaire nerds from Silicon Valley, I believe in this story long-term. Twitter has what other social media companies don’t – Real-time exposure. If management is successful they can go beyond mobile and internet advertising. From a valuation perspective they are not far off from FB.
Regardless of what happens in the future, RIGHT NOW, those fuckers are selling as fast as they can.
Great writing good Dr…
Some Canadian Irish MM I know shorted TWTR right at the top… I think eight figure worth… . boy this is lifetime supply of good life 🙂 and some balls.
So FEYE YELP and FB are no longer the best companies in America?
Not by a long shot. I believe I’ve opened my eyes to my misdeeds have I not?
The problem is, IN THE MANIA, naysayers are viewed as jealous, negative, farsighted
I never commented on YELP. But it’s a “bulletin board”. Of reviews. Great
It’s serving a purpose of weeding out riffraff but major future growth prospects??
I agree with your post. But the reason there is no loyalty in programmers is the very regard you hold them in.
Thinking that developers are modern day mechanics is what makes them undervalued. Being undervalued makes you bitter. True, not all programmers are created equal. When your craft is in demand you better strike while the iron’s hot. Especially if you suck.
Look at money managers for Christ’s sake.
Money managers have been around since the beginning of time and will continue to flourish no matter the environment.
Exactly right. There will always be the tinkerers and inventors, “solving the world’s problems”, modern day Benjamin Franklin’s and Nikola Tesla’s. They come, they go, and most get dumped back in the garbage can of society when they fail, because they’re ideologues.
You see the same thing with this fresh crop of tinkerers, because society is subsidizing them more than ever now. They give TED talks, opining on how their thing is the “next greatest thing” and we’ll all orgasm living in virtual reality with Zuckerburg and his flock of Pan-Asian bro-grammer chimney sweepers.
But lurking in the shadows, when the bubble pops….are the financiers, men of letters, fiduciaries who pillage your grandma’s piggy bank for a 5 cent piece and put Mom and Pop out of business, pulling the price of paper clips out of hats and leaving you wondering how they did it.
Silicon Valley will crumble, leaving only ashes of $KING-covered rainbow lollipops and $TWTR birds, while the financiers, having eaten its lunch, find their next prey.
Love to hear it coming from you.
Tim Knight would be proud. In my opinion, it is almost time to start thinking about the 5-10 quality survivors—like buying AMZN, EBAY, PCLN, YHOO circa 2003 (and NOT AltaVista, AskJeeves, or Excite). My first guesses would be TRIP, YELP, Z…in a business with a proven economic model (vertical search) and addressing large markets. Any thoughts/criticisms are welcome….just throwing up a straw man for brainstorming purposes.
AMZN went from almost 110 to under 6 when the tech bubble burst. If this is tech bubble 2.0 then you have a lot of time before a bottom forms.
To add to this, it took 2.5 years for the tech bubble to find the bottom and 1.5 years for the housing bottom, tread with caution in the short term.
Valuation is relevant….not stock prices. The companies we’re talking about today went public much later in their life cycles than companies in the late 90s. Consequently, FB–for example–has $5.00 per share in cash. If you’re waiting for it to fall 95% from the $72.59 high to under $4.00 per share…I’d suggest you’ll be waiting for a very, very long time. These periods may rhyme, but there are striking differences as well.
VC’s are vile henchmen sent to suck every last dollar from any one the can innovate. Once these innovators liquidate, those same vampire VC’s suck even harder to get their slimy webbed claws on that new wealth to place in their incest filled funds. The most heinous form of hubris that cycles after every liquidation event in the valley.
A man once told me to never trust a nurse – he was right.
FIG
http://valleywag.gawker.com/ex-twitter-employees-freaking-out-because-they-cant-sel-1572497320
Look at that.
Those people are fucking stupid.
http://www.bloomberg.com/video/david-einhorn-on-tech-stocks-fed-policy-strategy-wby1QOW4RZWXEHAUuY8yEg.html
The real Eddie Barzoon ain’t at Twitter…he’s a horrid south Asian over at fireeye
“They do not know what it feels like to be on a team–not some sort of tech nerd team either–a REAL team. As such, they now find themselves at the top of the pyramid. It’s a house of cards, ready to fall down, and the last man out loses. They do not have allegiance to the companies they work for, only themselves. They are losers and that’s how losers behave.”
Oh my god, YES.
Though I do believe that money often compromises the integrity of any team, no matter the background of the members.
Ultimately the success of any team comes down to leadership. Leadership can only be obtained through being part of a team to begin with. So, yea, I totally agree with your assessment.
It’s a good day to sell your house in NoCal., or luxury autos– Particularly Tesla’s.
Fucking dorks.
Fly, I have only been here for two years, but this is your best post ever in my experience. Right on the money. I have worked for “normal” companies and for businesses where everyone cares, no comparison for employees and for the business. Over 47.5.
Silicon Valley is nothing but parasitic nerds. The fucked up part is the nerds selling become vc now.This post is dead on. Nerds have no soul.
Japan, the original Twitter fucking tanked tonight. Are the new normal vigilantes on the loose? This massacre of stories is gaining steam.
It takes 6 FT employees to run your site? What do they do?
They are building an orbital space cannon (OSC)
You realize of course that the moment IBC goes public your guys are CASHING IN!!! WOOO HOOO!!!!!
At least a lot more Teslas will be sold, now that twitter employees have cashed out.
Yellen on the Hill, She better not promise anyone cocaine today and tomorrow.
DOW Futures up 92 points=COCAINE
I was an 80’s man. I know a little about Cocaine LOL!
i dont think the coke is on tap anymore,
the cocained beardman has left the sacrificial yellen lamb to be crucified
You got that right Wolf!