Silicon Valley newcomers are still dreaming big (opens in new tab)

Sorry to be cynical here but I see that the myriad of new Tech companies do all pretty much the same thing and users don't stick to their product. However at the end of the day these companies do not survive and I don't even know if workers see that fact. For Business Investors it's a typical situation where it's "Make a lot of cash, fast, SELL". They all know that the company is not going to survive past the buzz, but they don't care because in the meantime they can make money out of it. People if you want to dream, do a product that is really useful, forget the "social", "new consumption" keywords that we hear everywhere and build a product that will last.

Also 70k in Silicon Valley is not great. Living there is very expensive. I know they have stocks but look at the fine prints to resell them! Remember that a salary is relative to an area.

But anyway keep on dreaming, it is not forbidden.

</cynicalguyrant>

>>Still emerging from their student years, most have yet to translate their earnings into material tokens of success.

This sentence rubbed me the wrong way. I don't think it's a coincidence that the same people who command these salaries are the same people that would be smart enough to drive a Ford or Honda and not splurge on a 5-series.

"Bansi Shah, 23, picked up her undergraduate diploma, then took a job at Lattice Engines, a small San Mateo startup, where she makes “near the top” of the company’s $80,000 to $130,000 range for an entry level product manager, plus equity"

Is this the norm in silicon valley, entry level positions making close to 130k plus equity? If this is the exception great!, but where does someone go from there? If right out of school your making 130k, does that mean your going to make 200k after 6 years?

"They go hiking rather than clubbing, look with a hint of impatience at their less social-media-savvy elders, are picky about their sushi and unhappy with iceberg lettuce."

There is nothing necessarily wrong or untrue about this statement, but it's definitely an unflattering generalization that made me chuckle during my lunchtime HN binge.

This: “My guess is that at some point the music stops and we find out that there’s not just one less chair but hundreds of thousands of less chairs, and we’ll have thousands of kids who haven’t learned anything because they’re all expecting to learn from each other,” he said."

A lot of people are going to come out of this boom with less useful experience than is commonly assumed.

This time it's different..

changing the world instead of hitting the jackpot? Sounds like what business majors are pretending too nowadays...

The salary listings in http://angel.co/jobs are a decent way to get an impression of the amount of money people are paid in the business. It's quite high by my standards.

130k for an entry-level product manager. Whew.