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Monteluna
@monteluna
This is actually wildly true. Many of the people who are great at crypto and found a sustainable niche are already retired or lifers at a foundation (perpetual trust fund). This leaves you trying to recruit a class of workers who: - Probably already have jobs. - Want to work for top teams in the industry and not some niche derivatives platform or game with no revenue. - Are likely too new to actually add value to a team because they might be 6-12 months in the space and don't know enough about it. We also have a terrible double standard where ex-FAANG(MANGO?) also don't want to work in crypto for any amount of money. I have a buddy for example who's an MBA ex-Amazon who would crush here, but he sees our space as career suicide and won't even attempt to work here. This reminds me of back in 2013-2015 though when mobile apps became a thing. At some point, the organizations capitulated and realized they needed to hire anyone, but it was also coupled with technologies like NodeJS that allowed you to just take massive technical debt now, and hire anyone who was capable and motivated to work. Many teams are sitting on capital and have projects they want to get done, but have these HR biases trying to hire like Amazon with extremely rigid standards, but the candidates that are applying are not ex-Amazon. The issue is the kind of person they want to hire, doesn't want to work for them (at least not at the pay rate they are offering).
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Monteluna
@monteluna
Another note: The difference is back in 2013-2015, you could raise stupid capital and throw large six figure salaries at talent, and companies would just have to compete for it. Today, we had an extensive U.S. political campaign that makes those capable and motivated people who could work here, and you cannot hire them at market prices. They don't care. This actually does worry me because unless teams are willing to pay $300K-$400K, those ex-MANGOs are not going to punt on other opportunities with stable traditional tech organizations. This is assuming the average senior SWE makes around $200K. People aren't going to work for a company where they might need to find a new job after 6 months because the crypto crashed and the fund ran out of money, unless you throw a huge bag at them.
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