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There are a lot of people here defending working for porn sites. I'll play devil's advocate. (Or the opposite? Whatever.) In general, being associated with porn is a problem.

In hetero porn, tons of the models or performers or whatever are said to be involved because they were sexually abused when younger. Doing porn requires a certain numbness and if the performer doesn't have that when she starts, she will. It's just a very sad situation. A lot of people, including me, would never get involved with it, and consider money made there to be tainted.

(I know nothing about whether the same is true for gay porn.)

A hookup site isn't like that. Although there might be "numb" people participating, they aren't being exploited / selling themselves so there's just a different feel. But you never know where your life might take you. Sometimes very uptight people are gatekeepers to something you really want. You shouldn't let that possibility control your life, but on the other hand you shouldn't give up those unknown future opportunities for nothing. This job would at least have to pay more to make up for that.


In hetero porn, tons of the models or performers or whatever are said to be involved because they were sexually abused when younger. Doing porn requires a certain numbness and if the performer doesn't have that when she starts, she will. It's just a very sad situation.

I upvoted you because your comment is interesting, but how do you justify the above statement other than "it's what some prejudiced people, including myself, think"?

Have you validated this by talking to people who work in the porn industry? Have you read some research that validated this?

I'm questioning it because it seems like a stereotypical and potentially bigoted belief and is very possibly wrong. People are different. Some people get off on having sex with their life partner. Some people get off on being surrounded by a bunch of guys jacking off. Som people get off on having sex with animals. Some people don't get off and they're ok with that. It's fairly plausible that some people get off on doing porn, and it makes sense that many of those would work in the porn industry.


I agree. I would also like to see evidence that porn actresses were sexually abused.

I suspect this idea of 'porn stars were all raped' is a way to claim that porn isn't normal, it's a way to claim that only people with stunted and retarted sexualities do porn. That 'normal' people don't do porn cause it's 'unnatural' ("Look only mentally damaged people do it!"). I suspect that people propagate this idea because otherwise they'd have to look at themselves and say "I actually wouldn't like to work in the porn industry", much easier to claim that you're normal and healthy.


Yes, this may not be true. All I can report is what I've read.


> Doing porn requires a certain numbness and if the performer doesn't have that when she starts, she will. It's just a very sad situation.

My experience (via a friend who works for one of the soft-core porn channels) is that this is generally not true.


But it pays cash and lots of it

How much? Can you be more, uh, quantitative here?


Starting salary for typical IT roles (dev, etc) are about £35-45k p.a. in London depending on how well you negotiate. That's straight out of uni. It goes up rapidly as you go up the ladder. Within a couple of years, if you do well, you should be up to £65k or so, and probably start getting a bonus on top of it too (probably about £10-20k or so in IT). It's not that unusual for the salary to go up by about £10k per year if you do very well, which isn't necessarily that hard, because there are a lot of blasé, bored people who don't have any energy anymore (the environment saps it out of you).

If you're on the business side rather than IT, the equation changes dramatically upwards. I have a friend who's 5 years into a front office, commodities sales job, starting from the lowest possible rank, and who's now earning £150k per year plus bonus. She started on £30k because she really wanted the job - so her salary has gone up 500% in 5 years. That's not counting the bonus either.

That's not fuck-you money. Few people earn that even at banks. But it is a very comfortable salary.

It's cheap to get that salary, too. All you have to give up is your dreams. My friend who earns £150k hates her job, and used to tell me that every time I saw her.


> It's cheap to get that salary, too. All you have to give up is your dreams.

Don't forget the effect of compound interest: they want your soul as well, and you burn out more every year for as long as you stay.

In my early career, a headhunter came after me to interview with his London bank client. I did a few quick sums at that point, and it's not nearly as attractive a package as it looks.

I'm in Cambridge, UK, so we have quite a few guys around here who get approached by the big London banks or who choose to interview there; a few of my friends did. Without exception, the ones who took the jobs get up early, commute down on overcrowded trains, work long hours during the day itself, and then commute home on overcrowded trains. By the time they've done that, they are so tired that they often don't want to do much on weekday evenings any more. The only thing that might improve the situation is moving to London, but that pushes your cost of living way up.

I don't earn as much money on my decent IT contracts as your £150k+bonus friend, and I've been working a bit longer. On the other hand, by the time you figure out an hourly rate including things like commuting time, I bet I'm not that far off. By the time you factor in the costs of commuting or getting London accommodation, I'm even closer. Oh, and I still have a life Monday-Friday.

I can understand people who go straight into that kind of environment for a couple of years after university, when you're young enough to take it and you're basically making an investment of 2-3 years of having no life in exchange for more comfort for the rest of your life. But I can't understand why anyone would want to stay there for much longer, even with all the financial reward: money is only worth anything if you have time to enjoy spending it.


Nah, cost of living isn't that high (as ig1 says). I've been living in London for the last 7 years, much of it on a rather limited salary. You can live very comfortably near central London (zone 1-2) in a nice area on £35k. You won't save much money, but once your salary goes up, of course, you will be able to (depending on how you adjust your lifestyle, of course).

As for hourly rate, that can be computed easily. My friend works about 12 hours a day, 5 days a week (no weekends, since her work is linked to the markets being opened). She gets 4 weeks of holiday a year, and there's about a week's worth of bank holidays. So that's 47 weeks * 60 hours = 2820 hours a year, on the upper end (assuming no sick days or other unplanned absences).

That works just above £53 an hour.

You could drive that down by counting her (30 minute or so) commute in, but you won't make much difference. The fact is, she earns very good money no matter which way you cut it. And that's not even counting the (very significant) bonus.

I'll grant you that living in Cambridge and working in London is daft, but that's why they have, ya'know, houses and stuff in London. So you can move there rather than spend hours on the train every day.


It depends very much on which bank you're working for. American/Asian banks tend to be much more hard pushing in terms of hours of facetime you have to put in, but at many of the European banks 40 hour weeks are fairly average even for Front Office devs.

Cost of living wise london isn't that expensive once you take into account cost of commuting. I'm paying £1300/month for a large two bedroom flat within walking distance of the city.


I'd expect the bonus to be higher, 10k bonus is what I'd expect a new grad to get a year out of uni. Although bonus varies a lot by bank, how close you are to the money, and if you get paid out of an "IT pool" or out of the "desk pool".

For base I think your figures are pretty accurate, although bases tend to max out at around £100k (in pure developer roles; developer management can go higher). A lot of senior devs become contractors, with day rates typically being in the £550-£750 range.


I've taken the contractor route and I'm perfectly happy with it. Although I fall within the range you specify I've seen higher for some specialised front office roles in certain technologies. This past week I've seen live positions in the range of £800 - £900.


Yep there are definitely positions in that range, but I think they're outliers rather than the norm.


That's not that much money. You should do better in hourly contract work in Silicon Valley. That can be, at worst, dull. But not soul-sucking.


Given that, why would you even enter the IT side?


because you have the skills necessary?


You make around S$200k/yr within 4 years if you're in banking IT in Singapore. This is not even counting the bonuses they usually get. OTOH if you work work for a startup here, you get around S$80-90k/yr max. And if you're a non-IT person at a bank, the figures are just astronomical.

Almost half of the people I met in university are now working for banks, and you'll find them either preparing for CFA exams over the weekend or thinking about their MBA applications for next year. These include people with PhDs in Physics and who worked on cutting-edge stuff like quantum cryptography.


S $200k/yr == USD 144k/yr.


By the way: tax rates are way lower in Singapore.


I'm in Singapore. Can you name a few startups here that pay like you think they do?


Yes, the new bankruptcy system tries to eliminate that option for people making more than the average. It's an extremely bad reform, as it hits higher income people trying to take risks and build businesses.

Here's what to do if you're caught in that: decide to declare bankruptcy, then figure out a way to establish a six month period with your income below your state's average. Quit your job, stop paying yourself a salary from your company, whatever. If you've got to feed a family, make a mortgage, pay for your kids college tuition and otherwise support an above state average lifestyle for people you love... I don't know. Consult a good bankruptcy lawyer, and if they don't have a solution for you, ask them directly for a recommendation of a lawyer who will help you to beat this system.


Derek, you did great work in creating that wealth and everyone here is happy to see you enjoying some of it. But please consider re-writing this to something more truthful - fewer words emphasizing your altruism and spartan lifestyle (?) and more words talking about the tax advantages and forced spending discipline that this smart plan gives you.

The title, for example, shouldn't be "Why I gave away my company to charity". You didn't do that. (Which is good! That would be crazy.) How about, "Why I willed my estate to charity."


Lie.


Poor Steve is so thin. Can't tell you how sad this makes me.


Joshua, I'm sorry for posting your regret of selling to Y. I hope it did not distress you too much to see it. I should not have done it.


You didn't do anything wrong. A newsworthy public comment made by a public person (certainly 'newsworthy' and 'public' in the context of a site called 'Hacker News').

What Joshua (enabled by PG) did was simply silly. Don't add to the silliness by brown-nosing.


Not brownnosing. I should have realized that if I wasn't comfortable posting this under my real name I shouldn't have posted it at all.

Definitely newsworthy and interesting, however.


It's a reddit thing. Not polite here.


Let's assume that's the case (although it's a strange custom because, again, it's quite conceivable someone comments something that in itself is newsworthy and comment-on-able).

If it's impolite, presumably the magical social filter will take care of it by downvoting or ignoring. Calling in the heavy artillery for something trivial like that is still ham-handed and unwarranted. You can't have said something like that unaware that it will end up all over the place anyway, as it did.


The thread was flagged and removed before PG got to it. So yes, it was voted against social mores.


It was voted because you asked people to flag it


Sure. But they did it.


Someone must know who this first tier VC was that hosed him. Anybody here know about this?


One day I will post the story...one day.


We'll be waiting! Thanks for the great interview, Brandon.


I'm an atheist and a confirmed sexual libertine but those ads pissed me off too. Too tacky even for the Superbowl, which is saying something.

Much worse, though, was the ad for some damn NBC crime drama which showed some pretty young girl falling into the hands of a serial killer, then showed him burying her in a shallow grave down by the river or something. Yet another show about fear, pain and misery.


Ugh.


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