The CEO himself says that he has lived a so-called
I read a job posting on Facebook by Hong Hyun, CEO of Pluto Project, which received seed investment of 4.6 billion won as soon as it was founded, because it was viral. You are looking for an "insane" developer who will work more than 100 hours a week to develop the world's No. 1 product. His job is VP of Engineering and he has to work in New York, but his treatment is 200 million won a year + stock option. He is currently single and should not plan to get married for the next three years.
The CEO himself says that he has lived a so-called "crush life" for 36 years at the expense of his body and personal life in Civil Accident + Ivy League + Wall Street, and that he should succeed at all costs. The startup emphasizes that there is a less than 1% chance of success, so it cannot work like an ordinary developer who is good at work, and that ordinary happiness should be given up for an extraordinary goal.
I have never met CEO Hong Hyun, but I have heard that he is a "great person." However, when I read that article, I was quite disappointed. I didn't feel any philosophical concerns or my own values about the nature of finance that the CEO himself had.
"We are developing a product that implements the process from information collection to analysis to decision-making as an agent, which is the core of investment with AI," he explained, adding that it is a product made for hedge funds by a former hedge fund representative.
CEO Hong said he creates a product that implements all the processes that are at the core of an investment with agents. He, who worked in a hedge fund, would mean a high risk-to-return, and hedge funds are said to be target customers while creating products that are key to achieving this. If you are really making such a product and are confident in its performance, you should set up a hedge fund directly and prove it as an achievement rather than making a hedge fund as a customer. In theory, all hedge funds exist to deliver alpha to customers, and it doesn't make sense to rely on the outside for the brain responsible for their core.
At the current exchange rate, the annual salary of 200 million won is about 140,000 dollars in US dollars, not enough to live in downtown New York, which is a requirement, but the basic salary of new engineers in New York, a big tech company. As the CEO said, the probability of a start-up succeeding is very low, so if the stock option is not worth it, executives in the software engineering sector work 100 hours a week for at least three years to receive the salary of new engineers, and I can't see why they should do it at all.
"Honestly, it's really hard when you work with me. There were a lot of people who couldn't stand it and gave up."
I have emphasized for a long time that workers in the knowledge-based industry do not unconditionally lead to more production because they work longer, and I think you should seriously consider why there have been many people who have given up. The reason why knowledge workers choose to leave the company is that they do not want to do anything meaningless, rather than work intensity or compensation policies. It is based on the idea that a person will not be able to bear the responsibilities that they bear as a fully grown adult, while hiring executives in a sector. I think it is very inappropriate to mention the working culture of startups as unconditional cut-throat.
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