[alephnerd]

In IB/PE we have exit opps like VC or PM, and there is a reckoning in IB/PE leadership that the old school 60-100 hour analyst work culture is toxic.

In Korean companies, the work culture is still stuck in the 90s era IB mentality, as a lot of management are much older and started their careers when chauvanism, racism, functional alcoholism, power politics, overwork, etc was still the norm.

Tbf, SK was still a developing country until 10-15ish years ago.

[hollywood_court]

I didn't realize that South Korean was so behind the times until I read "Human Acts" by Han Kang. That book led me to perform quite a bit of research and further reading on Korea.

[alephnerd]

The US has plenty of issues, but a lot of Americans take for granted that most countries have even worse work cultures or compensation structures.

That said, it's good for us to keep striving to find an ideal balance between work and personal life.

[toomuchtodo]

This is why I love birth rates declining: makes labor scarce and forces the better treatment of those still in the labor force.

We won’t find better work life balance until workers organize and old folks in charge with old ideas and values die out.

[alephnerd]

> why I love birth rates declining: makes labor scarce and forces the better treatment of those still in the labor force

I'd like to have Social Security benefits in 30-40 years tbh, so not a fan of potentially declining birth rates. That said, immigration is absolutely our superpower, and something we need to support.

[toomuchtodo]

We see the world differently, but I don’t fault your incentives and desired outcome. I see this as an empowerment and agency issue in a suboptimal economic system (working humans hard or to death without a lot of options, depending on jurisdiction, treating humans as a resource to extract from, broadly speaking).

(I am bootstrapping a non profit to buy unwanted fertility, funded through carbon markets; bias disclosed)

[tharmas]

Immigration? You mean third world immigration like Canada?

Swedes and Canadians would like to have a word with you.

[alephnerd]

My parents were those "third world immigrants" as is my SO who is an MD.

Despite being the son of those "third world immigrants" I've funded companies and built products that have most likely protected your employer from nation states attacks by "third world" countries like Russia, China, Iran, and North Korea, and have absolutely protected NATO+.

Go crawl back into your hole and don't come out.

[silverquiet]

I'm assuming IB = investment banking, PE = private equity, VC = venture capital, and PM = public market. To be clear, I did not work for a private equity firm itself (I do not posses the psychopathic ambition required to do so), but for a company that ended up owned by a firm; that was the terrible experience.

[alephnerd]

By PM I meant Product Management. A lot of PMs with MBAs are burned out IB Analysts who did the MBA to escape the grind.

> for a company that ended up owned by a firm; that was the terrible experience.

That's a bit different. Depending on the type of PE, it may have been a PE of last resort.

You only sell to Thoma Bravo if your company is an absolute dumpster fire and has no roadmap forward, so it needs drastic restructuring.

Sucks for line level ICs ofc.

[silverquiet]

It was Apollo, but asking me to differentiate between them would be like the dentist asking me which drill I'd prefer; I really don't know the technical details, but they all seem very unpleasant.

[alephnerd]

PE is a broad industry, as it literally just means allocation of capital in the private market.

For example, VC is a subset of PE.

Apollo, KKR, Guggenheim, and Thoma Bravo are PE funds that have practices dedicated to acquiring non-performing assets (basically companies that are near the verge of collapse)