Pay transparency arrives in the job posting

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This reflects our new identity as Wellfound, the best place for startups and talent to connect.?Don’t worry,?you don’t need to do anything. All your bookmarks and links will automatically redirect you to the new domain.?We hope you enjoy our new look and feel, along with some exciting new features.

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The Wellfound Team

SVB collapses—and is ready for VC money again

Silicon Valley Bank—which does business with nearly?half?of all U.S. venture-backed startups—collapsed. It’s the biggest bank failure since 2008, which has a lot of people in “the Bay” like totally freaking out. “You could feel the mania and the panic and the concern and the interest,” a nearby prof told NPR. SVB claimed to do business with?44%?of U.S. venture-backed technology and healthcare IPOs. And that means?a lot?of people in tech are impacted. The bank lost $1.8B on a sale of U.S. treasuries, triggering a “run on the bank” and subsequent fed takeover. A newly appointed CEO already is urging VCs to bring their money back.

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Chat GPT 4.0 Can Color!

ChatGPT is getting in touch with its creative side. The newly released 4.0 is in full color and carries a beat—that is, it incorporates images and music. OpenAI says it also produces “safer and more useful responses.” Bonus: Chat can now process up to 25k words at a time. (Note to teachers: increase those assignment lengths.)

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Like Madonna, Zuck wants you to express yourself

Meta is scaling back its workforce even more as it steers to new AI waters. Since going all-in on the Metaverse in 2022—and losing?$24B?in the process—Meta has laid off thousands of employees, setting up a pivot to?generative AI. The new project is called LLaMA: “large language model Meta AI.” While similar to ChatGPT, Zuck says his baby is more focused on using AI to build “creative and expressive tools.”

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(Quick! Close that tab!) Big Tech is watching

When the world went all-remote during Covid, big companies went all Big Brother—deploying spy bots to track their employees’ every movement. This surveillance software is increasingly sophisticated, complete with eye tracing, biometric data collection, and an AI-driven cyber-boss (bully?) that reprimands you for spending too much time on Facebook.

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Microsoft goes negative in a good way

Microsoft is pairing up with Running Tide to get to a “carbon-negative” footprint by 2030. Running Tide creates biodegradable buoys on which they intend to create kelp farms, reducing water acidity and absorbing CO2. They then sink to the ocean floor as algae. Though, there is some?disagreement?about the soundness of the science behind it.

The Weekly Pulse

But how much does it pay?

With all the fluctuations in the job market the last few years, it seems employees are looking to know a little bit more about the job they’re applying for before the interview. Nearly 3/4 of job listings in NYC, and 2/3 of listings in California now include pay information.?Update your roles salary information

Dive Deeper

• Silicon Valley Bank failure could wipe out 'a whole generation of startups' (NPR)
• GPT-4: new features, visual input, availability, and more (Digitaltrends)
• Meta’s “year of efficiency” means job cuts, less metaverse, and more generative AI, (Quartz)
• What to Do When Your Boss Is Spying on You (Wired)
• These companies want to go beyond batteries to store energy (MIT Technology Review)
• Why team culture is just important as company culture (Wellfound Blog)

Experts Wanted: Top Startups Hiring $100k+ Engineering Talent

Despite a general pull-back of hiring across tech, there’s still plenty of good news to be found. That’s especially true for senior software engineers who are experts in languages including C++, Javascript, Node.js, TypeScript, React and Ruby. Plenty of startups in a range of industries are still offering generous pay and a long list of benefits.

Top companies hiring $100k+ software engineering talent include:?Bubble?(no-codedesign),?CareMessage?(healthcare),?Proven?(skincare),?Vivian?(healthcare),?Kappa?(finance),?Kurtosis?(software development) and?Xander?(augmented reality).

From the Founder

“Partner with others coming up. Help people out, and they, in turn, will help you. Build a community that sustains you. Don’t be afraid to give.” -Jake Dyal, Principal,?Certus Group

What we're reading?

• Why you shouldn’t list certifications on LinkedIn (Interviewing.io)
• An A.I. Start-Up Boomed, but Now It Faces a Slowing Economy and New Rules (New York Times)
• The next generation of AI for developers and Google Workspace (Google)
• Volkswagen Plans Almost $200 Billion in Investment Focusing on EVs, New Tech (Wall Street Journal)
• Meta considering a standalone social network that sounds a lot like Twitter (CNN)
• Uber, Lyft Score Victory as California Court Affirms Right to Treat Drivers as Contractors (Wall Street Journal)

Funded & Fast-Growing

• Richmond, Calif.-based?Moxion Power,?a manufacturer of clean, mobile energy storage technology, raised a $100M Series B led by Tamarack Global with participation from Amazon’s Climate Pledge Fund and Microsoft’s Climate Innovation Fund. They’re hiring software engineers, systems engineers, and managerial staff.
• New-York based?SWORD Health, a clinical digital musculoskeletal company at the forefront of tech and healthcare, raised $163M from Sapphire Ventures and others. They’re hiring product designers, front- and back-end engineers, data scientists, and mobile developers.
• Denver-based?Crusoe Energy?raised a $350M Series C with participation from Robert Downey Jr.’s FootPrint Coalition Ventures. They’re hiring software engineers, cloud designers, electricians, and mechanics.

? Startups hiring now

Certus Group: Data Engineering technology focused startup | 2 open roles

Xander: Using AR to improve interpersonal communication | 1 open role

Bubble: Erase the distinction between software use and software creation

Senior Full-Stack Engineer, Editor Architecture

Senior Software Engineer, Frontend Editor Architecture

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