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If the guy is good at the job, why does it matter? Maybe we should think of him more like a folk hero than a criminal.
I'm probably in the minority here: when I was a manager, I was always totally fine with my employees moonlighting. Even if they didn't tell me and I found out later (as I did in one case). The only thing I've really cared about is whether they did good work.

I believe the main reason employers have an issue with moonlighters is that they view it as lack of loyalty. There may be other reasons, such as concerns regarding whether the employee can perform at 100% at two or more jobs, but I really do think that loyalty is the primary concern by a large margin.

I really think people need a hobby or something. Cool we found the 99th percentiler of a thing that everyone knows was happening. All it is is someone who's phenomenally good at interviewing and decided to use that to defraud a bunch of companies.

Is there much else to learn? This is simply not as interesting a story as it's being made out to be.

If you really didn't want your employees moonlighting, maybe you should just pay them more so that they don't have to work 5+ jobs at the same time? (Of course they won't) and require them to be in the office.

But this is the archetype of engineer that companies really want: Exceptional at passing technical interviews, willing to work 24/7 to make it happen, but as cheap as possible but all made up for promising 'equity'.

This is an actual "10x engineer" that exists, but somehow it has upset some VCs because he was moonlighting at multiple companies as a hack.

The best part is, remote YC startups were targeted and they are all talking about banning Soham secretly on bookface.

It is now clear that some are "allowed" to hack the system of others to their advantage but you are "not allowed" to do it against YC.

Remember, the rules are always different for capital holders, the professional managerial class, and labor.
I've known people who did this. It didn't make a lot of sense, but they seemed to like the optionality of not being tied down to one place.
If a 100x engineer works 10 jobs, does he then become a 10x engineer at each job?
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He's an Ai marketing scheme by some y-combo felons. Top-to-bottom, pre-planned commercial to distract from the copyright issues central to everyone's mind, the recent ruling on which only served to further illegitimize US courts, highlighting obvious conflicts of interest, skirting due process, and making every citizen question the efficacy of the current Republic and constitution in regards to protecting our personal liberties.
Trying to run three marathons at the same time will only keep you from finishing any of them. You can show up for the photo or just the final mile, but that only proves who you really are!

It's very hard on other people, who, in some cases, are making tremendous efforts, such as running marathons again, due to these types of people...

The real problem is that companies say they want 10x engineers but they don't even pay 2x if you deliver outsized value compared to your peers. If you create a culture of high performance with associated high compensation, you'll find that engineers will spend their free time working on company problems rather than side-hustles.
There's a risk-adjusted payoff, at least in theory. A 10x doesn't get paid 10x, but also doesn't get immediately fired if the project shuts down, gets paid when sick, doesn't get paid 30% less if company revenues go down.

At least in Europe. I guess in US it's all different.

If the business wants 10x growth right now, they should pay 10x salary, right now.
Who is going to measure this value? Few can, management doesn’t trust these few not to be in cahoots, hence, not possible. At least, that’s how I perceive it in my professional environment.
Soham Parekh, hired by Suhail, Adish, Rohan, Sanjit, et al.

>how could this have happened

The question is not "Who is Soham Parekh?" but "Where is Soham Parekh Now?"
People keep saying he's really good at his job; but I saw an interview with him recently and he looks like stupid young - has he built anything or accomplished anything except serial moonlighting?