Oxide continues to be one of the most inspiring companies in the space, I was just encouraging someone to apply there yesterday. :)
I got another great offer after just 1 interview that I took, so I never went through their process, but it looks very exhausting to me. Being rejected after investing so much time must also feel awful.
I’ve also done interviews that were brief 30-60 minute casual discussions followed by an offer during the hiring craziness that happened in a few years in the past. Anecdotally, coworkers at those companies were a completely random range from smart and kind down to the meanest, most clueless people I ever worked with. They had high turnover both because they were always firing bad hires (hire fast only works if you also fire fast) and people were burning out from the perpetual stream of bad hires being randomly injected into the company after they talked their way through the short interview.
Looking back, the interview processes that took the longest were certainly not perfect, but the companies that had them were much better about maintaining a coherent culture and high bar for the coworkers I would get. Every new hire felt like someone amazing who I was happy to be working with.
Everyone has different priorities, but looking back I think the relatively small amount of time I invested into long interview processes (relative to the 2000 hours I work every year) was time well spent.
the problem is that when the job market isn't too hot, you might be applying to a dozens or even a hundred+ positions. if 5-10 of those all have 9 hour processes, well now you have 1-2 full weeks work of unpaid interviewing to do, which is a lot to organize, prepare for, etc.
For normal job changing, people are more selective and interview maybe a couple times per year, spread out over time. In my experience it hasn’t been hard at all to get 3 hours here and there for interviews. Tech company culture is usually forgiving about people leaving for appointments and other things so this isn’t nearly as hard as it is for some of my friends in other careers where it’s PTO every time.
I’ve also not actually seen many cases where people schedule 10 interviews at once and actually get the full interview experience at every one of them. People get rejected at earlier stages of the interview process or they start pulling out if they realize the job isn’t a good fit. It would be very rare for someone to schedule 10 interviews and actually invest the maximum time into every single one of them.
So I understand your concern, but in my observation this pattern doesn’t really happen. People have been doing much more involved interviews (travel, flights, hotels) for decades.
right, people will do it, but then they'll complain on a forum about having to spend 60+ hours (with prep time) for a handful of interviews with no guarantee of a position and i think that's a fair complaint to make.
>I’ve also not actually seen many cases where people schedule 10 interviews at once and actually get the full interview experience at every one of them. People get rejected at earlier stages of the interview process or they start pulling out if they realize the job isn’t a good fit.
sure, but even if you drop out partway through the process, the prep time remains the same, you're still blocking out time and scheduling, you're still occupied for a portion of the day, etc.
>So I understand your concern, but in my observation this pattern doesn’t really happen.
i have observed it often enough with my former students (and sometimes current ones) to be understanding of the people complaining about a 9 hour interview.
I think part of the reason is that interviews have gotten more adversarial as time has gone on. Ie less respect for the interviewee, more of a power dynamic, more careless wasted time in lazy take home assignments, etc.
I wouldn't mind 9 hour interviews to 3 companies if i knew i'd land the job. It's the 1,000 companies that many people experience that gives them pause after so much disrespect through time.
Until the last few years, the idea of hours and hours of interviews wasn't a thing. I interviewed at IBM and was hired after two, 1 hour interviews. One of those over the phone.
I can't even envision what these interviews are all for. It feels like people attempting over the top risk management, without really scoping the risk. It feels quite disorganized.
On the other hand I like meeting a lot of people that I’d be working with. It’s nice to start day 1 knowing who people are.
We also advance very few candidates to interviews and hire a surprisingly large proportion of those who interview, so it's not like you're doing all this interviewing for the usual slim chance of being hired. The written materials are the primary filter.
Hiring process RFD: https://rfd.shared.oxide.computer/rfd/0003
It genuinely took me another year to even consider applying to another job it was so demoralizing.
In my experience with this format it isn't like you are coding for 9 hours. It starts with soft HR stuff, ends with a sales pitch to you, and most of the middle is just pleasant conversation with interesting people.
Right, but you're not just doing it with them, you're potentially doing it with lots of companies you're applying to. It would be untenable to devote that much time to every prospect. Oxide can only do it because most other companies don't.
There are lots of axes on which to judge a company so I wouldn't write off Oxide for this alone, but it doesn't speak well of their respect for their candidates' time.
They don’t have every candidate scheduled for the entire time of all the rounds. If you don’t pass earlier rounds, they’re not going to waste time (yours and theirs) hauling you through more rounds of interviews.
If you make it to the end of all of those scheduled interviews, there’s probably a very good chance you’re getting an offer.
9 hours just seems excessive. Other companies have "funnel" hiring processes like this and still manage to do it in 3 hours instead of 9.
My blocker has been the initial written answers to the questions. I've had the questions half-answered for nearly a year now. I want to do it properly (sans AI) but other things come up and I question the EV of spending the time, especially since I'm not a strong writer in the first place※.
For Oxide, it makes sense to demand a strong writer due to their culture, so even if technically qualified I might not be a good fit, assuming I even get an interview.
※ - I write unambiguously, but use point form whenever possible and am not great at naturally writing concisely.
As for the materials, they play a part in the conversation stage, and even if you get hired and interview others hoping to join. Every interviewer reads the materials of the candidate, and we send the interviewer's original materials to the candidate. It's not nearly as tedious as some of these comments are making it out to be (and believe me, I've been through the "ten elevator pitches" gauntlet in my career).
tbh, I really enjoyed filling out my Oxide materials. They got me thinking and taking stock of my wins and motivations, not just the crap we throw on resumes to attract the eye.
Suppose you get interviews on 10% of those. That’s 10 interview pipelines, and if every company had this policy, 90 unpaid interviewing hours.
Like the comment elsewhere in this thread, candidates will find other roles before your interview gauntlet concludes.
When a company says they have 9 hours of interview time, that’s usually the maximum time if you make it through all the rounds. If you get that far, you’re highly likely to get an offer.
You would also be surprised at how many people will actually do 10-20 long interview rounds to try to maximize their chances for the best job.
There are almost two different bubbles of candidates: Those who refuse to do anything more than a couple quick calls, and those who will rearrange their life to spend days putting in work for each job they want. I think that’s fine and everyone should do what works for them, but if you think 9 hours of interviewing is going to turn candidates away from a company like Oxide you’d be very surprised to see the quantity and caliber of applicants who line up for jobs like this.
I think you also might need to adjust your expectations now that AI interview cheating is getting out of control. A lot of companies are moving back to on-site interviews. I’d happily do 3 x 3 hour video calls more than flying and staying at hotels and renting cars to get to an office in another city just to interview.
I'm on the market right now due to a layoff and I have an agent that reviews linkedin every morning and cross references levels.fyi for role leveling and salary and then assess fit to my resume. I get around 5-10 _possible_ positions per day and with human judgement that's usually down to 0-2, averaging about 0.5 per day.
I hear back from probably close to 10% but that's with a highly targeted approach, not just spamming my resume everywhere. And my pipeline is freaking full. It's a full time job doing prep and participating in all the interviews.
The only interview so far that's been a huge time sink has been anthropic's. But that's because I chose it. Their take home I have the option to use between 2 and 8 hours and I used the full 8 hours because I'm highly motivated and the position is well fit to my career history.
If X and Y are large enough sure. Most of the time X is hidden and Y is hard to gauge.
Oxide can obviously impose a 9 hour interview process because they're a good enough company that lots of smart, motivated people want to work there and thus good candidates are willing to endure that process. Lesser companies obviously can't impose that process because there aren't enough good candidates willing to endure it.
My main point being, different strokes for different folks. If you think that process is too long, great, find a company with a less time consuming process. But Oxide's process obviously seems to work well for them, so I think it's pointless to complain about it (note I don't really think that's what you are doing, but a bunch of reply comments certainly are).
They waste very large amounts of candidate time on an essay like assignment before you get to talk to someone.
Truth be told they already know from your resume if you’d be worth interviewing. That’s enough , and maybe a OA.
The best process I’ve experienced, was a quick conversion with a few technical questions, then I can start as a contractor. If it works out it works, if it doesn’t that’s ok too.
No need for me to write a long paper, when HR probably took one look at my resume and sent out a rejection.
We're building racks over here! And all our software is open source.
It's a big ass computer (technically many computers in a rack) that gives you a cloud provider style API to manage on-premises infrastructure. Plug it in, connect to the web console or API, and provision yourself some sweet sweet virtual machines, disks, and VPCs.
Oxide are so good at comms.
Why are they paying taxes if they have a huge order backlog. Expand your production capability. Amazon famously had no profits on paper for many years because of their relentless expansion.
"Paying our taxes" in this kind of context is nearly always shorthand for "filling out our tax returns". That part usually takes a substantial hunk of time. The actual payment process is typically writing a check or entering credit card info, which just takes a few seconds.
As to why we're paying taxes: while tax minimization is certainly a thing (and we have taken advantage of things like R&D tax credits), we're paying taxes because we're profitable.
Is something else going on here, are they locking in orders from AMD and other suppliers beyond their current order backlog?
Or… they could just take on equity investment at no risk.
They're profitable, they are going to get the best terms possible at this moment.
a few days ago I migrated a non-trivial firestore app to sqlite
10x less latency (10x requests / second)
migration took a few minutes (+ 2 days of prep)
just a few months ago that would have been infeasible or at least nerve wracking
If each share is worth $1 at the valuation used in the raise, then an investor adding $100 million gets 100 million shares for it. The shares aren’t taken away from anyone, they're issued in exchange for the capital.
So ideally the dilution is neutral to the value of the equity. In practice this is highly variable because the valuations are fuzzy numbers used for the raise, but you get the idea.
If a company can get the same growth without raising, that would be better because the proportional ownership stays higher. However, the reason companies give equity in exchange for capital is that they need the cash for growth and can’t get it on better terms anywhere else.
Another way to look at it, is that it's partly locking in the value of those shares at the time of dilution, effectively reducing the variance of the future value of the existing shares.
As a thought experiment:
If you're holding a lottery ticket that you bought, and someone comes along, says they're going to buy 1,000 lottery tickets, but promises to share any winnings with you pro-rata. You don't really have a choice to say no.
You'd probably be really annoyed, if your ticket is a winning ticket, you split the jackpot and don't even get a life-changing amount of money back for it. If any of theirs wins, you likewise get a modest amount, but you weren't bothered about losing £1.
It's an expectation neutral thought experiment, but reducing variance isn't always wanted!
Your lottery comparison isn’t logical. I think you’re just repeating the same misunderstanding I was trying to dispel above.
If you want to force the analogy, you would have to imagine a lottery where your win and the investor’s wins are tied together. Either you both win or you both lose. But to make the analogy actually work, you’d have to imagine a lottery where their ticket purchase increase the winnings proportionally.
So in this bad forced lottery analogy, you would have a smaller number of the overall tickets, but the same odds of winning as before and the payout would be the same as before.
You’re making the common mistake of assuming that the company could get the same outcome without taking investment money. It’s common to imagine getting that your 0.1% of a sweet $1 billion IPO without ever getting diluted along the way, but getting a company to that IPO point requires a lot of cash. If a company is lucky enough to have all the cash flow they need to get there then they can do it all without dilution. Most companies need to raise some cash to get there, though.
So raising the money actually lowers your variance of getting a large payout, because the cash is what enables the growth to that liquidity event.
In your example, the additional 1,000 lottery tickets might add nothing whatsoever to the value of the winning lottery ticket in your hand. It's just not a good metaphor. That's not how buying shares in a company works. Investors don't invest using bearer instruments of totally unknown value. They invest using cash. Cash always adds the value of the cash. That's intrinsic to it being cash.
A much better way to think about it is that you have something in your hand that's worth X dollars and has Y shares. If somebody were to give you X dollars in investment in exchange for Y additionally issued shares, then at the end of that operation the company, by definition, would be worth $2x, and your Y shares would be exactly half of that value, meaning that you start with X and you end with X.
As mentioned, knowing exactly what the company is worth in dollars is a little tricky, but that's the premise, and it completely makes sense.
Back to your lottery ticket example: let’s say you had a company with assets consisting solely of a winning scratch-off lottery ticket worth $1,000, and then you agreed to sell half the company to an investor who contributed $1,000 in cash. At the end of the exercise you would have a company worth exactly $2,000 (the company's assets include the lottery ticket and the new $1,000 of invested cash) and you would own exactly half of it.
If you have a unique skill at buying scratch-off lottery tickets and can turn that $1,000 in cash into more than $1,000 in lottery tickets, then you and the investor win from the transaction. That's what the investor is betting on.
If you can't get those results then the investors shouldn't invest in you and you shouldn't seek investment.
Venture Capital is one of the greatest engines of growth, and fitting for the vast majority of early stage tech companies, it is interesting to see how changes in business economics may result in niche, differing capital structures. Eg. Companies which sell RL envs have vastly different economics than a food delivery app.
you still need pure compute when doing the agentic ai dance.
you certainly need gpu for inference purposes, but everything else (harnesses, tools, mcps and the actual software) still runs on regular cpus with regular ram and storing data on regular disks.
Hoping they hire for a position in my area of expertise some day!
I used to think that Oxide's business model sucks in the face of the hyperscalers. When AWS/GCP/Azure "just works" and is generally reliable and cheap, why would I go through the trouble of buying my own computers? Well the past 5 years have been a constant decline towards more concentration of power, lack of care for their customers, and degradation in quality in general. AI is of course accelerating this decline - selling de-slopped products is now a huge competitive advantage. All the best luck to Oxide.
- Series C in Feb 2026 $200M
- Series D now $445M
I expect the next round soon :)
In reality, it could very well be investors just saying “we’re so happy with how things are going, we want more, take our money!!!”
IBM is more than 100 years old and has brought us a lot of innovations of the modern era.
To give a trivial example the relational model for databases was theorized by F. Codd while working at IBM Research (see https://en.wikipedia.org/wiki/A_Relational_Model_of_Data_for... for further details)
IBM still does a bunch of stuff, mainly in the research area. They just don't sell netvista/aptiva computers and ibm laptops since like 2005 or so. They still develop and sell mainframes though.
I'm not sure about the pricing.