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It is risky. Why work at a unproven startup doing something really hard for $150k and equity of questionable value when you can work at a FANG for $350k/year do
by lanrh1836 7y ago
It is risky. Why work at a unproven startup doing something really hard for $150k and equity of questionable value when you can work at a FANG for $350k/year doing less work?
- taurath 7y agoFor founders I don't think the calculus has changed much. You do it because you believe in it and have the stomach or resources to take the risk. For workers it has changed a bit from 10 years ago. I just call this making hay while the sun shines - I don't think the massive salaries at FAANG will last forever.
- scarface74 7y agoIf you are a founder who takes on investments, the only thing “you believe in” is an exit strategy. Don’t drink the kool aid. Most founders are not trying to feed starving children.
- tlear 7y agoBut you do need to believe that you can make an exit.. that is a big IF. Vast majority don’t.
- taurath 7y agoWhatever your purpose, you believe in it, whether thats this is a business plan that will make me a bunch of money, or it'll make an impact, you still gotta believe.
- scarface74 7y agoYes it’s expected for you the founder to believe - but if you aren’t the founder, understand that you are just a pawn no matter what they say.