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The thing I wish someone spelled out to me when I started my startup employment journey over ten years ago is that you need to pick the right company. Most star
by dangero 10y ago
The thing I wish someone spelled out to me when I started my startup employment journey over ten years ago is that you need to pick the right company. Most startup equity ends up being worthless, so you need to think of yourself as a venture capitalist. Will this company really be the next big thing? Do I believe in them or am I just excited that they want to hire me?
Looking back I wasted far too much time working for companies that I knew deep down were never going to make me money on options and working on projects that I knew were going to fail. I wasted my time and I let these failure companies give me valueless options in place of pay that I would have received working for an established company. Job interviews are bi-directional and everyone tells you that, but it took me wasting many years to understand what that meant.
- nathan_f77 10y agoI think you've nailed it. If you're an employee at a startup, you should be doing the same amount of research as a VC, if not much more. A VC is only investing a bunch of cash that they can afford to lose, and probably only a little bit of their own money. As an employee, you're investing maybe 5 years of your life that you can never get back.