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Disclaimer: I'm an ex-FANG, ex-founder, now-again-FANG, so I'm also biased. I'm somewhat bothered by your comment about money: > If your goal is just money (w
by khazhou 8y ago
Disclaimer: I'm an ex-FANG, ex-founder, now-again-FANG, so I'm also biased.
I'm somewhat bothered by your comment about money:
> If your goal is just money (which is fine, don't be afraid to say this), then definitely go to google.
I find this disingenuous, as money is also a big reason why people do startups, both the employees and the founders. The founders could have chosen to implement their idea inside Google or wherever (with an army of marketing, virtually unlimited funding as long as the idea is working out, and all forms of support to bolster the team and the product), but the founder passed on that in order to reap the huge rewards that come with owning a successful company. Or, in order to have "personal" control (inasmuch as you can have that when you still have investors, a Board, and an indifferent target audience).
Sure, there are _some_ founders whose vision genuinely doesn't fit inside any FANG... but those are the exception. For most visions, the best possible way to realize them is inside BigCo.
Also, the promise of a Google-sized payday is hinted at to employees ("Join us... we think this is a Google-sized opportunity" is a common thing founders say). Even your own statement ("you _might_ make $10m, but that's unlikely") embodies the dream and the challenge presented to a prospective employee who's ready for a big risk, to put their guarantees and expected-outcomes on the line for that sweet $10m.
The prospective employee probably doesn't realize that the founders who are pitching them on .01% still hold 60% between the two of them, and a different class of shares. The prospective doesn't realize that there is only an infinitesimally, vanishingly small likelihood they'll make even close to what they'll make at the big company.
But even when the employees make very little, the founders still have a good path to making bank, in the case of even a minor acquisition or an acquihire.
- stock_toaster 8y agoStartup Non-founders statistically /rarely/ have their options worth much of anything in the end. Startups also generally pay less than FANG companies to boot (typically until they are no longer startups).
- SZJX 8y agoNot sure if big companies are the best place to realize most visions. Google seems to make a mess of almost every new product they put out nowadays. They simply don't care with all that revenue. Many startups that focus on one thing and do it well are unlikely to have developed at a similar pace at a big company?