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I agree with your disagreement. But there are cases where it has paid off to be a lowly startup employee. For example google itself.
by Foober223 7y ago
I agree with your disagreement.
But there are cases where it has paid off to be a lowly startup employee. For example google itself.
- pryelluw 7y agoThat's true. The odds are those of being born rich.
- gitgud 7y agoKeep in mind the odds of joining the next Google at the startup stage are probably close to one in a million...
- muzani 7y agoYou only need to be the #1000th employee at a FAANG sized company to be a multi millionaire. Or you can be employee #100 in a fairly large startup like Dropbox, Zooplus, Booking.com. There's easily around 50,000 of those roles open, including places like India and China.. So I'd say the odds are one in 120k, if you were born as a random human. But if you are a software developer in the top 10% globally, you'd be one of 2 million. Let's assume only 25% of these jobs are tech. That puts the odds around 1 in 160. If you're in a tech city, it's even higher. It's not great, but not terrible either.
- gitgud 7y agoInteresting way to look at it statistically. So if you're a top 10% programmer your odds of being a millionaire in a startup are 1/160? Just doesn't sound right to me...
- muzani 7y agoWhat sounds wrong about it? How many top 10% programmers do you know who work in startups? And how many do you know who are millionaires? If we sampled 500 people who have worked in a startup on HN do you think 3 of them are multimillionaires? My ratio of multimillionaire startup friends are a lot higher than 1/160, but I'm pretty sure it's survival bias, because the people who have succeeded are the ones most active in the community.