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He says people switch jobs around the 2 years time frame, which is surprising and short. Is that true, an avg say in tech? I have been doing that but I didn't r
by NotSammyHagar 6y ago
He says people switch jobs around the 2 years time frame, which is surprising and short. Is that true, an avg say in tech? I have been doing that but I didn't realize it was that common. In SF I've heard staying a year is the goal to get stock, then after that look for the next thing.
- cactus2093 6y agoWell there's not one single "the goal" that everyone follows. Some people are genuinely happy to be working for a company they really believe in, some people are looking for experience to level up their career/rise up the corporate ladder/start their own company in the future. If you're just looking for a payout, going to a bunch of startups for 1 year and then moving on and collecting equity from all of them is an interesting approach. It potentially improves your odds of a > 0 payout compared to going all in on one startup and staying in one place for many years. But I suspect if you're optimizing for a combination of expected value + downside risk, you really can't do better than FAANG or a large unicorn. I suspect a very, very small number of people who have worked at any combination of various startups for the past 5 years will have outperformed someone who worked at Google that whole time. And that's before even taking into account the time value/liquidity of the public stock - even if some of the startups over that time period do go on to be successful, you might have to wait 5+ years after you leave to cash it out.
- NotSammyHagar 6y agoI think you are right that fang companies are the place to make money, better than startups. I've spent 2/3 of my career at fang and 1/3 in startups. Startups are fun but I really benefitted by a solid engineering start.