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That's fair, but before I spent a lot of time in industry, I thought most tech entrepreneurs were genius engineer/business types. I was shocked that a LOT of s
by ditonal 6y ago
That's fair, but before I spent a lot of time in industry, I thought most tech entrepreneurs were genius engineer/business types.
I was shocked that a LOT of startup founders are well-connected rich kids who have no skills or ability to lead a tech company. I learned that, while saying that you have a huge trust fund isn't very cool, saying that you're a tech entrepreneur CEO is perceived as cool. So the rich family uses their connections to raise a few million (often indirectly) and suddenly the kid is an "entrepreneur", despite lacking any relevant skill sets. It's not like there's any expectation for these companies to make a profit anyway.
Yes, you can avoid these companies, but it's worth warning younger engineers that this is maybe 50% of tech startups. It's more of a problem with NYC based companies than SF based companies (as NYC has more old money and less emphasis on tech companies actually building real tech) but I've seen it in both cities.
- logicslave 6y agoThis is kind of true. Young tech entrepreneurs are mostly either harvard/stanford/other top college grads, or theyre from wealthy families. But entrepreneurship has always been this way, its not a middle class career path, and arguably, tech has increased the number of middle class/raw talent trying to start their own companies. If you were to look back at the early 1900s, or even 1980s, its much better today than back then