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My theory is that college has become too expensive to afford to drop out and start a company with a massive student loan bill that you may never pay off, and wi
by hkarthik 6y ago
My theory is that college has become too expensive to afford to drop out and start a company with a massive student loan bill that you may never pay off, and will cripple you with debt for a couple of decades.
Given that reality, it makes way more sense for someone to finish their degree, land a FAANG job, work a few years to pay off their debt/save, and then take a swing at a startup if they still have the itch.
This has changed the financing substantially, because an ex FAANG engineer is only going to do a startup if they can get back to a similar pay/lifestyle within a few years. This means the VCs have to write much bigger funding checks, and the companies need to have bigger ideas and reach unicorn status much more quickly.