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Sounds like the kind of M.O. that should be common in theory, but maybe not so much in practice... Are the best startups really funded by FAANG engineers initia
by pyb 5y ago
Sounds like the kind of M.O. that should be common in theory, but maybe not so much in practice... Are the best startups really funded by FAANG engineers initially?
- fragmede 5y agoI don't know about "best", but it's part of why Silicon Valley is Silicon Valley. The place is just swimming in people who ended up millionaires after a successful exit, along with FAANG engineers who have a lot of money and, even if they don't have enough to own property in the Bay Area, still have enough to give $10k to a friend with no real expectation that they'll get any of it back. Combine that with a enough other people, and raising $100k is trivial, relatively speaking. Someone who's worked at a FAANG has also seen how those places remain functional, which helps shape a startup's culture when growing from 10 to 100 to 1000 to 10,000 employees and (hopefully) can avoid toxic pitfalls that poison a company to a slow death with.