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The funny thing here is that it makes running a startup/working at a startup relatively pointless. On average it’s probably about equal difficulty to convince
by lumost 5y ago
The funny thing here is that it makes running a startup/working at a startup relatively pointless. On average it’s probably about equal difficulty to convince the right person at a FAANG to invest in a pitch as it is to raise a series A. Except your more or less guaranteed to make ~1-2 million over the course of 4 years and you have a good option to make more via promotion.
You Lone the opportunity to be your own boss and the possibility of extreme upside. But it sounds like VCs are taking that away as well.
I wonder if any VCs have added options into the deal to increase founder equity later if company performance dramatically outperforms expectations.
- ryanSrich 5y agoThe overlap between would-be successful founders and people that can not only pass the interview exams, but function within a FAANG is probably very slim. You need high conformity and extreme inside the box thinking to thrive in FAANG. Conversely, you need essentially the opposite set of traits to be a successful founder.
- lumost 5y agoCurious why you believe you need in the box thinking to thrive at a FAANG. I haven’t seen anything more than what you’d need to keep up with customer expectations of what your kind of company should be able to do.