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Not every good engineer is going to be best suited for maximal growth for their particular career by starting a company. First of all, risk adjusted reward/liq
by yowlingcat 4y ago
Not every good engineer is going to be best suited for maximal growth for their particular career by starting a company.
First of all, risk adjusted reward/liquidity almost always favors just doing really, really well as an engineer -> engineering leader at a FAANG or a tier or two down. You'd have to really knock it out of the park with a company you start for it to be financially better for you than simply building and riding out a great career at a FAANG.
Second, many parts about starting and running a company run in different directions or even directly counter to the kind of fulfillment you can achieve by being a good engineer at a strong engineering organization. This is probably the much more important point. If running a company well is something that truly makes you happy -- happier than all the other things you could be doing, and you can stomach the intense resource investment it takes to become successful, then it's worth it.
But that's rarely the case. If you ask a lot of people who run companies who are more on the honest/humble side of things why they run companies, they'll tell you the same thing: "I'm not very successful at working for other people." That's not just them being humble. There's a lot of truth to that. And the other side of that truth, is that for people who are a little better at doing that, there's an enormous amount of very well compensated and highly intellectually stimulating work that can be done in the world of big tech.
For most if not all of the best engineers I know, they have great deals at great companies being well compensated ICs and player-coaches. Why start your own company when you could just walk in making a guaranteed low to mid 7 figures TC with the same level of autonomy at a sure thing?