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I think all the disagreement is just a matter of demographics. If you are 22 and time is on your side, go nuts. The intangible benefits of YC (networking, etc)
by extr 2y ago
I think all the disagreement is just a matter of demographics. If you are 22 and time is on your side, go nuts. The intangible benefits of YC (networking, etc) have time to pay off. It’s not like you would have been making insane money at BigCorp anyway that early in your career. You can afford some income instability. No real downside, just be realistic about your chances of a huge exit/unicorn status.
But for “everyone else”, it makes zero sense. You have kids? You’re mid/late career? Forget about YC/VC funding. Much better ways to spend your time and effort.
- dnissley 2y agoWhat are those better ways to spend time and effort?
- extr 2y agoIt depends on your goals, but this is David’s core point. If your goal is an independent income stream or building a business, at many (most?) life stages, shooting for the moon is not practical - too risky to put all your eggs in one basket. Too many ways to fail and waste years. You’re better off diversifying your bets, not dissimilar to VCs themselves. Try small ideas and scale them up if they work/seem promising. And of course if your goal is just building wealth and having security, maybe working for a BigCorp is indeed the better choice of time/effort. You can make a lot of money in FAANG and get a dynamite family healthcare plan + retirement contributions to boot.