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This. When founders bemoan the "talent crisis", they are really complaining about the shortage of people who are excellent coders/marketeers/whatever but have n
by alexatkeplar 14y ago
This. When founders bemoan the "talent crisis", they are really complaining about the shortage of people who are excellent coders/marketeers/whatever but have naively optimistic expectations of what their equity will be worth. It normally only takes one startup job for people to fall out of that Venn intersection.
There's a third option if you can code and want to be involved in/profit from the startup scene: contract for big day rates somewhere like NYC or London, and angel invest your spare cash and tech mentor a basket of N startups. You will probably make better picks (and give saner advice) than most VCs.
- shalmanese 14y agoYou can only angel invest (right now) if you're an accredited investor which is a non-trivial barrier for a freelancing engineer to overcome.
- alexatkeplar 14y agoFor US or Canadian companies, you are correct. Happily in Europe we treat adults like, well, adults, and it's pretty common for non-1% people to angel invest in early stage companies. Foreign investors are welcome too - and I don't think even the SEC can stop you investing your money overseas.