Why do most new startups suck?

OpenDoor Eidnsori
Feb 10 20 Comments

The concepts and ideas these days are terrible. And the options are even worse. It's like startups expect me to assume they're guaranteed to be a unicorn. And then at that point, I'll almost break even with my FANG TC.

Obligatory TC: 350 (ok it's more like 400)

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TOP 20 Comments
  • New TKpg12
    Crazy to imagine, but there's more to a career than TC.

    If you want to be more than a cog in the wheel at FANG and learn about business, enjoy creative freedom, explore and experiment, and have the guts to break from the pack, it can be a rewarding experience.
    Feb 114
    • Credit Karma Vlad Putin
      At a startup you’re just a bigger cog in a smaller wheel that is almost certainly guaranteed to fall apart.
      Feb 11
    • Microsoft am sjbg
      @Putin spoken like someone who has never been a founder.
      Feb 11
    • Credit Karma Vlad Putin
      Spoken like a realist
      Feb 12
    • New TKpg12
      Your "bigger cog in a smaller wheel" is an attempt to discredit, but actually supports my point!

      No, it will not "almost certainly fail." Sure, the risk of failure is relatively high, but your claim is extreme (like your original post).
      Feb 12
  • New / Engsparked
    Are start ups supposed to act like they have a shit idea and no growth potential?

    Anyone working at a startup is gonna believe in the mission; they may get jaded at times but if they truly think it’s a loser they are looking for an exit
    Feb 100
  • Microsoft am sjbg
    Because it’s hard?
    Feb 100
  • New DvVM00
    oversupply of money
    Feb 110
  • How’s OpenDoor?
    Feb 104
    • OpenDoor Eidnsori
      OP
      Not a startup. It's like asking what my TC at Uber looks like
      Feb 11
    • Flagged by the community.

    • Care to tell why you left? OD seems to be raising big money all the time.
      Feb 11
    • Nextdoor / MktgZ5gk3z
      OD did exactly that. There is no way they survive a recession.
      Feb 11
  • Apple XWqB53
    TC 350 means total compensation 350k?
    Feb 101
  • AIG / Product
    Raging

    AIGProduct

    PRE
    Deloitte Digital
    BIO
    Counseling CxOs for AI-first strategy !
    Ragingmore
    As Chamath says, Ponzi scheme of VCs enables shitty startups.
    Feb 160
  • Apple XWqB53
    YOE?
    Feb 110
  • Quanergy Systems w52fg
    clueless founders!
    Feb 110
  • SendGrid girvssi
    stocks are very inflated making start ups not attractive.
    Feb 110
  • Amazon hisbnisns
    Do you count value of options in your startup tc??
    Feb 110

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