Sure it can be fun to follow a crazy founder into the depths of hell but I often wonder if the broad and multi faceted job skills are actually transferrable. The comp obviously sucks. The equity is a 95% fake promise. Have we all fallen for a VC marketing scheme to take the best and brightest to chase a new carrot?
What are googlers thoughts on getting 3m nw in 5-10 yrs: Stick with goog making 350k+ tc Join startup with 1%+ equity package which is huge
What's the risk adjusted return on that equity Hint: almost 0
% actually doesn’t matter that much it’ll get diluted down the road. Better rule of thumb is join at Series A : 10x the valueor more B : ~5x C : less than 5 times And so on IF successfully Exit. comment above by vimner already Hinted the probability of successful exit.
over rated how? we know they suck.
startups are trash, unless you are brought in as a senior hire its a scam or a way to get your foot in the door of an industry. would never again touch a startup with a 10 foot pole if i wasn't VP level or it was a sure thing (extremely late stage like 1-2 years tops from IPO with solid mgmt and really high comp package for me)
I've worked for three large corporations and 4 startups in my 20+ year career and (in my opinion) all companies have their problems, period. However, your role plays a big part in your experience and, most critically, your manager. One of the 4 startups was run well, all the others were shit shows. The large corporations delivered more cross-functional support, which was helpful, TC was better, better benefits, but you won't learn as fast and it wasn't as easy to do something new. As a general statement, my preference is for Series B-C-D companies, because they are growing, have better benefits than Series A/Seed stage, and you still have some input into defining your role. Hope that helps.
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Yes if you are not a co founder the chances are high you will be overworked and underpaid for many years. However you will learn a lot more than being at a public company.