Why lot of people on blind are propagating faang
I see lots of posts here where people are asking to leetcode and get in faang. I believe if you are young and specially in a country like india you must not join faang at all and instead do a startup. Lemme tell a short story here. I once worked with 2 bright young guys in bangalore while i moved to inv banking and us they turned down offers in faang companies to do a startup. Last i heard they sold their startup and are millionaires. They turned down an offer to buy groupon as it is a dead company. Currently they are VCs investing in startups. My personal though is faang is good for h1bs. Whats your take on it.
FAANG is great for credentials and learning but if you have the drive to execute and a decent background that gives you a solid foundation you can probably do better faster outside of them. Especially Google which is just a gigantic company
People tend to go towards what they value. TC, WLB, interesting problems, etc. Most of those can be found in many different places, but especially FAAANG companies if you join the right team.
So you have zero first-hand idea of startup life, your only exposure to that world is 2 guys you once worked with. And yet you’re here, advising young people, that $300k liquid per year (fyi that’s over 2 Crore inr) is somehow less desirable than paper money?
First i have done a startup and threw away my code which at one point was better than the website of surveymonkey when it was built by an intern. I threw it only because of this mentality of 300$ that i had at that time. Yes i am advocating that bright young people with confidence and risk taking ability should do startups and once they do it these faangs etc will be piece of cake for them to join as they will get so much exposure when they do their own stuff.
Its not about money always, I like WLB, security and culture
Yup those are key factors for sure. If people have crazy competitive drive and love the cutthroat atmosphere, then faang or any big company is not for them and startup makes more sense
Sorry but i dont agree. Startup is not always about money , sometimes it about building something of your own yourself and turning a business around it. Wlb, security etc come at a cost for e.g. google sells adsense and gmail...both were brainchild of paul buchaneit but he seldoms get credit for that, for wlb, security etc. he exchanged his brightest ideas with them. Same is the story for ipod that was the brainchild of an engg mgr inside apple.
I think I agree with your underlying point but disagree that it is for everyone. If you are passionate about an idea, can go full throttle on it for a few years in a row, while being ok with the opportunity cost you should absolutely do a startup. But you have to be ok with the risk. And that's the key, almost everyone is risk averse and that's why FANGs offer a high TC way of life without comparable risk. Should everyone go one way or the other? Nope, it is for an individual to decide, we are no one to prescribe. And speaking of anecdotes, I have a few friends who ended up building and selling companies after making like 20-40k net for 5-10 years. After VCs taking their share etc, they were left with a few mill, but they continue to be super happy with the experience. Why? Because it was an idea they were passionate about and built it from ground up.
Faangs also do it coz they dont want these bright folks to go outside and challenge them....its cheaper to build a product in house then to buy it from ouside...khoj was a search engine in india 15 years back and indian govt didnot support them else they would have challenged google like baidu...google setup office in india and hired these folks... I am also sayimg that startups are not for everybody but blind give so much pref to faang that i why i started thus thread
I think you overestimating the percentage of folks who can build something of their own given the risks and sacrifices. Great ideas are a dime a dozen.
So on one hand you advice against joining fang for people in places like India. Then you say that fang is good to get h1bs 🙄🙄🙄
How about FANG -> Mid/Late stage startup u like -> Make enough to buy a house and have savings for 2-3 years -> Start a startup or join early stage startup u really like.
You are right thats also a good view point
If you are genuinely super smart (read Prodigy) then no need to attend even college. Start on your own. Zero downside and exponential upside. Otherwise, startup is a risky proposition. Money wise probability is pretty high(in Indian context) that your FAANG colleague would have earned more than you in next 10-15 years. Probability of success in startup becomes quite higher if you start in your late thirties after some good experience in your industry. And in the end, it is all a generic thought. Reality could play out differently.
Chase wants to be the new Albetsons
You're right, faang hype is overrated and outdated. Starting tc at Albertsons is 1M+. At L5, they give you 100M to start your own VC firm.
I love this meme
Can you elaborate Albertsons?