I want to evalute if joining a startup makes sense. I have mostly worked in faang.
I see people here applying some frameworks to find the risk vs rewards potential.
What're the ways to figure out if a startup is worth joining? I understand it's a subjective question, so the actual question is what're the objective metrics we can look at to know about a startup s health?
I am trying to think some other metrics
- like in that particular industry how other companies do?
- what are the different rewards vs risk ration at different stages of funding?
- at what stage of funding it's pure gamble and at what stage it becomes low risk and low rewards
- Is there a way for us mortal employees to find the next Stripe or a startup where I can expect its valuation to grow 10x with lowest risks or 100x
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comments
- find top venture capital firms
- view their portfolio
- apply to all of the companies
- hit up the recruiter at the VC firm. they might have other companies that arent listed on their website (stealth or preseed)
That way you are joining a company that has been heavily vetted, has good money and amazing connections.
In almost all cases itβs not
Youβll typically either break even or make less money than you would have staying at FAANG.
However being rational 100% of the time is a boring way to live. Worst case scenario is youβre out $100k or so in equity. Nbd. Best case scenario you can retire
You donβt need to talk to someone to figure that out. Itβs on you. Either you can stomach this or you canβt.
If joining a startup is like playing poker, I am trying to understand the game of poker. That's all