Crash course on joining startups πŸ”Ž

Uber
ETYo55

Go to company page Uber

ETYo55
Jan 25 8 Comments

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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TOP 8 Comments
  • If you want to work at a startup, then i recommend taking this approach

    - 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.
    Jan 25 5
    • Amazon
      WJnO47

      Go to company page Amazon

      WJnO47
      Agree with Pinterest. You’re trying to build a mental model to convince yourself that joining a startup is a rational decision

      In almost all cases it’s not

      You’ll 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 you’re out $100k or so in equity. Nbd. Best case scenario you can retire

      You don’t need to talk to someone to figure that out. It’s on you. Either you can stomach this or you can’t.
      Jan 25
    • Uber
      ETYo55

      Go to company page Uber

      ETYo55
      OP
      I agree πŸ’―
      If joining a startup is like playing poker, I am trying to understand the game of poker. That's all
      Jan 25
  • Google
    fJHP05

    Go to company page Google

    fJHP05
    The higher the upside the riskier it is. So no, no reasonable way to find a 100x which is why VCs invest in bunch of startups that fail all the time. I'd say if you want you do startups, you should do it because it's in an industry you're passionate about, because it's not gonna be worth the financial sacrifice 99% of the time.
    Jan 25 0
  • Meta / Eng
    CorpDrone9

    Go to company page Meta Eng

    CorpDrone9
    Interested too
    Jan 25 0