January 14th, 2016
In Business
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If you enjoy this article, see the other most popular articles
If you enjoy this article, see the other most popular articles
If you enjoy this article, see the other most popular articles
Startups don’t make you rich
(written by lawrence krubner, however indented passages are often quotes). You can contact lawrence at: lawrence@krubner.com, or follow me on Twitter.
His thesis: the meme that startups will make you rich is false. I’ve written much of the same thing before, so I agree with Dan.
My question is why more engineers don’t realize that being an employee at a startup usually means getting financially screwed. My theory: there is a cult like atmosphere surrounding silicon valley.
I’ve had countless friends who fell into the trap, and I fell into it myself.
Founding a company is the only thing that makes sense, and even then, your chances for success are much lower than you think they are.
I left Google to found startups for 2.5 years. I remember reading TechCrunch before I left, and I remember being consciously aware of how I was only reading the success stories, and that I couldn’t see all the people struggling and failing.
Even being consciously aware, I was still surprised 2 years later when my founder and I had to crawl back to the big companies we left with our tails between our legs. We had a rockstar team with backgrounds from top tier companies and engineering schools, but no aqui-hire materialized out of thin air like I thought it might. We built kick-ass technology, but nobody was interested.
Granted, we were entitled, and we did 1000 things wrong. We didn’t have a very good network, and we lived in the wrong places. My point is that we had blatantly wrong expectations.
Post external references
- 1
https://thinkfaster.co/2015/12/beware-of-the-silicon-valley-cult/
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