Work For A Startup, Or Not?
Being an early employee at a startup is almost always a terrible decision financially. Great if you:
– Want to start your own company
– Want to learn a lot and grow…That’s about it.
— Sahil Lavingia (@shl) March 27, 2019
First employee at a startup gets about 1-5% over four years.
Second: .5-2%
3-4: .25-1%
5-10: .1%-.5%Less if you’re not an engineer or a designer.
By liquidity, it’ll be cut in half by dilution from future funding rounds.
— Sahil Lavingia (@shl) March 27, 2019
You’re conflating a choice being likely to fail and being a bad decision. The former is not the latter if the expected value is high enough and you can bear the risk.
— Paul Graham (@paulg) March 27, 2019
I thought this whole thread was an interesting string on Twitter. Sahil Lavinga was #2 at Pinterest. They are doing an IPO. He had some thoughts about working for a startup. Investors pushed back. It was a nice repartee and I’d encourage anyone to read it.
When we think about encouraging people to go work for startups, we should keep in mind that everyone should have the opportunity, but not all will make that choice. Be comfortable with whatever choice someone makes. Sometimes, people want security. They need the structure a corporate job gives them. Other times, people want the startup life which can be chaotic depending on the stage.
Source: http://pointsandfigures.com/2019/03/28/work-for-a-startup-or-not/
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