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by crdb 3541 days ago
> It's all about people who've seen how absurdly rich you can get

Yes and no. As is often bandied about, the expected value of a career in startups is lower than in many other fields, and yet people do stay after seeing through the myth.

A large part of it, at least that I've observed, is the energy, speed of execution, rapid change, the excitement and adventure of the startup world. You willingly give up expected value in exchange for a more interesting life. The stress is part of the fun, the person it moulds you into is something that becomes part of your identity. If the personal risk wasn't real, it wouldn't be fun. The man in the arena etc.

2 comments

>Yes and no. As is often bandied about, the expected value of a career in startups is lower than in many other fields, and yet people do stay after seeing through the myth.

Hence, "Lottery".

I can backup these claims via a third party testimony. I had a friend who worked at Microsoft Redmond for many years and grew tired of the operations a big Juggernaut company and how it can be wasteful and less daring and all the other undesirable behaviors that deep pockets can afford not being in a state of survival. He hopped ship over to LinkedIn to experience a more daring startup lifestyle. According to him it's added a great deal more meaning to his work life. I guess he'll see how things steer under Microsoft's sailing.