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by lumost
1732 days ago
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The funny thing here is that it makes running a startup/working at a startup relatively pointless. On average it’s probably about equal difficulty to convince the right person at a FAANG to invest in a pitch as it is to raise a series A. Except your more or less guaranteed to make ~1-2 million over the course of 4 years and you have a good option to make more via promotion. You Lone the opportunity to be your own boss and the possibility of extreme upside. But it sounds like VCs are taking that away as well. I wonder if any VCs have added options into the deal to increase founder equity later if company performance dramatically outperforms expectations. |
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You need high conformity and extreme inside the box thinking to thrive in FAANG. Conversely, you need essentially the opposite set of traits to be a successful founder.