Hey Eloff, after 4 failed startups from 2012-2018 - I've joined another late-stage high growth startup. Thanks to stock options I ended up having 7 digit wealth in 2 years
If I exited with 7 digits and still wanted to work i would think thats a major life failure.
Working at startups is not the way to wealth (i worked at too many). Goodluck and networking will get you there much quicker then hard graft. Thats how the majority of the winners come about. Getting lucky out of the blue, thats a totally different game. You idea could be the best, but because you couldnt market it, its a nothing burger. Do you want your kid to grow up around a stressed out shell? or a WFH dad who can spend their timing growing with their child?
I this guy sounds like me; my honest opinion is u can get a job, and still work on your side project. The guys i know who made it at our age, well they are telling me they wish they wernt that successful because its so much more stress. Being responsible for employees is a totally different game to SWE. It changes you.
> 7 digits and still wanted to work i would think thats a major life failure
Hey I love coding, tech, AI and I'm passionate about it. So Creating a software others use, make me so happy. Having a small team of people, who can grow with me is the other aspect which excites me.
That's a great success story and I'm happy for you. But it's not really an actionable advice. How would one go about identifying a late stage startup that will have a 7 figure exit?
Went through all worldwide & Ycombinator startups which are high growth. Registered at Workatastartup. Used https://kennytilton.github.io/whoishiring/ to see what they are searching for.
Chose 10 companies with positions where I have very strong hard skills. Interacted with the particular company's product. Wrote a nice paragraph on ideas how I can contribute.
Eloff I'm not as special and indeed you are. What I mean is, you can pause your being the founder idea for 3 years and jump on someone who found high growth. One way for you could be to join some database, postgres startups. Join their open source projects and get ideas from the team.
Well I don't know about special. It's good advice though, and your strategy for how you did that is quite actionable. It's still a lottery, but you did things to skew the odds heavily in your favor, which was smart.
Working at startups is not the way to wealth (i worked at too many). Goodluck and networking will get you there much quicker then hard graft. Thats how the majority of the winners come about. Getting lucky out of the blue, thats a totally different game. You idea could be the best, but because you couldnt market it, its a nothing burger. Do you want your kid to grow up around a stressed out shell? or a WFH dad who can spend their timing growing with their child?
I this guy sounds like me; my honest opinion is u can get a job, and still work on your side project. The guys i know who made it at our age, well they are telling me they wish they wernt that successful because its so much more stress. Being responsible for employees is a totally different game to SWE. It changes you.