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by johnthealy3
4657 days ago
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The article talks about startup founders having low risk because of money and stability, and that's absolutely true in my experience (especially of people who jump into startups immediately out of college). What the article fails to mention, and I think is just as important, is that the RELATIVE risk of the startup lifestyle continues to decline as traditional, "stable" jobs slowly become a thing of the past. I'm part of a small (but growing) freelancer agency, and when I try to convince others to join my firm, relative risk is a large part of my pitch. When the "safe" option is to work at a bank or consulting firm, is it really all that safe? Many students think so, but have to be reminded that some of these firms average less than two years of tenure per new employee. Large tech companies have been somewhat safe over the past 5-10 years, but still put you at the mercy of corporate-scale layoffs that may have more to do with your product and the company's finances than your skills. In a startup or small company, the risks are much more upfront and come with corresponding compensation, usually in the form of equity with growth potential. Large companies typically do not reward their employees for the risk they assume, because there is a perpetuated assumption that they provide a high level of security. So if we're all forced to bear a high level of risk, at least we should be compensated for it. |
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