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by cbzink000 4052 days ago
When I joined my first (and only) startup, I promised them I would be there for a year. At the end of that year, if I didn't feel my career wasn't headed anywhere (raises, stock options, etc) then I would head back to fintech.

Almost exactly one year, one month later I left the company with no promotions or stock options in sight, although the workload and my duties were significantly larger than we agreed on.

In addition, that year made me realize that I had absolutely no passion for the work I was doing (automotive industry) and while the startup culture looks glamorous, it's far too stressful in the end and negatively affected my emotional and physical health.

I'm back in "big corporate" fintech and happy to say I was able to bring a lot of what I learned in the startup world back with me. I've been advancing my career far faster than I would have done in the land of startups and now own a significant amount of stock in my current company.

1 comments

This aligns with Reed Hoffman's "tour of duty" philosophy:

https://hbr.org/2013/06/tours-of-duty-the-new-employer-emplo...

Basically, a manager and employee agree to work on a particular project for a set period of time. At the end of that period of time, the employee is offered the option of switching to a new kind of project or leaving. If an employee leaves between tour of duties, it is considered a respectable departure and they receive the full support of the company in terms of referrals and positive reference checks.

I wish that more startups treated jobs as tours of duty. Your case highlights how having such an agreement with your employer could have been more mutually beneficial.

> I wish that more startups treated jobs as tours of duty.

Is that even feasible for startups? I guess it depends on size and stage, but I imagine most startups don't have their mission and product to a solidified-enough stage where they can think in year-long phases...or to even have more than one major project in which a year-long engineering tour is possible.

No, it's definitely not feasible for a startup. Contracts are very common in a lot of jobs, but the friction they generate don't make sense in a startup. That's why you get all that startup equity, to deal with that risk.
"[A]ll that startup equity" for normal employees is typically sub 0.1%.
So your arguing for enforceable contracts that neither side can get out of easily? Ie sign for 7/12 or even a lifer at 20 years

You do know that military's that use thease systems have some rather nice tax and benefit perks that civilians wont be able to match.

My understanding isn't that it is a legally-binding contract, but that you basically trade positive reference checks should an employee leave in exchange for predictability in when they leave.
So they are basically offering nothing no one sensible ever gives anything more as a reference than

"mr/ms x worked here from date to date"

For fear of some manger having rush of blood to the head and leave a company open to a law suit.

What's in it for the employee?