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JordanTSack's profile
Jordan Sack
Jordan Sack
Jordan Sack
@JordanTSack

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Jordan Sack

@JordanTSack

Fmr Threat Analyst, Social Network Analysis, Trader, Technology, Philosophy, Bitcoin, Economics

Theatre of Envy
medium.com/jordan-t-sack
Joined May 2018

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    Jordan Sack‏ @JordanTSack Oct 12

    Thread: Analysis of Startup's as an Employer Please read these warnings if you are considering working at a startup. These warnings are generalizations, and I understand they do not apply to every startup.

    11:31 AM - 12 Oct 2018
    • 13 Retweets
    • 35 Likes
    • SkywalkerMcfly Daisy Sokerova Alexander III {What is your tribe} Sagar ? Rodri Fernandez Touza NickC Marvin Liao scaloni Kinyua
    4 replies 13 retweets 35 likes
      1. New conversation
      2. Jordan Sack‏ @JordanTSack Oct 12

        The startup is not interested in the employees professional growth or career trajectory.

        2 replies 3 retweets 4 likes
        Show this thread
      3. Jordan Sack‏ @JordanTSack Oct 12

        The startup prioritizes user acquisition in the same way a large corporation prioritizes profit.

        1 reply 3 retweets 4 likes
        Show this thread
      4. Jordan Sack‏ @JordanTSack Oct 12

        The goal of startups is to be bought out by big tech.

        2 replies 2 retweets 4 likes
        Show this thread
      5. Jordan Sack‏ @JordanTSack Oct 12

        The startup does not offer a 401k match.

        1 reply 1 retweet 4 likes
        Show this thread
      6. Jordan Sack‏ @JordanTSack Oct 12

        The startup faces immense pressure from VC's and is completely dependent upon external financing.

        1 reply 2 retweets 2 likes
        Show this thread
      7. Jordan Sack‏ @JordanTSack Oct 12

        The startup is always operating at a loss.

        1 reply 1 retweet 2 likes
        Show this thread
      8. Jordan Sack‏ @JordanTSack Oct 12

        The startup rarely gives equity to employees.

        1 reply 2 retweets 2 likes
        Show this thread
      9. Jordan Sack‏ @JordanTSack Oct 12

        The startup rarely gives options to employees. If it does, there is a clause in your contract that says you can only sell if the company goes public.

        3 replies 2 retweets 3 likes
        Show this thread
      10. Jordan Sack‏ @JordanTSack Oct 12

        No one at the startup is actually aware of how equity or options function.

        2 replies 1 retweet 4 likes
        Show this thread
      11. Jordan Sack‏ @JordanTSack Oct 12

        The startup uses this asymmetric information gap to lead employees into thinking their compensation is higher than it actually is.

        1 reply 1 retweet 4 likes
        Show this thread
      12. Jordan Sack‏ @JordanTSack Oct 12

        Less than 1% of startup's go public.

        1 reply 1 retweet 3 likes
        Show this thread
      13. Jordan Sack‏ @JordanTSack Oct 12

        Startups scale by hiring externally instead of promoting internally.

        2 replies 2 retweets 3 likes
        Show this thread
      14. Jordan Sack‏ @JordanTSack Oct 12

        VC's often invest in hundreds of startups, giving little time or energy to each specific startup. The startup is a part of a speculative industry bet, not a company specific bet.

        2 replies 1 retweet 4 likes
        Show this thread
      15. Jordan Sack‏ @JordanTSack Oct 12

        Many startups are side projects of people from big tech, whose livelihoods are not dependent upon success, leading to a skin in the game problem.

        2 replies 1 retweet 4 likes
        Show this thread
      16. Jordan Sack‏ @JordanTSack Oct 12

        Employee turnover at startups is massive.

        2 replies 2 retweets 3 likes
        Show this thread
      17. Jordan Sack‏ @JordanTSack Oct 12

        Massive turnover leads to lack of accountability.

        1 reply 2 retweets 3 likes
        Show this thread
      18. Jordan Sack‏ @JordanTSack Oct 12

        A lack of accountability leads to a lack of a unifying narrative.

        1 reply 2 retweets 3 likes
        Show this thread
      19. Jordan Sack‏ @JordanTSack Oct 12

        A disjointed narrative forms around the self-serving interests of middle managers.

        1 reply 2 retweets 4 likes
        Show this thread
      20. Jordan Sack‏ @JordanTSack Oct 12

        High turnover leads to a justified individual selfishness.

        1 reply 2 retweets 2 likes
        Show this thread
      21. Jordan Sack‏ @JordanTSack Oct 12

        Individual selfishness leads to a cutthroat environment.

        1 reply 1 retweet 3 likes
        Show this thread
      22. Jordan Sack‏ @JordanTSack Oct 12

        A cutthroat environment exacerbates the employee turnover problem.

        1 reply 1 retweet 2 likes
        Show this thread
      23. Jordan Sack‏ @JordanTSack Oct 12

        There is no career stability at a startup.

        1 reply 1 retweet 3 likes
        Show this thread
      24. Jordan Sack‏ @JordanTSack Oct 12

        CFO turnover at startups is massive.

        2 replies 2 retweets 2 likes
        Show this thread
      25. Jordan Sack‏ @JordanTSack Oct 12

        Startups invent new positions to give jobs to the friends of executives ready to cash in on securing VC funding.

        2 replies 2 retweets 5 likes
        Show this thread
      26. End of conversation

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