Being an early employee at a startup is almost always a terrible decision financially. Great if you: - Want to start your own company - Want to learn a lot and grow ...That’s about it.
Show this thread
-
Sounds like a perfect argument. So why isn't everyone starting a company?
-
-
The 1st employee bears about the same risk as the founders but gets 1/40th the upside, need to pick an unicorn to cash out >1M. VCs can spread out their risk with companies, early employees cannot, and I assume no better than VCs at picking winners.
-
The first employee has the same risk as the founders at the point they join the company, but the founders started earlier when the risk was much greater. The point where they hire employee #1 is like a minute after the big bang. The universe is already enormous.
- Show replies
New conversation -
-
-
Disagree. Few have access to initial capital that makes up for losing all of their security net from their day job, and few can live in the places where additional capital can be obtained easily- it’s too far and too fucking expensive.
-
The erosion of the financial stability for the middle class has eaten away the ability of experienced workers to become entrepreneurs. It’s a young and rich person’s game.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.