To me, the only benefit of joining a startup is in startups you're usually given tasks for which you're not qualified for. But I wouldn't join a startup if startup doesn't offer me compensation package (salary + stock option) at least at market average.
Ask HN: Pros and cons of working at a startup in 2019?
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Re: Ask HN: Pros and cons of working at a startup in 2019?
#32If you want to stay an individual contributor, and can get into one of the famous companies, then I would say there is not much advantage working for a startup today.
Re: Ask HN: Pros and cons of working at a startup in 2019?
#33Earlier quoted context omitted.
Why did you work there for 3 years? Was there any particular reason why you accepted bad terms?
A bunch of possible reasons: - A lot of people don't know what they are actually worth and undervalue themselves - or they do not understand the caveats of things like dilution and classes of stock - or they were offered stock in units of shares without knowing the valuation - or they accept a job and relocate to the Bay Area from a reasonably-affordable place and mistakenly think that a $100k/year salary is hitting…
This is true for a lot of people I talk to. It seems very odd that there's not more compensation transparency from these companies, because I know several people who would have jointed FAANG if they knew what they'd be making 3-5 years into their career.
Re: Ask HN: Pros and cons of working at a startup in 2019?
#34There are 3 potential reasons to join a startup: 1. You're the founder 2. You have no other choice 3. You think it'll be fun Just switch-case that.
Re: Ask HN: Pros and cons of working at a startup in 2019?
#35Re: Ask HN: Pros and cons of working at a startup in 2019?
#36Pros:
1) Startups are still more willing to hire people with "nontraditional" backgrounds into technical roles. English major who bootcamp'd or self-taught yourself coding? Never attended college? Most startups aren't going to turn their nose up at you.
2) Assuming the company has product-market fit (or is nearing it): A great way to gain a holistic understanding of how software is made, delivered, consumed, and ultimately changed based on market response. This is both a technical and business learning experience.
3) You won't be pigeon-holed, as everyone has to wear more than one hat in startup land.
4) Doesn't apply to everyone, but if there's a particular niche you're into, it's much easier to get hired by one of those niche's startup's than to join a bigger tech firm and then hope you get assigned to one of those groups (which are probably highly competitive and extremely sought after... so good luck with that.)
Cons:
1) They fail, sometimes spectacularly
2) They often operate at such a small scale that you'll never encounter entire classes of interesting technical challenges
3) If it's early stage: You will ship crap code. Constantly. Can be frustrating if you're a perfectionist or even just looking to push your craft forward
4) Equity offers are stingy, but even if they weren't, it can take 7-10 years for a big exit. Will you stick around long enough?
5) Because these companies are small, any toxic people in the org will feel omnipresent
6) There are now some fairly active "problematic" investors (Saudi Arabia). You may not like the idea of taking so-called "Blood Money"
Re: Ask HN: Pros and cons of working at a startup in 2019?
#37Earlier quoted context omitted.
Why did you work there for 3 years? Was there any particular reason why you accepted bad terms?
A bunch of possible reasons: - A lot of people don't know what they are actually worth and undervalue themselves - or they do not understand the caveats of things like dilution and classes of stock - or they were offered stock in units of shares without knowing the valuation - or they accept a job and relocate to the Bay Area from a reasonably-affordable place and mistakenly think that a $100k/year salary is hitting…
1. Short of being friends with co-founders have you ever had a company actually share dilution/classes or cap tables with you? They flat out refused and still refuse despite having worked there for a while
2. It is somewhat common knowledge what FAANG salary bands are, but how does one value themselves across different stages of startups and expected salaries/stock?
3. How do you know if the founders have ill intentions? I've heard horror stories, but short of the founder being a serial entrepreneur with a history of public exits, arent you at the risk of a slick-talking ill-meaning founders?
Re: Ask HN: Pros and cons of working at a startup in 2019?
#38It depends what your alternatives are. This thread will fill up with comments saying start-ups won't pay as well as Google et al, but that's only relavent if you can get hired by Google (and you want to be). Comments that state "start-up wages are less than the best paying tech jobs" aren't very useful. If you can't get a job at Google then you need to compare a start-up role with a job you can get. If that's a junio…
Start-ups are just other businesses. The relevant pool of peer companies to consider for salary benchmarking is all other companies your desired candidate might work for. Nobody cares about the funding situation, age, cool new tech, meaningless options, or meaningless job titles. You just have to pay competitive market salaries and benefits, period.
Re: Ask HN: Pros and cons of working at a startup in 2019?
#39Start ups will give a chance to junior with a weak resume if he/she can demonstrate skills. You may very well end up with a mission above your skill set as well, and grow because of the challenge and responsability. Less bureaucracy and smaller size also mean a quicker hiring process, direct access to most interesting people in the company and a wide overview of the entire product.
Re: Ask HN: Pros and cons of working at a startup in 2019?
#40I do startups because I have a problem communicating my ideas in a way to influence larger organizations to do the things that interest me. Simple as that.
If I have a theory to move the needle, in a startup, I can do it, analyze it, and launch it with very little buy-in, although my impact to an industry may be less. In a BigCo, my impact on the industry may be more but the battle isn't about product-market fit, it's about corporate alignment and buy-in before I can even test product-market fit, which I just don't enjoy.