Startups can be huge successes personally and financially, but there’s definitely risk.
Startups can be huge successes personally and financially, but there’s definitely risk.
Nothing wrong with entrepreneurship. I just find it grating when the benefits are expounded by people who take the exact opposite deal, in terms of asymmetric risk.
My response was in the context of being an employee. I was an employee at a 5,000 person consulting firm in Australia when the financial crisis hit in 2008 and I had more fear losing my job then then when I moved to recession-plagued America in 2009 to work at a search-engine startup (and Australia has been one of the strongest economies in that period since). In fact, I was paid more (in salary, not counting options), given more responsibility, and enjoyed life more.