666 karma · joined June 19, 2021
For me and many tech yuppies in SF, life revolves around work; Friday nights and Saturdays are for brunch and letting loose; Sundays are for the Sunday scaries, dreading the next day
SF was my first love: the water, the people, the energy, even the weather; over the years, it's become a shell of its old self. Crime, poop have all gone up. Government is completely incompetent. Never thought I would move out, but I have recently
Still a great place to start a career in tech because of the high-density of smart people. But also a weird place to be because some of your friends cash out big time with 7-8+ figures (https://topstartups.io/startup-salary-equity-database/); others toil away on the corporate ladder. It's a stark reminder of how people's lives can diverge depending on where they work
I try not to compare myself to others, but it's sort of impossible when you're living within a few miles of everyone
With that said, I think it also helps to diversify your portfolio of meaning. Sounds like you identify "summit" and "zenith" as the latest happenings in your career, but depending on the season of your life, there will always be different ups and downs.
Found this article useful: https://every.to/superorganizers/against-ikigai
Also helps to take a few days off here and there to get it all done, even if you're working remote
Esp for engineering, new grads will regularly make $150K+ in base plus equity: https://topstartups.io/startup-salary-equity-database/
2. $$ to grow business
3. Founders sometimes gets to take money off the table (example: Clubhouse founders made millions in their seed round)
4. Easier to hire talent because your name gets out: techcrunch, crunchbase, topstartups.io
Found the individual, their attitude and work track record were better signals for fit than FAANG vs. startup dev.
This site might be useful for attracting the right candidates: https://topstartups.io/
Particularly true at early-stage startups: https://topstartups.io/startup-salary-equity-database/
They didn't want it enough. More specifically, the exchange of benefits for the cost was not clear enough
I think this message applies especially to people working in big tech and/or people working primarily on salary, not equity.
When you have equity in a startup though, each person doing more of their best work can actually make a massive difference to the trajectory of the business. And if you're working on a promising business, working better and faster is the highest ROI thing that can be done.
So it all depends.
That's pretty amazing, wonder if that applies to equity too. Most startups that are transparent about their metrics still don't share comp. If they did, I'm sure many people would be shocked at the variance: https://topstartups.io/startup-salary-equity-database/
Wave, if you're reading this, keep it up! Some of these principles will unfortunately break under the strain of a bigger company but stay nimble as long as you can
I suppose predictability in liquidity is useful, but wonder if price per share will be lower than preferred price. And could incentivize startup to delay their IPO even further?
Having the option for faster liquidity is a huge plus though, especially for people who have multiple millions and want to take some $ off the table: https://topstartups.io/startup-salary-equity-database/
Also, building a better version of X is usually less promising than building the first version of Y. Especially when X is pretty well-executed.
Most top startups I see are carving out their own niche: https://topstartups.io/
I'm interviewing with some startups right now, found this site helpful for anyone in the same boat: https://topstartups.io/