Re:There’s no such thing as “a startup within a big company”
by ignoramous on Thursday February 18, 2021 @09:37AM
(#26180212)
> Equity is what builds wealth.
Comes with a lot of caveats, though [0]. Amazon and likely Microsoft, has made many people wealthy, too. The surge in BigTech stock prices over the years has been nothing short of extraordinary, and there's no indication of that slowing down as more enterprises move to the cloud and even more consumers take to the Internet.
Also, overworking like a start-up employee isn't necessarily what a start-up is about: A start-up's value is in its under-the-radar disruptive potential (that is, being dismissed by the incumbents as a mere "toy"). That said, a start-up must capture as much value it can (this is where working hard, being highly flexible, and moving fast likely matters) from the market it helps create, lest it be subject to irrelevance; but this part comes a bit later in a start-up's life, at which point (the start-up is no longer under-the-radar and investors are circling around it like bees) its stock-options wouldn't likely make an engineer "generational wealth" either (different story for executives) but would have to work hard anyway.
Comes with a lot of caveats, though [0]. Amazon and likely Microsoft, has made many people wealthy, too. The surge in BigTech stock prices over the years has been nothing short of extraordinary, and there's no indication of that slowing down as more enterprises move to the cloud and even more consumers take to the Internet.
Also, overworking like a start-up employee isn't necessarily what a start-up is about: A start-up's value is in its under-the-radar disruptive potential (that is, being dismissed by the incumbents as a mere "toy"). That said, a start-up must capture as much value it can (this is where working hard, being highly flexible, and moving fast likely matters) from the market it helps create, lest it be subject to irrelevance; but this part comes a bit later in a start-up's life, at which point (the start-up is no longer under-the-radar and investors are circling around it like bees) its stock-options wouldn't likely make an engineer "generational wealth" either (different story for executives) but would have to work hard anyway.
Read also: https://danluu.com/startup-tradeoffs/
[0] https://mashable.com/tech/2854/how-amazons-97-million-eero-a...