Re:Why to Start a Startup in a Bad Economy (2008)
by scarface74 on Saturday May 14, 2022 @09:56PM
(#31384579)
I took the route of working for a public $BigTech company. My RSUs for the year might be down 33% YTD. But at least they are will be worth something and I can diversify as soon as they vest.
Re:Why to Start a Startup in a Bad Economy (2008)
by DragonStrength on Sunday May 15, 2022 @12:41PM
(#31388751)
Yes, I think those at larger tech companies are in a fine position to stay put. Those who are questioning whether it's for them or not just have other good alternatives now, which aren't lottery tickets. A startup can still be a conservative choice in this environment when considering the whole picture, which is what I felt was missing from the above. There are certainly many ways to be financially conservative right now.
Yes, and the good new is these companies have been paying significantly more cash in the last few years. It may not be enough to justify moving or staying in the Bay Area, but many small companies are paying the same remote, which seems like a better deal than the big tech companies in the short term, if you're looking to cut costs while their equity is down.
There's a lot of bad jobs out there right now, but if you're not in a gambling mindset, there are some good opportunities to improve your overall financial position.