this post was submitted on 20 Aug 2023
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The con is that your startup could die tomorrow
Yep. It's high risk high reward.
If the markets are well regulated and competition is fair, you always have four options when you’re employed somewhere:
-be happy where you are
-be unhappy and whine about it on lemmy
-be unhappy where you are and join another unhappy people to fight for your rights
-be unhappy where you are, think you can do better than whoever is the company’s manager and make your own business
Your ability to do so is heavily dependent on the amount of Capital you have, which in most cases is a factor of generational wealth.
Yeah that's socialism!
Correct and usually what's recommended is that people should switch jobs every couple of years for a 15-30% hike. Your existing company won't give it, but if you shift, there's a high chance you will get it every 2 years - until it plateaus.
I went into a startup job. It's not a con because everyone knows that your job is less secure, and employers have to figure out how to incentivize their employees to be willing to stick around. Absolutely zero people were under the impression a startup job would be secure in the long run.
If you're in a good startup, it can be a great way to take some of that venture capital funding as your wages. If you're in a bad one, at least job hopping isn't that rare so you can just move on to your next job and it's a normal thing.
Our world is shaped by those capitalists, but that doesn't mean these jobs are a con.
That means now there is enough money to start two more