Startup L. Jackson
startupljackson.com · Personal blog · on HN since 2012
Startup L. Jackson is a pseudonymous blog on startups, venture capital, and tech careers, known for "How to get rich in tech".
What HN saysHN treats "How to get rich in tech" as the classic post on FAANG versus startups. It argues a stable big company is the better risk-adjusted bet.
15HN people shared it
2linked it in comments
14stories submitted
495story points
5 years agolast shared
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What HN people wrote when they linked it
swyx · 2021-09-30
Here's the classic post on the FAANG vs startups debate, for the uninitiated https://startupljackson.com/post/135800367395/how-to-get-rich-in-tech-…
>If you want to get rich, your best bet on a risk-adjusted basis is to join a profitable and growing public company. Google for short. Make $200-500k all-in a year, work hard and move up a level every 3-5 years, sell options as they vest (in case you joined Enron), and retire at 60, rich. This plan works every time.
benmathes · 2016-11-14
Yes. Nobody who understands the risk-adjusted rewards of startups does it for the money. Best odds of getting rich? Go work at Google and bank your check/bonus. At best, startups are a faster way of getting experience. [1]
Employees don't even know they are making that bet, though! Most don't even know the details of what they are getting, let alone how to evaluate it. I've been working with AngelList to help fix this, much more coming very soon.
[1]: http://startupljackson.com/post/135800367395/how-to-get-rich-in-tech-g…