Engineers, joining an early-stage startup isn’t financially worth it!
Heard of someone hitting a jackpot by joining an early-stage startup and earning millions? Do you also get FOMO to work in an early-stage startup? Hold that thought for a bit.
I was once a founding engineer for a startup in healthcare space. I have worked in an early-stage finance startup. And I have helped founders during early-stages by organizing events, connecting them to the right people and helping them improve their products?
I will uncover the financial implications as well as the opportunity cost for an engineer in an early-stage startup. And how only the top 0.1% of the people win this game!
Building the right product which is a real pain-point in a market is hard. Really hard. It is also called product-market fit.
At this stage, sometimes founders have invested their own money in bootstrapping it, or found some initial funding from angel investors, family, friends or fools.
Typically, in a startup you are given a fixed salary and some equity. But equity is just a paper-money until a startup exits - either it goes public or another company buys it.
