For anyone else who's felt inclined to make a similar pivot - any advice? Particularly when it comes to remaining challenged, informed, and translating valuable hype-cycle concepts to people who don't care about hype.
While it's interesting to play with shiny toys, helping investors make money by creating products related to the hype-cycle de jour that get used by other B2B SaaS companies just feels soulless.
(My background is in GTM systems and data analytics mostly, but I think the question applies to anyone)
rossdavidh•4mo ago
The downside is they are unimpressed with refactoring, updating to new versions, and the like. The upside is they are ok with you using boring technology that works, even at times when a VC-backed tech company would insist on something new and overcomplicated.
Also, the pay is ok, but honestly it's not going to be as high as in VC-backed employers.
AbstractH24•4mo ago
Any advice on taking the best parts of working at VC-backed startups (outside of comp) and applying them to roles on Main Street?
dsr_•4mo ago
Some or all of those will come as a surprise to the people you are working for.
rossdavidh•4mo ago
al_borland•4mo ago
My job satisfaction has dropped dramatically. I found meaning in the boring stuff. The hyped solutions that will be thrown out in a year feel so meaningless.
This is all to say that not all Main Street businesses will appreciate the boring solutions. And if they do right now, things can and will likely shift at some point.
crystal_revenge•4mo ago
This, for me, has always been the deal breaker in moving out of VC-funded tech. Leaving corporate tech jobs is already a big enough hit to TC. Getting out of VC-funded tech very often means a dramatic change in life style. The VC world might be insane, but so is the comp.
It's not just the money. The biggest thing I've notice in my career is that, as a general rule, employers value you (or any resource for that matter) in proportion to how much they pay for you. Often people have the illusion that getting paid $80k a year when you used to make $300k will mean that your employer will recognize that you are a tremendous value. They won't. they'll see you and treat you as a low tier worker that can easily be replaced, has timed breaks and 30 minutes for lunch.
neilv•4mo ago
Sounds like the folk wisdom that, by default, employers/clients tend to only value you how much they're paying you.
If they had to pay a lot extra for you, the wisdom goes, they will imagine that you must have been worth it, and will take you more seriously.
If they paid bargain basement price for you, well, I suppose the same psychology applies.
(I was reminded of this folk wisdom last week, by a couple hints in an interview. It's a bit tricky to filter out startup employers who only want midrange commodity skillsets, when you're willing to take a lower salary in exchange for meaningful equity. While many of them are thinking of workers as generic commodities (and necessary evils, to the real stars who are the founders), and valuing these hires based on salary they are willing to entertain.)
itsme0000•4mo ago
If you follow American football it’s often said the best job on the team is the back-up Quarterback. Because they sit on the bench all year and still get to get a sizable check considering. Pretty much the position I find myself in.
hobs•4mo ago
itsme0000•4mo ago
hobs•4mo ago
moomoo11•4mo ago
The only people who make “actual” money at the average startups that exit (acquired or scrapped to PE) are founders, maybe the first 5 hires.
I’ve worked at only one startup. We IPO’d. I did pretty good and I joined a unicorn at like series B. Enough to go a decade figuring out what I want to work on next.
Most of my other friends went to work at other startups. Most of them went bust and they made nothing but their base salary (and a couple of them got screwed on that too).
So unless someone’s working at an actual unicorn like I was it’s really no guarantee.
FWIW I made 8x on my latest shares, and multiples on that on earliest. Some people I know who had been there a few years more than me walked away with many more Ms which ain’t bad for 6-8 years of work.
But that is SUPER lucky. It has sort of ruined my outlook too because I have no interest making 250k base + 200k RSUs, and I have zero interest in most of these current startups that I have a good hunch will not work out. And 400k isn’t that meaningful anymore, I’d rather live off interest or work as a barista if my own startup doesn’t work out.
matt_s•4mo ago
It doesn't sound too appealing if its 40-50% more total comp and 100% more work/stress and less time for myself plus random things like losing funding or startup goes bust and can't make payroll, etc.
komon•3mo ago
The "chance at making FU money" and "100% more work/stress" and "losing funding or... goes bust and can't make payroll", that's stuff that happens at startups that are paying _below_ the VC-backed market rate.
Once a company gets money to be paying employees in the third hump of the trimodal distribution of SWE pay, those "exciting" parts are long gone. You're no longer in the running to receive a hilarious amount of money should everything 10-100x, and you're no longer worried about going bust and not making payroll.
Even a pre-series A startup I worked at saw the writing on the wall with 5 months of runway left and switched from trying to get funded to finding an M&A deal. At the very least you can get the team acquired by someone in the expansion phase and get the rare chance to interview as a group and compare notes and have an exec try and negotiate your salary _up_ for once.
By the time a startup is paying VC-backed market rate, the level of stress you have just comes from the usual suspects: management, culture toxicity, etc. some of that you can absorb, some might prompt you to find a new job, just like normal.
There's still a level of "hoo-rah, we're a startup" present of course, but I just consider this a bad attempt to keep the magic of when the company and products were small alive. I let it affect me none.
crystal_revenge•4mo ago
_DeadFred_•4mo ago
If you are good at figuring out how to solve problems, your issue will be they will want to raise you up back to higher level stress positions, and it can be hard to resist being 'superman' and getting kudos again. Every $80k job I took after burning out I ended up leading a department or being a Director and pilling myself with stress again.
If you are just an $80k worker bee you will be treated like a worker bee. But you don't have to be that.
benoau•4mo ago
PTSD flashback of nobody having heard of Redis.