I've been employed in 8 start-ups throughout 20+ years of my software engineering career. 7 of them failed, 1 made an exit, was sold for $600M. My title was Senior Machine Learning Engineer, I'd been working for 2+ years for this company. My piece of the pie (vested stock options) was $10K, less than my monthly salary. So, from the personal experience - no, they won't make you a millionaire. You have a waaay better chance to become one by working for a corporate with RSU, ESPP, and all that.
I once interviewed a startup company and one interviewer was exactly like this. Continuously working at startups back to back to back, but going through the list of companies he’s worked for on LinkedIn, all of them failed.
@@dwdzmk some arbitrary number, you don't know how many options are out there in total even if you can estimate the evaluation of the company (which is not always the case either).
I think it's a shame that they aren't active in the comments. It's like they put this out there to sell their sh** and network and be visible in the industry. When I first started watching I saw them reply to comments occasionally, but for a podcast series on something like this, it's quite disappointing.
A few others worth considering: - Ramp (~7.7B). Explosive growth since being founded in 2019, but probably less upside right now as a result - Vanta (~2.5B) - Watershed (~1.8B) - DeepGenomics (~1B) - Captions (~500M)
Love this. Worth mentioning that this is still possible, though prob less likely, at a public company. Ex. PLTR is a company that could 5x in 5 years. The plus is that your equity is liquid vs. having to stick it out for a (non-guaranteed) liquidity event at a private co. The happy middle is a place like OpenAI that has semi-regular liquidity events from what I can tell.
One great tip is to see the time between funding rounds. Recently Thomas Laffont shared at the All In Summit that today the average time is 800 days, at the top of the market it was
My favorite episode, plus I laughed harder and more often the whole time. I don't ever watch TV, I very rarely watch movies, or do anything for entertainment (which is kind of ironic) - I'm obsessed with learning... and you two are absolutely hilarious, and incredibly brilliant. I really love this podcast. Y'all are incredibly unique & awesome :)
Perplexity analyzes public links and cite the sources. They allow you to well organize your answers. This can be a game changer with online advertising and SEO. They'd redefine the space. Given the fact that Aravind is a fan of Google, he'd sell it to Google for 30B$
How much equity does these startups offer? Tell me in estimated $ amounts. What if I instead invest that $ amount as cash in ALL these 10 startups, instead of working for one of them? Much less riskier and much higher return.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Probably because Replit speaks to a broader audience since the ease of deployment. Im a total newb and looked into both because I wanted to try AI assisted coding and replit just deploys it in a button push
Guys - this is about the freedom of finding your own path as an entraprenuer - or for people that for a variety of reasons - can't join these unicorns. If i wanted to know more about becoming a depressed, overworked corporate drone with little agency over my life... I'd just refer to my own less than satisfactory career as a tech worker (which includes layoffs and company failures, btw). Investing all your eggs in one of these baskets - even if you are lucky enough to join one - is the ultimate in undifferentiated risk taking.
Love this show! The fun working in a startup as non-founder must massively outweigh the lost income and pension that comes with a high corporate position.
Shaan can’t decide if he wants to look homeless or be a drip god 🥶
Drip 👑👑👑👑👑
He's in founder mode
I've been employed in 8 start-ups throughout 20+ years of my software engineering career. 7 of them failed, 1 made an exit, was sold for $600M. My title was Senior Machine Learning Engineer, I'd been working for 2+ years for this company. My piece of the pie (vested stock options) was $10K, less than my monthly salary. So, from the personal experience - no, they won't make you a millionaire. You have a waaay better chance to become one by working for a corporate with RSU, ESPP, and all that.
I once interviewed a startup company and one interviewer was exactly like this. Continuously working at startups back to back to back, but going through the list of companies he’s worked for on LinkedIn, all of them failed.
How much equity did you have at start?
@@dwdzmk some arbitrary number, you don't know how many options are out there in total even if you can estimate the evaluation of the company (which is not always the case either).
@@vassilyn5378 you can make 2% equity agreement for example, of course it will get diluted.
10k for a 600m exit, what?
that's pretty fked, how come it was so low, did you figure that out?
I think it's a shame that they aren't active in the comments. It's like they put this out there to sell their sh** and network and be visible in the industry. When I first started watching I saw them reply to comments occasionally, but for a podcast series on something like this, it's quite disappointing.
"We're talking about our listeners. They can get a job anywhere." 🤣
McDonald’s is hiring
@@bullshark3000😂😂🤣🤣
Based on these results, seems like FAANG is a better deal than Sarah's List, no?
A few others worth considering:
- Ramp (~7.7B). Explosive growth since being founded in 2019, but probably less upside right now as a result
- Vanta (~2.5B)
- Watershed (~1.8B)
- DeepGenomics (~1B)
- Captions (~500M)
Where did you get Captions numbers? Is it revenue or valuation?
@@StartupSpells just what I saw in Google - these are valuations
@@StartupSpells valuation
Love this. Worth mentioning that this is still possible, though prob less likely, at a public company. Ex. PLTR is a company that could 5x in 5 years. The plus is that your equity is liquid vs. having to stick it out for a (non-guaranteed) liquidity event at a private co. The happy middle is a place like OpenAI that has semi-regular liquidity events from what I can tell.
comparing Cursor to a website builder like Squarespace is wild 😂
Haha yea.. blame the research team
Guys can we get the wives on!?!? Would love to hear the banter with them on.
One great tip is to see the time between funding rounds. Recently Thomas Laffont shared at the All In Summit that today the average time is 800 days, at the top of the market it was
My favorite episode, plus I laughed harder and more often the whole time. I don't ever watch TV, I very rarely watch movies, or do anything for entertainment (which is kind of ironic) - I'm obsessed with learning... and you two are absolutely hilarious, and incredibly brilliant. I really love this podcast. Y'all are incredibly unique & awesome :)
Plus my real name is Sarah... but it would have become my new favorite episode either way :)
Love hanging out with you guys. Always get more information that I bargained for. Even if I'm not going to use it, it's still quite interesting.
If I had to bet on one, it would defintely be Retool since almost ALL my founder friends use it..
The payroll at the YC startup I worked at (RIP) had Mercury and our payroll was never affected!
Love this. Is this a one off or are there regular episodes assessing new startups?
Great episode
I'm going to become millionaire soon
Perplexity analyzes public links and cite the sources. They allow you to well organize your answers. This can be a game changer with online advertising and SEO. They'd redefine the space. Given the fact that Aravind is a fan of Google, he'd sell it to Google for 30B$
I don't think now a days people are using perplexity more as many are using got new models.They will have less users so not 30 billion guaranteed
@@Brodragon2225 How does it matter ? You can select any model you want in perplexity by choosing it in the drop-down
@@chanrox69 so then why I would use perplexity then.I will use other models subscription
Applied to a few of these lol 🤞
Did I miss the episode where Shaan came with the Peter Thiel shirt?
we're still waiting on it
First, losers.
Palantir is also a Saras List
31:50 think you mean Thiel and not Attia. Unless Attia is moonlighting 😁
How much equity does these startups offer? Tell me in estimated $ amounts. What if I instead invest that $ amount as cash in ALL these 10 startups, instead of working for one of them? Much less riskier and much higher return.
They’re not publicly traded
The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
is sam parr using air tube headphones??
Why replit ahead of Cursor?
Probably because Replit speaks to a broader audience since the ease of deployment. Im a total newb and looked into both because I wanted to try AI assisted coding and replit just deploys it in a button push
Shaan gettin artsy with a diffusion filter?
Guys - this is about the freedom of finding your own path as an entraprenuer - or for people that for a variety of reasons - can't join these unicorns. If i wanted to know more about becoming a depressed, overworked corporate drone with little agency over my life... I'd just refer to my own less than satisfactory career as a tech worker (which includes layoffs and company failures, btw). Investing all your eggs in one of these baskets - even if you are lucky enough to join one - is the ultimate in undifferentiated risk taking.
We need Sarah here for her list
LOL "2021 was a simpler time"......except that whole pandemic thingy
It's Sam's "I pick winners" 😂😂😂
Sam picks his man crushes lol
I think it's time we have Sara on the podcast
I’ll send you a fruit basket for mentorship Sam 😭😭😭
Sam you're hella wrong about cursor Shaan is on money
Love this show! The fun working in a startup as non-founder must massively outweigh the lost income and pension that comes with a high corporate position.
Add Omega Labs to the list. Bittensor is the future of AI.
1:12:11 😂😂😂😂
Time to apply for some internships 😏😏
Whatup!
Two many commercials running for 30 seconds! Horrible
As a developer, I thoroughly enjoyed the dev segment. Also super impressed with Shaan's knowledge of it. 👏
Nice video!
Sam's glowing these days
Just watched your video discussing AWS67H and I am very excited about this
A lot of misses in this episode.
Yeah get a job at open AI lol. Highly highly selective
If you got oat milk in the fridge, you're doing better than you think you are.
I'm just here for the 'self-made millionaire' tips. Can someone please tell me where to find these magical stocks? 😂
The "Give up on your own ideas and get a job" episode
Is Sam growing out his fro like zuck?
Ramp
Gentlemen agreement 🫡