๐ What Happened on Tech Twitter Last Week - Sept 29
Average salaries at tech companies, your equity is probably worthless, everything is overvalued, and more!
Yo! Hereโs what happened on Tech Twitter the week of September 29th - October 6th.
As always, reply with feedback and forward this to your friends!
Donโt join a startup
Startups are risky AF. If youโre going to take on risk joining a startup (and lower pay, longer hours, etc.), you better have enough equity where there's a sizable payout if it succeeds.
๐ฅMy Hot Take๐ฅ
Most startup employees donโt have enough equity to get rich. Even those that think they do actually donโt - dilution and liquidation preferences make even a healthy 1-2% equity offer non-consequential for most startup outcomes.
Your best bet is to join a startup because you like the people, product, and/or opportunity to learn.
If you want to get rich, go work at Google.
Everything is overvalued
NYU Stern marketing professor Scott Galloway got a bunch of VCs and founders trigged. Not an unexpected perspective given the valuation smackdown that has been happening in public and private markets lately.
Insightful Tweets
Fire Starter Tweets (click these!)
Funny Tweets
Random Tweets
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