Jul 17, 2007

Why it makes sense to join start-ups

I have always questioned my decision to join a startup. I am still questioning it. But only reason why I wanted to join a start-up was to start something of my own in future. Another reason was to make it big, to prove to the world that I exist. Joining a start-up throws at you lots of challenges which you could not have encountered at a normal workplace. But this can also go against you if the company fails. There are lots of other reasons why I want to start something of my own, and I am still thinking about them.

Amar Goel has also tried to explain why it makes difference to join a start-up than an established firm. Following are some of his views:

“Generally speaking, youngsters in India are still too concerned about the stability of their jobs and getting married,” writes Amar Goel, CEO and founder of Komli Media, in his blog. Then he goes on to analyse “why this concern with job stability just doesn’t make sense if you are really good at what you do and are confident in that.”

“If you want to make some serious money you have to take some risk and join something early, at least among the first 50 employees."

“If you are smart, have a good idea, and can assemble a good team, then statistically, you have a lesser chance of failing today and in the next 10 years than at any time in India’s past."

“What is the difference between joining a startup that you like and the worst case happens in 2 years versus you join a “stable” company and in 2 years you leave because you don’t like the work?"

“I know a number of people in Silicon Valley who have made a career of working at startups, and are fully aware that some will be winners, and most won’t. They figure if they work at 5 startups over 10 years maybe one or two will be successful and that’s more financially rewarding than working at an already successful company as the 2000th employee.”

P.S. - Also check out the comments, they are great

1 comment:

  1. To me Amar Goel doesn't make much sense. He must be a millionaire to talk that way. He has mentioned something about job stability, about 90% of the graduates in India don't even have choices. Jobs are not pick and choose in India. Most of the normal engineering college guys work hard to get a job and it doesn't matter to them whether it is an MNC or Start-up. TCS, Wipro, Infosys give jobs and hence people join them.
    If he is saying that why don't people start their own venture then it has got its own problems. I guess it has to do something with awareness. Its not just black and white like he mentioned.

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