Monday, August 26, 2013

Avoid the Startup Trap


Working in startups can be fun and engaging (when they are succeeding) or can be overwhelming and depressing (when they are failing).  As team members, we invest our lives in the companies we work for (and sometimes they even deserve it) – nowhere this is more true than in startups. Sometimes, in large companies we can coast on the inertia of the company and hide in the employee herd, as long as we don’t stand out we will be fine. But in a startup, every character flaw in our business makeup is exposed to the team, every bad decision is apparent to everyone and any cracks in your armor are plainly visible (think small town hell).  Avoid dreams of working in a startup if:
  1. You hate motivating yourself – in a startup you have to drive as much as being driven. There won’t be long strategy sessions or project management meetings or detailed job descriptions. This is do or die.
  2. You dislike confrontation – if you dislike having to defend your ideas or expose them to criticism (often without warning), a startup is not a place for you.
  3. You hate arriving early and leaving late – very often, startups are a collection of teams of one. When there is only you to rely on, expecting to keep a 9 to 5 is unrealistic.
  4. You hate having savings – startups can be easy on, easy off. That is, teammates may change faster than you can say Constantinople. In startups, company pockets may not be big enough to let you go with a nice parting bonus.
  5. You hate open spaces and sharing your browsing history – a lot of startups are open floor, open desk and visible screens all the time (it is cheaper that way). So if you like to read CNN for 45 minutes after you arrive, it will get uncomfortable fast.
  6. You expect a large payout – two issues here
    • The days when every employee got nice stock options are gone. You may get some, but never enough (unless you are close to the founders)
    • Most startups fail… enough said.
By now, you should have a very good idea of whether you can work in a startup. If it is not your cup of tea, by all means remain in corporate America (not a bad option by the way).

3 comments:

  1. Well sai! You hate motivating yourself –
    in a startup you have to drive as much
    as being driven. There won’t be long strategy
    sessions or project management meetings
    or detailed job descriptions. This is do or die.
    You deserve appreciation for taking the time
    to catalogue these things for us

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