加入初创企业 期权_为什么不应该加入“ $$$”的初创企业

加入初创企业 期权

by Sean Choi

通过蔡恩

为什么不应该加入“ $$$”的初创企业 (Why you shouldn’t join a Startup for the “$$$”)

因为您可能看不到足够的$$$$ (Because you probably won’t see enough of the $$$)

I started my life in the Valley as an engineer fresh out of CalTech. I was young and I was eager to make it BIG. I had heard numerous stories and seen movies of the tech billionaires starting their empires from garages in Palo Alto, and young college grads building multi-billion dollar companies from their dorm rooms.

我刚从硅谷理工学院毕业后，就在硅谷生活。 我还很年轻，我渴望做到大 。 我听过无数的故事，也看过电影，这些电影都是关于技术亿万富翁从帕洛阿尔托的车库开始创业的，而年轻的大学毕业生则从他们的宿舍里建立了数十亿美元的公司。

I dreamt of being one of them, and I was quite confident I could be one of them pretty soon. I thought I knew the answer. I thought the answer was simple: founding a startup or joining a cool pre-IPO startup. I would start my career in a big corporation, go up the corporate ladder, and start, or join, a startup and BAAM, I would be a billionaire.

我梦想成为其中的一员，而且我很有信心不久就能成为其中的一员。 我以为我知道答案。 我认为答案很简单：成立一家初创公司或加入一个很棒的IPO前初创公司。 我将在一个大公司开始我的职业生涯，走上公司阶梯，然后开始或加入一家初创公司和BAAM，我将成为亿万富翁。

Like many people, I focused only the money $$$. Yes yes yes, I knew in my head that you had to love the product that you were building, love the team that you worked with, and love the users that you were serving. But my heart was not with the product I built, the team, or the users. I felt that my desire for more money would MAKE me love the product and the life I was living to build the product. It really didn’t matter what I built, as long as it made the money.

像很多人一样，我只专注于钱$$。 是的，是的，我脑海中就知道您必须爱上您正在开发的产品，爱上您与之合作的团队以及爱上您所服务的用户。 但是，我的心不是我开发的产品，团队或用户。 我觉得自己渴望获得更多的钱会使我爱上该产品，并热爱构建该产品的生活。 只要能赚钱，我建造的东西真的没关系。

I was skeptical of all the people who told me not to follow the money. I thought that they could say those things because they already had it all. I now realize that I was wrong. Completely wrong.

我对所有告诉我不要跟随这笔钱的人表示怀疑。 我以为他们可以说那些话，因为他们已经掌握了一切。 我现在意识到我错了。 完全错误。

So in this post, I wanted to convince you why you should NOT join a startup for the money — backed by real data. I also hope that you grow more skeptical about startups trying to recruit you for money.

因此，在这篇文章中，我想说服您为什么您不应该为了钱而加入一家初创公司-由真实数据支持。 我还希望您对初创公司试图招募您来赚钱持怀疑态度。

大多数创业公司都失败了，但您已经知道了！ (Most startups fail — but you knew that already!)

According to a statistic published in a Harvard Business School study by Shikhar Ghosh, 75% of venture-backed (yes, venture-backed) startups fail. In a study by Statistic Brain, Startup Business Failure Rate by Industry, 50 percent of all U.S. companies fail after 5 years, and over 70 percent fail after 10 years. This is if you are lucky enough to get some venture funding.

根据哈佛商学院( Shikhar Ghosh)在哈佛大学研究中发布的统计数据，有75％的风险投资支持的初创公司(是的，风险投资支持的)初创企业失败了。 根据Statistic Brain的一项研究( 按行业划分的创业失败率) ，美国所有公司中有50％的公司在5年后倒闭，而超过70％的公司在10年后倒闭。 这是如果您有幸获得一些风险投资。

To give you some context on the percentage of companies that actually get venture funding, here is a nice data point about how selective Andreessen Horowitz is in selecting its applicants.

为了给您一些有关实际获得风险投资的公司百分比的信息，以下是有关Andreessen Horowitz在选择申请人方面的选择性的一个很好的数据点。

So, the odds of you getting funded by one of the most prestigious VC firms is 0.7%. The actual odds of getting funded by any VC, according to here, is around 600~800 companies in over 2 million companies created each year, which is around 0.04%. So, the probability of a startup getting some VC funding and succeeding is around 0.01%, making the success rate around 1 in 10000.

因此，您从最负盛名的风险投资公司之一获得资助的几率是0.7％。 根据这里的数据 ，由任何一家风投获得资金的实际几率是每年创建的超过200万家公司中的600〜800家公司，大约占0.04％。 因此，一家初创公司获得一些风投资金并成功的可能性约为0.01％，使得成功率约为 10000分之一 。

You can see how hard it is to get some VC funding and how hard it is to succeed even after getting it. Of course, you can succeed without getting funded by a VC, but these data points are here give you a perspective on the difficulty of success.

您会看到获得一些风险投资的资金有多困难，即使获得成功也很难成功。 当然，您无需获得风险投资即可获得成功，但是这里提供的这些数据点使您对成功的难处有所了解。

初创公司向您支付多少费用？ (How much do startups pay you?)

Well, given that they are very likely to fail, do they pay you enough to compensate for the failure rate?

那么，鉴于他们极有可能失败，他们是否会向您支付足够的费用来弥补失败率？

First of all, from my experience, unless you are one of the founding members, it is very difficult for an engineer to get more than 5% of the company shares. So, let’s be very hopeful here and let’s assume that some company treated you like a rockstar and offered you 5% of the company.

首先，根据我的经验，除非您是创始成员之一，否则工程师很难获得超过5％的公司股份。 因此，让我们在这里充满希望，并假设某家公司像摇滚明星一样对待您，并向您提供了5％的股份。

Then, let’s define the success of the startup as when the startup becomes a one billion dollar company. Then, the 5% that you are getting has an expected value of around $1,000,000,000 * 0.05 * 0.0001 = $5,000 (if you can cash out, that is). This is over some number of years until the company reaches the one billion dollar valuation. This article shows that Slack was the fastest to reach that milestone, which was in 1.25 years.

然后，让我们将创业公司的成功定义为该创业公司成为一家市值十亿美元的公司。 然后，您获得的5％的期望值约为$1,000,000,000 * 0.05 * 0.0001 = $5,000 (如果可以兑现，那就是)。 直到公司达到10亿美元的估值为止，这已经过去了很多年。 本文显示，Slack是达到该里程碑的最快速度，这是1.25年。

So, if your company gets really, really lucky and gets to the same milestone in the same time, the chunky 5% share that you are promised has an expected worth of about $4,000 in a year. If your company takes longer to reach that milestone, your expected yearly profit decreases. And it usually takes between 5~8.2 years to exit, according to this article.

因此，如果您的公司真的非常幸运并同时达到了相同的里程碑，那么您所承诺的5％的矮胖份额将有望在一年内带来约4,000美元的价值。 如果您的公司花费更长的时间才能达到该里程碑，则您的预期年度利润会减少。 根据这篇文章，退出通常需要5到8.2年。

So, consider this when you compute your yearly profit of that chunky 5% you are getting. Yes, this calculation has a lot of assumptions, and it may be flat out wrong. But the message I am trying to send is that becoming a billion dollar company is hard, getting 5% of the company is hard, and it USUALLY takes a long time to get to that billion dollar valuation. Compared to that, the expected return of the stock is quite low.

因此，在计算每年获得的那块5％的年利润时，请考虑这一点。 是的，此计算有很多假设，可能完全是错误的。 但是我要传达的信息是，要成为一家市值十亿美元的公司很困难，要获得该公司5％的股份很难，而要达到十亿美元的估值通常需要很长时间。 与此相比，该股票的预期收益是相当低的。

大公司向您支付多少费用？ (How much do large companies pay you?)

If you have ever been on Blind, a popular anonymous chatting app, you should be quite familiar with the term TC (Total Compensation). TC is a term that represents the yearly earning that you get from salary + bonus + stock. Employees in major large companies in the bay area (Facebook, Apple, Amazon, Netflix, Google (FAANG)) earn average TCs that range from $200K ~$1M and more according to their experience.

如果您曾经使用过流行的匿名聊天应用程序Blind，则应该对术语TC(总补偿)非常熟悉。 TC是代表您从薪水+奖金+股票获得的年薪的术语。 海湾地区主要大型公司(Facebook，Apple，Amazon，Netflix，Google(FAANG))的员工根据其经验获得的平均TC介于20万美元至100万美元之间 ，甚至更高。

This and this article shows the range of engineer TCs according to their level. This range is quite stable, and these companies are quite good at keeping the TCs consistent with the market.

这与该文章显示，根据自己的水平工程师TC的范围。 这个范围相当稳定，这些公司非常擅长将TC与市场保持一致。

您加入一家创业公司会失去什么？ (What are you losing by joining a startup?)

Assuming that the startup you are joining can MATCH the salary, often times they do not or are not able to match the annual bonus or the signing bonuses. Plus, they often do not have the nice perks that these large companies offer (free food, snacks, massages, etc…).

假设您加入的初创公司可以匹配薪水，通常是他们不匹配或无法匹配年度奖金或签约奖金。 另外，他们通常没有这些大公司提供的优惠待遇(免费食物，小吃，按摩等)。

In addition, you are losing on the potential to cash in on the annual stock bonuses, which can be quite hefty (compare $4k/yr in the previous calculation to the $59k/yr Google engineer’s bonus).

此外，您还失去了利用年度股票红利兑现的潜力，这可能是一笔不菲的费用(将先前计算的$ 4k / yr与Google工程师的$ 59k / yr相比)。

I won’t get into work-life balance and how many hours you put into a startup vs a large company, because everyone works hard everywhere :) So, in summary, you are likely losing a stable salary and bonus, higher expected profit, and nice perks when joining a startup.

我不会在工作与生活之间取得平衡，也不会花多少时间在一家初创公司和一家大公司里，因为每个人在每个地方都努力工作:)因此，总而言之，您可能会失去稳定的薪水和奖金，更高的预期利润，加入初创公司时会获得很好的待遇。

那么什么时候应该加入一家初创公司呢？ (So when should you join a startup?)

Let’s go back to the calculation. If you truly truly believe that your startup will succeed with 100% probability, the expected value of the 5% is worth$1,000,000,000 * 0.05 * 0.004 = $20,000, which is somewhat in line to what the big companies pay you.

让我们回到计算。 如果您真正相信您的创业公司将以100％的概率成功，那么这5％的期望值将价值$1,000,000,000 * 0.05 * 0.004 = $20,000 ，这与大公司向您支付的价格基本一致。

This calculation only makes sense if you truly believe you are going to succeed and if you truly believe that your company will make it to 1B valuation (which most companies don’t). If you are more confident that your startup will get funded, this value goes up. In fact, this is why no startup will give you 5% after they are funded by a VC. So can you see a pattern here? The more confidence you have in your company and in your product, more the expected value that you believe your company has.

仅当您真正相信自己将要成功并且您真正相信自己的公司将以1B估值(大多数公司没有)时，这种计算才有意义。 如果您更有信心启动您的创业公司，那么这个价值就会上升。 实际上，这就是为什么没有一家初创公司在获得风险投资资助后会给您5％的收益。 那你能在这里看到图案吗？ 您对公司和产品的信心越大，您认为公司拥有的期望值就越高。

What I am trying to say is, if you truly believe in the product, love your life working at THE startup, and you can stick around from the beginning until the end, you should stick around. If not, you shouldn’t join a startup. It just doesn’t make sense financially.

我要说的是，如果您真正相信该产品，那么就喜欢在THE Startup工作的一生，并且可以从头到尾坚持下去，应该坚持下去。 如果没有，您不应该加入创业公司。 只是在财务上没有意义。

最后的想法 (Final thoughts)

So, am I saying these stuff because I have it all? No. I am now a grad student worrying about when my landlord will raise the rent higher than my current grad student salary. But, I love what I do. I am happier now than I was when working for a miserable startup that I joined for the money. And now I’ve grown to be less skeptical when reading this quote from Steve Jobs:

那么，我说这些东西是因为我拥有全部吗？ 不。我现在是一名研究生，我担心我的房东何时将房租提高到高于目前的研究生的薪水。 但是，我喜欢我的工作。 我现在比在一家为钱而加入的悲惨创业公司工作的时候更加快乐。 现在，当我阅读史蒂夫·乔布斯的这段话时，我变得不再那么怀疑了：

“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” — Steve Jobs

“您的工作将占据您一生的大部分时间，而真正令您满意的唯一方法就是去做您认为很棒的工作。 做伟大工作的唯一方法就是热爱自己的工作。” —史蒂夫·乔布斯

翻译自: https://www.freecodecamp.org/news/why-you-shouldnt-join-a-startup-for-the-c50641ad933/

加入初创企业 期权