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Rebecca | Your House Machine's avatar

In my experience, focusing on non-financial aspects of a job/startup is a better orientation. Is the startup working on something that fires you up? That makes the world better? Will you get to work with interesting, kind people? Will you build new skills you want to have? Then sounds like an awesome opportunity to me!

Sure, there is a financial haircut in salary but most startups pay enough to live on. If your focus is the experience you get there, then even if the startup doesn't become a unicorn it will have been a worthwhile experience and you can leverage it into the next thing you do. You'll also have a sense once you're there if things are going in the right direction or not. Leave if things feel exploitative, obviously, but I wouldn't say joining a mission-driven startup is a bad idea. On the contrary, I can't imagine joining a company that isn't mission-driven.

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Kyle Westaway's avatar

As someone who has founded a couple of companies and worked in the startup ecosystem my whole career, here are my two cents:

● Money. Startup equity is like a lottery ticket. I agree with the author that the chances of your startup equity ever turning into a life-changing amount of money are slim. In most cases, you'll be better off economically taking a corporate job, saving and investing. However, most people aren't exclusively (or even primarily) motivated to work by money.

● Meaning. Workers want to feel like their work is having a positive impact on the world, and you're more likely to find that in a startup.

● Mastery. One of the complaints of a typical corporate job is that it's boring. One of the most compelling reasons to work at a startup is that you're constantly pushed to learn and grow. When we're learning and growing, we actually enjoy work more—even though it's harder.

● Autonomy. Autonomy is the ability to execute your work in the way that you see fit without your boss micromanaging you. Honestly, this one is a coin toss. I find that autonomy can vary within any organization, depending on your direct manager. There are micromanagers in startups just like there are in the corporate world.

● Team. One of the most tangible impacts on fulfillment at work is whether you like the people you work with. The cool thing is that great people are at all types of companies. But, in my experience, if you're the type of person that finds enough meaning, mastery and/or autonomy that you're willing to take the economic risk to work at a startup, then you'll probably find a like-minded tribe of people there.

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