Working on Wall Street can make more sense than raising millions with a Startup
(Chimp, 2
Points)
on 9/15/11 at 2:58pm
Sick of your techie startup friends getting all the glory? Show your banking pride and represent...this article was also sent to Hacker News, and you know they'll be commenting:
....excerpt:
It's all over the news these days: "VC invests $1.5 Million in [insert one-syllable nonsensical word here], founded by [3 guys in a garage]". It seems like a lot of money to play with and the opportunity of a lifetime, but (if you have a job) the salary you’re making might end up being more lucrative.





cool story bro.
cool story bro.
Think about it, how many
Think about it, how many people start off at big firms to get training so they can split off and make real money and have a real impact! It's a lot easier to work 100 hours a week for yourself than for GS.
I'm glad someone finally came
I'm glad someone finally came out and said it - not everyone should leave their job to found some dumb internet startup. I'm a huge proponent of entrepreneurship, but not everyone's cut out for it, and a lot of people found "companies" (quotes deliberate) without any consideration of a business model.
- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
And raising millions with
And raising millions with Start-Up can make more sense than working on WS, too.
It always depends on what kind of start-ups you have.
you link doesnt work and
you link doesnt work
and raising money doesn't mean you made it (most VC deals will fall through); it's about when you sell your company/go public
kmzz wrote: you link doesnt
you link doesnt work
and it's not about raising money; it's about when you sell your company/IPO
"When you sell your company" grossly overstates both the likelihood that happens as well as the simplicity of reaching such a milestone.
If the site's down, here's a google cache link: http://webcache.googleusercontent.com/search?q=cac...
- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
Lol "Working on Wall Street
Lol
"Working on Wall Street can make more sense than raising millions with a Startup"
Do people not already know this? Isn't that one of the biggest parts about entrepreneurship? Risk?
If your dreams don't scare you, then they are not big enough.
"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.
Kind of obvious right?
Kind of obvious right?
Ridiculously high % of startups fail.
Ridiculously high % of Ibanking Analysts don't get fired and move on to buyside/bschool and back into other jobs.
When all is said and done, its about expected return and the variance you are willing to tolerate?
Life, liberty, and the happiness of pursuit.