startups

Just thought I would write a post on this potential move, one that is probably being considered more and more as wall street becomes a less stable place to work, but still is overshadowed by the typical PE/HF exit opportunities. Here are "popular" notions regarding startups that I have personally heard:

1) Do not pay well
2) Unstable
3) More suited for ex-consultants
4) Good thing to do "later on down the line", after established doing banking/pe/etc

Here are the realities, at least as I have found them over the past year or so:

1) Startups do not pay bonuses the way banks do, this is true; that said, salaries in biz dev at many established, VC-backed startups can easily be $70k-$80k+ (developers can def make more); also, there is an equity component to most compensation packages, that draws from an allocated option pool that the company issues, typically along with their first seed financing. The upside here can obviously be tremendous.

Hi everyone,

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