What up monkeys
Besides getting into banking for money, why else would you do it? Considering how time is a more valuable commodity than money... Why not try to make it big with a start up in your early 20's rather than sucking associate monkey dick working 100 hours a week.
I completely understand why banking is attractive but I'm curious to hear how many other monkeys are attracted to startups
Lets face it... a decent start up is like winning the lottery, so dosn;t it make sense to bust your balls off in your early 20's to get something going in the wild world of web 2.0??
I'm really curious to hear opinions from every angle, so let em rip
If it simple as you are making it seem...I think everyone would be doing it. But I will assume you're hammered posting this.. and let it pass
Because making it big with a start up in your 20's is the exception, not the rule. Tons of good questions on Quora.com which talk about this.
It's the same reason why people choose banking over trading...They're risk-averse.
To build on what design said, I don't even think it's about being risk averse, but rather risk neutral.
Realize that the expected value of npv income for a banker WILL be higher than that of a tech entrepreneur, even if the banker doesn't break buyside.
I am enticed by the technology world but understand that for every Zuck and Mason there are thousands upon thousands of guys with top engineering degrees that are waiting tables part time and striking out in a big way with their "revolutionary ideas." This is why I'm going into tech M&A and hopefully tech PE down the road; I look upon our little tech boom in the same light as the California gold rush: you can expect to make much easier money being the guy providing services to the optimistic diggers than as an actual digger.
what about choosing between a wall street associate gig and starting a tech company with VC backing?
it all really depends. not everyone here thinks, eats, and breathes the same thing. for me i would take the vc backed gig hands down for bschool purposes. esp if i already had 2 years as an analyst under my belt.
then there are people who legitimately love playing the game and would take the associate gig on wall street.
agree with you there. but i m talking about post-mba career switchers.
Also, with all the hype around tech startups it's going to get harder and harder to make it big by yourself. If a large tech company sees you have a good thing going while your company is young and you don't sell out then they will just create a bigger and better one with more resources. These companies didn't realize the full potential of such companies a few years ago, but now everyone is looking for them. And what makes you think the founder of a tech startup wouldn't be working just as many hours/wk if not more?
^ddar is on the ball. expect putting in 24/7 working at a start-up. more stress, less sleep, more risk than banking.
Et illum veniam et quasi sequi consequatur commodi. Eum omnis aut tempora provident id.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...