How Startup Employees Get Rich (without getting lucky)
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Published 2022-05-26
ABOUT JOHN COOGAN:
I am the co-founder of soylent.com/ and lucy.co/, both of which were funded by Y Combinator (Summer 2012 and Winter 2018).
I've been an entrepreneur for the last decade across multiple companies. I've done a lot of work in Silicon Valley, so that's mostly what I talk about. I've raised over 10 rounds of venture capital totaling over $100m in funding.
I work mostly in tech-enabled consumer packaged goods, meaning I use software to make the best products possible and then deliver them to the widest possible audience. I'm a big fan of machine learning, python programming, and motion graphics.
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CONTACT:
You can get in touch with me via Twitter: twitter.com/johncoogan
Disclaimer: This video is purely my opinion and should not be regarded as a primary source. I am not a financial advisor and this is not a recommendation to buy or sell securities. Always do your own due diligence.
All Comments (21)
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Having worked for a few different startups as an engineer and architect, there are a lot of pro's and cons to working in this space. - You work long hours, tight deadlines, all under immense stress in an environment you're learning to navigate as you go. Sort of fly-by-your-pants stuff. Compensation can vary in terms of structure, take-home pay, and benefits, and at the end of the day you're not guaranteed to succeed as a company. At the same time, many of those cons are pros. You learn a lot, gain a tremendous amount of knowledge and confidence in your abilities to think, speak, and get sh*t done. And hopefully, you earn a fair amount of coin, especially if the startup is successful All that said, it can burn you out quick if you aren't prepared!
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John, you are easily one of my all time fav youtuber! The quality of each of your content is amazing, so much work, so well planned, so much information. Big respect to your work!
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🔥 really valuable content & definitely agree that being an early startup employee is not talked about enough compared with being a founder, etc.
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Most people do not get such payouts at all. I've worked in tech for 16 years now. I only know a few people who made any kind of decent money on their equity. Most of those folks only made $50-200k. Only one friend really hit it big and made $500k when their startup IPO'd. I think luck is a big part of the game.
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Can we just take a moment to give a shoutout to John for putting together such an effective summary of an otherwise often-overlooked issue that affects even my smartest friends in Silicon Valley?! I'm sharing this video with some of the college students I've been mentoring. It's a great way to prep for a career in the Valley
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Reminds me of this reddit conversation where software developers explained how they work at FAANG and managed to get into positions where they can coast and only work 5-10 hours a week. But earn several 100k a year.
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I've heard the best time to join a startup is right after they raise a Series A, because they already have some traction, and are hiring agressively.
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Team John Coogan. Represent
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Love your videos, informative as always.
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Yes I've been working as a Software Engineer for 1 year and a half at a Sillicon Valley startup. Great salary, equity, and more. Hopefully I'll become wealthy in the future. Company has great funding, strong traction, and it's going very well.
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Glad to see a new upload just in time for my morning breakfast
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Hi John, appreciate these interesting and helpful videos. I wondered if you could create a video on how to get into the space of tech startups, what media to follow, which news outlets to read etc. You obviously have a good grip on the information out there, so would love it if you would share your open sources! Other than that, thanks for the videos!
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Very interesting and important topic explained. I haven't seen anyone talking about it. Thanks so much!
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Love the transparency! I agree with looking into who the investors are. It's important to know that the company is pursuing the right investors and not "random" investment money. This will also help you gain insight on the longevity of the company and the type of support it'll have.
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The MRJ-1-2 model is a descriptive model that delineates the processes of acceptance for the emergence of an entity or phenomenon in existence. It serves as an operational guide for analyzing any entity or phenomenon that has the potential for continuous emergence, growth, and transformation in existence. By intelligently identifying, selecting, and accepting itself through specific processes and procedures, it gains the potential for emergence in existence. Furthermore, any entity or phenomenon going through the process of acquisition of acceptance for its emergence in existence passes through the following stages: - Initiation (the emergence of a novel subject in the realm of necessities and current issues) - Manifestation (the appearance of structures in the light of solutions) - Establishment (clarification of principles, values, goals, etc.) - Raising (in progress and implementation, rising) - Nurturing (growing to the necessary extent) - Scaling (being acknowledged, being accepted) - Development (capable of development, expandable, revivable) - Rejuvenation (accepting necessary changes) It is completely free to use the MRJ-1-2 model, provided the source is credited.
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The wisest thing that should be on everyone's mind currently should be. To invest in different streams of income that doesn't depend on government, especially with the current economic crises around the world.
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Hey. John. Do you edit all your videos yourself?? It's really good
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Haven't watched the video yet. But I know its gonna be informative. Thanks john
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These videos makes our days better
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Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
