Thursday, May 26, 2011

To Work For A Big Company Or Start Your Own

Most people I talk to believe that entrepreneurship is a quick road to riches. Those who have taken the plunge know that it is anything but that. In fact if you are a good engineer or product manager working for a successful big company, you probably will end up making the same money as one of the three founders who start a company and sell the company for $50M in 6 years. Unlike the person working for a big company entrepreneurs take on the huge risk of failure and more than 90% of them fail.

I have tried to explain this to people before. I recently attended a talk by David Binetti - Founder and CEO, Votizen. He compares both the options 3.27 minutes into the video below. After a few seconds, you can skip the advertisement.

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