IGNORED Problems of Startup Employees | Should You Join a Startup in 2024?
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- Опубліковано 15 лип 2024
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In this video, I covered the cruel startup reality that many people don’t realize until they enter the startup world. Startup jobs are increasing in India but this dark reality of startups is not exposed to many young employees at the moment. The reality of startups in India is not very different from the reality of startups elsewhere in the world. This video will help you decide if you should join a startup or not. The salaries offered by startups may sometimes be greater than the salaries offered by stable corporates. However, what you have to face as a consequence of choosing to join a startup versus staying back in a stable corporation is something that needs to be debated.
If there is someone who has got an offer from a startup that is willing to pay them more than their current job they should consider the following realities of working in a startup before choosing to do that job. The first such reality is that there is hardly any peace of mind for those working in a startup. This is because startups do not prioritize processes. Since the startups do not have the money or the time to do process building, they often end up ignoring it. Because of this, the people in the company end up becoming more powerful than the processes.
So, you will often notice that founders determine the culture of the company. If the founders are good then the company culture is going to be good. Since the processes are already bad it becomes really difficult for a newcomer to survive in such a setup. Because of this, as long as you can please your bosses or managers, you will be in safe hands. But once that is done, you won’t be able to get recognition for great work but rather just people-pleasing.
Another reality is that you do get to learn a lot but just to get in you will need some expertise. You will need some domain expertise and skillset otherwise there will always be someone else who is ready to take your job and replace you at the startup. If you join a company but the needs of the company change, there is no scope for upskilling. This is because startups cannot spend that much money on training and upskilling sessions. So, because of this they just go and hire new people.
Moving to the financials of the startup world we first need to know what ESOPs are. They are simply Employee Stock Option Plans. This means that companies are valued at a certain amount and employees get a share in the company. So, depending on the value of the company the value of your ESOPs also changes. So, if the valuation of a company like Byju’s drops by 90% then the value of employee ESOPs also drops by 90%.
The next issue is that the startup jobs as well as the startup companies are unstable. Convoy, a US-based startup valued at $3.8 Bn recently filed for Bankruptcy. This means that the total valuation of Convoy today is close to 0. So, who should join a startup? Well, the simple answer is that if you are somebody who doesn’t worry too much about money then joining a startup does make a lot of sense. Another reason why you can join a startup is that you want to apply for an Abroad MBA.
Folks in MBA admissions and post-MBA recruitment will value people who have worked in several startups and learned a lot in comparison to folks who have had only stable jobs. So, if you don’t have any financial commitments which you can’t avoid you can definitely choose to go for startups. The last problem is that when you get laid off because a startup product didn’t work out, it doesn’t look really good on your resume.
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About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
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Chapters
0:00 - Intro
0:48 - #1 Reality of Startups
2:25 - #2 Reality of Startups
3:28 - #3 Reality of Startups
5:20 - #4 Reality of Startups
6:00 - Who Should Join a Startup?
7:33 - Outro - Розваги
I think it's ok to take risk in the early years of career (arnd first 5-8yrs). Startups give opportunity to work across multiple domains and can help in understanding your inclination. The MNCs aren't bad..but believe me there is equal or more level of toxicity w.r.t to manager pleasing, micromanagement etc. In my short career in India, I have faced this consistently at the largest companies simply because the HR "process" here is unfortunately many times favors only well being of company and not the employees.
Thank you for making these videos ....many of my friends were lured by startup salaries ....then were trapped!!
I'm glad to see someone brought the reality. It is important to understand that while validating the start-up vs. company, the key is the INDUSTRY, which a person is targeting. If it's technology, its atleast fine ( comes with risk) but not for roles like consulting or product management, which involves a degree of process and people skills.We need to understand how consultant's think before working in a start up as a consultant as a fresher with no experience. Need to assess industry fit before thinking about type of workplace..
Great insights pavan.. thank you for sharing
Peace of mind? I work in MNC as Software Developer and believe me there is no peace of mind. So it is everywhere not only in startup but yes preferably you can join MNC at least for job security.
😂job security .. google, amazon so many,,,,
Why would company not believe the company shutting down…90% of the startups fail in 5 years
It is not about the startup. It will become about you:) that is the reality!
Great insights Pavan... Really helpful
Thank you:)
I would stick to the current job because it is safe. You can do something creative such as volunteering or your own stuff because leaving a job because corporate world is boring is not really a good idea in the long run. If you want to leave because you are getting a higher pay, you need to also consider the time which you are investing in the startup. And if you invest more time in the work , you will need to sacrifice that amount of time elsewhere.
Dear Pavan,
Can you please give a roadmap for a fresher to enter the job market?
How to register a startup and get it mentioned on google maps?
How to ensure job stability when the expenses in cities are close to 60k a month?
Learning and up-skilling things are partially correct. Because they too try to retain good and hardworking employees when something new comes up. And try to provide resources to learn and grow but in a fast paced manner.
I work in a startup and my 2months of pay is still due when asked the management say's this month it will be cleared and all, so what to do Pavan sir??
Actually whether it’s corporate or startup, each one is shitty in their own way and sometimes even in similar ways.
What I say - Same shit, different flavour.
Sad reality is that we only get to choose between these options largely, and better stuff that also makes money doesn’t exist. If better stuff does exist, would be happy if you make a video on that as it would be educative to know what other better options exist.
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Job providers having a field day. No stopping...
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what is your thought on remote software job which pay more what we get as an Indian employee..
For Moonlighting?
@@PavanSathiraju no sir full time remote job
❤❤😮
Is tiger analytics a Startup? Can anyone please let me know the work culture and stability in tiger analytics?
Hey, you got the response on one of your prior comments on another video right?
I doubt you will get more detailed answer compared to that response.
It's a really good company actually one of my classmate had work exp from there and he always say good things about there .
@@susmitjaiswal136 in which year did he work? Heard that before it was fine but now it's not good..
@@PavanSathiraju hi, as I have to take a call , looking for response which could help me better.
Pavan 🎉🎉 u r going t cross very shortly 1M subcribers ❤
Hahaha. Fingers crossed:)
This dude is one step away from making those cringe doom and gloom finance videos with fire thumbnails. 😂
Lol.
I don't really agree with this Video. Startups are the ones that have held the back of freshers, who after graduating are almost lost.
Any person with Good rigour and determination will always integrate in a startup irrespective of what he knows and any training is provided.
I for one did not even know Excel properly when I joined a startup as a fresher but when I left I was well adept in Tableau, SQL, Python with little knowledge of PowerBI , Alteryx and Talend.
I encourage more and more freshers to join in startups they are the most raw environment to work in and get exposed to n number of things you would never do at an MNC including interacting with client and handling an entire project.
You can always join an MNC later in your career but the aim should be to know your game top to bottom and startups are most equipped to do that.
Just unsubscribed.. Radom content that we get online, not into tech but saying A-Z about everything..bye
Dude, I am sorry you didn't like the video! Hopefully you will like the next video and the one after.
Trying to make it more and more specific. So I believe you will like it and be able to derive it!!
Sarkari job karta hoon sir main toh central government mein
Kaisa chal raha h waha pe?
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