←back to thread

Lessons from my first exit

(mtlynch.io)
410 points saeedesmaili | 1 comments | 14 Nov 24 07:32 UTC | HN request time: 0s | source
Show context
ffjffsfr ◴[14 Nov 24 12:19 UTC] No.42135513[source]▶
great write up.

> $920k over four years

so this gives an average yearly salary of 230k. Very close to FAANG senior salary with much more risk, effort and (probably) worse life-work balance. OP quit from google in 2018 and ran some other business, and this is his biggest sale so far. I think it shows how hard it is to make better money outside FAANG even when extremely talented and lucky like OP. But it's probably more about lifestyle choices.

replies(14): >>42135533 #>>42135574 #>>42135591 #>>42135665 #>>42135736 #>>42135883 #>>42135965 #>>42136423 #>>42137306 #>>42137682 #>>42138892 #>>42141086 #>>42141087 #>>42143450 #
yen223 ◴[14 Nov 24 12:53 UTC] No.42135736[source]▶
It's not quite apples-to-oranges, because he started a hardware company, which historically has much smaller margins than software.

The difference isn't just working for FAANG vs running a business, the difference is also working in software vs working in hardware.

replies(1): >>42136420 #
1. lokimedes ◴[14 Nov 24 14:30 UTC] No.42136420[source]▶
The difference is working for yourself. It’s the business version of achieving adulthood (for some).