This Y Combinator video discusses the common misconceptions technical founders have about the value of FAANG jobs. The speakers analyze the assumptions behind pursuing FAANG employment, the realities of the work, and the potential drawbacks of prolonged FAANG employment for those aspiring to start their own companies.
FAANG Job Realities: Many FAANG jobs involve less challenging work than advertised, often focusing on less impactful tasks like ad server maintenance or minor feature updates. The reality often differs significantly from the recruiter's pitch.
Transferable Skills Myth: While FAANG experience might offer some transferable skills, many founders find that their FAANG experience is largely irrelevant to their startups. The specialized tools and infrastructure at FAANG companies are not replicated in most startups.
The Retention Trap: FAANG companies employ sophisticated strategies to retain employees, including equity packages that vest over time, creating loss aversion and making it difficult for employees to leave. The social environment also encourages higher spending, making it harder to save for a startup.
Funding Misconceptions: The perception that FAANG experience guarantees funding is inaccurate. While it might initially be a positive signal, extended FAANG employment can become a negative factor. Success stories are overrepresented, creating a misleading impression of easy fundraising.
Knowing When to Leave: If you or someone you know feels deeply unhappy with their FAANG job despite financial incentives, it's likely time to leave. Having a plan, managing personal spending to avoid being "hooked," and recognizing the possibility of returning to FAANG later are crucial elements.
