Apr 20, 2022 · 19m · y-combinator

Why You Should Leave Your FAANG Job · Y Combinator

Dalton Caldwell · 8m spoken Michael Seibel · 8m spoken
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In this video, Y Combinator partners Michael Seibel and Dalton Caldwell dismantle common myths surrounding FAANG employment for aspiring startup founders, highlighting the traps of big tech corporate life and outlining strategies to successfully break out.

Statements from this episode (10)

Insight
Seibel: Technical founders grossly misunderstand value of FAANG jobs
“Technical founders often misunderstand the value they can get out of Fang. And misunderstand is an understatement. They grossly misunderstand what value they can extract from a Fang job and what value they can't extract.”
Michael Seibel Apr 20, 2022 ▶ 0:58
Opinion
Caldwell: Most FAANG engineers secretly work on trivial tasks and ad servers
“Most people that get most jobs at Fangs, when you talk to them after they have the job, if they're, you know, get a couple of beers in them, they're working on some bullshit ad server. They're working on like one pixel on one corner of one thing. They're worki…”
Dalton Caldwell Apr 20, 2022 ▶ 4:14
Insight
Caldwell: FAANG engineers mostly learn proprietary tools useless for early startups
“A lot of what you learn is how to use the tools of the FAANG, which you don't get to use when you don't work there anymore.”
Dalton Caldwell Apr 20, 2022 ▶ 7:27
Insight
Seibel: Google's beta release standard is 10x higher than a startup MVP
“Their standard for getting a product into even beta at Google is 10 X what an MVP in a startup is, and they just have to unlearn. It's like, can anyone find this useful? Launch.”
Michael Seibel Apr 20, 2022 ▶ 8:13
Insight
Caldwell: Spending too much time at FAANG becomes a negative VC signal
“But I think at some point, the more time you spend there, what was once a good positive signal could turn into a negative one. Again, I can't speak for all investors, but at some point you lose the shininess of getting that validation as well as what team you'…”
Dalton Caldwell Apr 20, 2022 ▶ 9:05
Insight
Seibel: FAANG retention relies on unvested equity being 3x your savings
“If they can keep you spending your entire salary, and if they can keep the money that you haven't vested yet larger than the amount of money that you have in your savings by like two to three X, you never leave.”
Michael Seibel Apr 20, 2022 ▶ 13:40
Insight
Seibel: Big tech warehouses talent defensively to prevent competitor growth
“In many ways, this is a defensive tactic to warehouse talent. Out of the fear that maybe someone else can use you in a way that can hurt the company.”
Michael Seibel Apr 20, 2022 ▶ 14:29
Insight
Caldwell: Good engineers who leave big tech amicably can always return
“If you're a good programmer, if you're a good programmer and you leave and you leave in a nice way, no matter what happens to you can come back. There's actually not that much loss you have to take.”
Dalton Caldwell Apr 20, 2022 ▶ 16:34
Assertion Not checkable as stated
Caldwell: Many ex-Facebook employees feel they made money doing evil
“Yeah, like, I know a lot of ex-Facebook people who kind of, like, feel that they did evil, and they made money doing it, and they seem pretty unhappy about it. They're not happy about the work that they did in the universe.”
Dalton Caldwell Apr 20, 2022 ▶ 18:23
Insight
Seibel: Big tech bonuses beat startup ambitions without an explicit exit plan
“If you're fighting the bonus head to head with no plan, bonus wins most of the time.”
Michael Seibel Apr 20, 2022 ▶ 19:20
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