Why You Should or Should Not Work at a Startup by Justin Kan | Summary and Q&A

TL;DR

Justin Kahn, founder of multiple YC companies, shares unfiltered insights on why you should and should not join a startup.

Key Insights

• 💡 Startups have management issues, with many lacking proper mentorship and direction for employees. Stability and career pathing may also be lacking in the startup environment.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: What are some reasons why you shouldn't join a startup?

According to Justin Kahn, one reason is that management in startups often lacks effectiveness and direction, making it challenging to thrive as an employee. Another reason is that joining a startup is statistically improbable in terms of getting rich, as success is not guaranteed. Finally, Kahn mentions that if you prioritize stability and a clear career path, a startup may not be the right fit for you.

Q: What are the potential benefits of joining a startup?

According to Justin Kahn, one benefit is the chance to work on jobs you're unqualified for, giving you the opportunity to learn on the job and grow quickly. Another benefit is that working in a startup can serve as a gateway to starting your own company, as you'll be exposed to the entrepreneurial environment and like-minded individuals. Lastly, joining a startup allows you to maximize your speed of learning, gaining valuable experience even if the company fails.

Q: Can you provide an example of someone who accessed job opportunities they weren't qualified for at a startup?

Justin Kahn shares the story of Jim, who joined Justin.tv and was initially unqualified for the job. However, he quickly proved himself and ended up handling the entire backend of the site, which led to further opportunities. Jim eventually became a co-founder of Socialcam, achieved significant growth, and is now a co-founder of a company called Triplebyte, specializing in recruiting for YC companies.

Q: How can joining a startup be a gateway to starting your own company?

Justin Kahn cites the example of Finbar, who joined Justin.tv with the goal of eventually starting his own startup. By immersing himself in the startup environment, he gained the necessary experience, met like-minded individuals, and eventually co-founded a startup called Shogun. Joining a startup provides valuable insights, exposure, and connections that can be leveraged when venturing into your own entrepreneurial journey.

Summary & Key Takeaways

• Justin Kahn shares his unfiltered thoughts on why you shouldn't join a startup, highlighting issues such as bad management, limited mentorship, and little chance of getting rich.

• He then discusses three reasons why you should join a startup, including access to jobs you're unqualified for, a pathway to starting your own startup, and the opportunity to maximize your own speed of learning.

• Kahn shares real-life examples of people who experienced exponential growth and learning in startups, whether the company succeeded or failed.