![]() ![]() You might work at a large tech company, in financial services (IB, PE, etc.) or consulting. If you stumbled upon this guide, my guess is you’re either a current college student or under 5 years out of college. The updated list of “hot companies” below will hopefully reflect these changes and more. I continue to believe that the unsexy, large, fragmented industries continue to be exciting and that cloud software is still in its earliest innings. ![]() Web3/crypto may appear to be dying, but now may also be the time when the category-defining businesses are built and the true believers persevere. I’m a believer that generative AI will be game-changing, but many companies building here are certainly overhyped/overvalued. ![]() My general advice is don’t chase hype cycles and follow your passions. Crypto is out, generative AI is in – as is expected with startups, certain areas are heating up and others are cooling.Only at senior levels (staff engineer/director/VP) are cash compensation packages taking a hit. In many cases, equity packages are higher than before in order to accommodate for 2020/2021 overvaluation. Compensation remains largely unchanged – despite what many are saying, the data indicates that overall compensation packages (in terms of cash and equity), remain competitive for young people and have not taken hit (see data below).Most importantly, these companies have fairly priced valuations, making your equity packages more likely to be worth something down the line. The best bet is to look for companies that have raised in the past 6 months (2H 2022) – these are the companies that had the metrics and story to raise in a downturn, they have the cash to hire new talent, and they have the runway (likely 2+ years) to weather whatever happens in the markets.Startup jobs are much harder to get – given the market environment, startups are optimizing for preserving cash and extending runway, which means they are much more selective than before and less likely to take a bet on hiring young people without a ton of experience.Before we jump in, a quick summary of what has changed in the past few years and the job market outlook for 2023: Jobs at high-growth startups offer some of the best opportunities to learn new skills, build your network, and create long-term wealth. While things have cooled off considerably, I continue to believe that joining a startup is among the very best career options for young people in 2023. I originally wrote this guide in 2020 when tech markets were at an all-time high and venture-backed startup jobs were among the most desirable. The Ultimate Guide to Finding a Startup Job ![]()
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