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Y Combinator Startup Podcast

Should You Quit Your Job At A Unicorn? | Dalton & Michael Podcast

Nov 6, 2023
13:31
Snipd AI
This podcast discusses whether employees should quit failing unicorn startups and highlights signs that it's time to leave. It explores the prospects of employees at late-stage unicorns, including the risks of equity becoming worthless. Important considerations for staying at a unicorn company are revenue growth, product-market fit, and user retention. Reasons to leave a unicorn company include gaining more responsibility and equity at an early-stage company. Evaluating a company's performance involves aligning all-hands meeting messages with facts and thinking critically about information.
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Podcast summary created with Snipd AI

Quick takeaways

  • Assess the health of a unicorn startup by considering revenue, user satisfaction, product-market fit, and customer engagement.
  • Timing is crucial for employees at late-stage unicorns, and considering opportunities at smaller, earlier-stage companies can be advantageous for career growth and better equity terms.

Deep dives

Assessing the Odds of Success for Unicorn Startups

With over 1,400 unicorns in existence, the podcast examines the realistic likelihood of all these companies going public successfully. Assuming an optimistic estimate that one-third of the unicorns are expected to thrive and achieve a successful IPO, the remaining two-thirds are likely to face challenges. For employees in later-stage unicorns, the strike price of options tied to valuation becomes a crucial consideration. And in the event of an acquisition, employees may have to reinterview for their jobs, potentially ending up at a big tech company they were trying to avoid.

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