Jason Voorhees
๐ธ๐๐๐๐๐๐๐๐ ๐ฎ๐๐๐ โข ๐๐๐๐๐ฅ
- Joined
- May 15, 2020
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I'll set the scene you are young software dev who landed in bay area just a few months back working for a big tech company. Great TC, free snacks, and ofc the customary we own your soul but atleast the pay is great
vibe. Life is hectic 12 hour days, constant fire drills visa leash is tight, but otherwise life is great.
And you receive a cold email from a pre-seed startup. Another immigrant like you in spirit on a visa but from Russia, and trying to build something that could actually matter. They're offering you founding engineer and CTO position with ~40% equity. No salary, just equity and a shot at building the next unicorn.
On the surface it sounds incredible. 40% in a startup if that hits it could make you a billionaire overnight. But here's the catch. It's a true pre-seed (barely any funding and you're both immigrants, normally not a problem because most sillicon valley giants and companies were founded by immigrants but you are now in the Trump era environment so the rules have tightened significantly.
Your visa is 100% tied to your employer. If you leave Big Tech for the startup and it fails, you only get a short 60 day grace period to find another sponsoring company or you have to leave the US. Visa extensions and transfers no problem at all in big tech. Don't even think about it. A tiny pre-seed startup it's risky. Especially with the new $100k+ one-time fees on many H 1B petitions and the shift to a wage-weighted system. One failed round or funding winter and you are catching the next flight home from SFO but it's not like it's impossible. There are many people who dared to jump into the abyss and came out victorious.
Aravind Srinivas. Founder of perplexity.
Eric Yuan, Founder of Zoom
Andrey Khusid, CEO of Miro
So my question. What is your move?
Stay at Big Tech for the paycheck, visa safety, steady wages but wage slaving for a long ass time even with layoff risk ?
Or roll the dice on 40% equity with a fellow immigrant founder and swing for the fences in this climate with a possibility of making generational wealth?
What's your move, Captain?
vibe. Life is hectic 12 hour days, constant fire drills visa leash is tight, but otherwise life is great.
And you receive a cold email from a pre-seed startup. Another immigrant like you in spirit on a visa but from Russia, and trying to build something that could actually matter. They're offering you founding engineer and CTO position with ~40% equity. No salary, just equity and a shot at building the next unicorn.
On the surface it sounds incredible. 40% in a startup if that hits it could make you a billionaire overnight. But here's the catch. It's a true pre-seed (barely any funding and you're both immigrants, normally not a problem because most sillicon valley giants and companies were founded by immigrants but you are now in the Trump era environment so the rules have tightened significantly.
Your visa is 100% tied to your employer. If you leave Big Tech for the startup and it fails, you only get a short 60 day grace period to find another sponsoring company or you have to leave the US. Visa extensions and transfers no problem at all in big tech. Don't even think about it. A tiny pre-seed startup it's risky. Especially with the new $100k+ one-time fees on many H 1B petitions and the shift to a wage-weighted system. One failed round or funding winter and you are catching the next flight home from SFO but it's not like it's impossible. There are many people who dared to jump into the abyss and came out victorious.
Aravind Srinivas. Founder of perplexity.
Eric Yuan, Founder of Zoom
Andrey Khusid, CEO of Miro
So my question. What is your move?
Stay at Big Tech for the paycheck, visa safety, steady wages but wage slaving for a long ass time even with layoff risk ?
Or roll the dice on 40% equity with a fellow immigrant founder and swing for the fences in this climate with a possibility of making generational wealth?
What's your move, Captain?
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