img

overpaid for others, just the start for me

after seeing posts on here yall wont proll believe me but who cares im 18, a highschool dropout who’s been working at startups since 2022 started out in crypto infra companies as a backend dev and now building in ai/crypto. started out as an intern during 11th/12th grade at an agency then went on to work at crypto infra for ~year then took a break to finish highschool, then working at another us based startup now this is how my comp progressed 15$ / hr at first agency job ( did like 20-30 hrs a week since had school going on asw ) promoted to 20$ / hr after 2 months, left shortly after cuz boring work friend from twitter referred me to this crypto infra company and i had 0 knowledge in crypto, but still started working with them as an intern was doing 450$ a month for 3 months then we raised a small check from an angel then did 2500$/month for the rest of my time before quitting to finish school then after school got over was finally able to start working again, again through a referral and through twitter reachouts, multiple crypto founders dmmed me, trialed at some places didnt like many, then chose a fully remote, async, lean team building an amazing product started out at 4k$ a month during trial then when i switched fulltime negotiated to 9k$ a month worked for a few months then left cuz thought since i was on a gap year might as well do my own thing than work for someone then was building my own shit in crypto for a few months, then decided college is useless for me then joined them again as a blockchain researcher at 12k$ a month so i’ll specify some nuances i have twitter reach and everytime i tweet something related to me being unemployed i get like 4-5 dms with offers most of them are founders reaching out at series a-c companies i dont like most because shitty structure im super spoiled in the terms of remote async and full leadership end to end im pretty dumb tbh, just did the right thing at the right time but still learning on the daily!

img

JadeArgent

Independent Law Practice

a year ago

img

SabChangaSi

Stealth

a year ago

img

Elon_Musk

X.com

a year ago

See more comments
Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Business Roles on

by mellow007

Startup

Started off career in startups

Hey All I graduated in 2021 out of DU and parallely converted my internship with a preseries A fintech startup for a full-time role, pay was less that what I would've got in campus placements, but I prioritised steep learning curve or a 15k per month salary difference. After spending 15 months reporting directly to the ceo in a 150 member team, I resigned. Initially the pace was enjoyable, later on it became toxic. Moved to Bangalore and joined another start-up, didn't take a huge hike since I just wanted to start somewhere. After working here for 7 months, now I have much for focussed idea on what my strengths are and I'm working with experienced folks (avg 8+ years). I'm a 22 year old working in the founding team of pretty good product startup (funded by Kunal and bunch of other angels). Currently I'm at 6LPA, and would reach a 12LPA in thr next 3-4 months subject to fundraise, what I would like an opinion on is if after completing an year and we don't raise a round, do I stay? Or do I go back home and prepare for Gmat or CAT, then do aan expensive MBA by taking a loan? Or do I find another startup asking for a 12LPA? or do I try for a established company role in program management or partnerships or something? I don't have any family money or business to fall back on, but fortunately I didn't take a loan for my education yet, and my parents would be okay to give me another 2 more years to figure things out. Would appreciate help from anyone who've been in a similar journey or just any piece of advice. Thanks!

img

Indian Startups on

by WhimsicalStitcher

Stealth

Raised $5M+ for web3 startup, shut it down. Notes on conviction vs hype 🧵

Alright folks, time for some real talk. I fucked up. Big time. And I'm here to share my story so you don't make the same mistakes I did. Back in 2021, I co-founded a web3 startup. Yeah, you know where this is going. I was caught up in the hype, the FOMO, the promise of changing the world through DAOs. Spoiler alert: We raised more than $5M in seed funding, burned through half of it, never hit product-market fit, and ended up shutting down and returning the remaining capital to our investors. Here's how it went down: It all started when I fell down the web3 rabbit hole. I read a few whitepapers, watched some YouTube videos, and suddenly thought I was the next Vitalik Buterin. I had this "revolutionary" idea for a DAO that would democratize venture capital. Sounds cool, right? I thought so too. Now, here's the thing - I'm a great pitcher. Give me a deck and 30 minutes, and I can make almost anything sound like the next unicorn. So, armed with buzzwords and a slick presentation, I hit the VC circuit. And holy shit, did it work. We were a great team, stellar credentials so were able to close the fundraise pretty quick. I still remember the day we closed the round. Popping champagne, dreaming of TechCrunch headlines once we did our Series A, all the jazz. But here's what I didn't realize at the time: I had zero conviction in what we were building. I was so caught up in the excitement of raising money and being part of the "next big thing" that I never stopped to ask myself if I truly believed in what we were doing. Reality hit hard and fast. As we started building, I realized I didn't really understand the problem we were solving. Our target users weren't as excited about the product as we were. We pivoted, then pivoted again. But nothing stuck. Eighteen months in, we had burned through $3M, had no clear path to revenue, and my co-founder and I were at each other's throats. That's when it hit me - we needed to shut this down before we wasted any more of our investors' money. Making that call was the hardest thing I've ever done. Telling our team, our investors, our families - it sucked. But it was the right thing to do. Here's what I learned from this expensive and humbling experience: 1.⁠ ⁠Hype is not a business model: Just because something is trending doesn't mean it's a good business opportunity. Do your own research, understand the market deeply. 2.⁠ ⁠Raising money ≠ Success: It's easy to get caught up in the vanity of a big round. But money just buys you runway, not success. 3.⁠ ⁠If you can't explain it to your grandma, you don't understand it well enough: I couldn't clearly explain our value proposition without resorting to buzzwords. Red flag. 4.⁠ ⁠Team alignment is everything: Make sure you and your co-founders are on the same page about the vision, not just the potential payout. 5.⁠ ⁠Listen to the market, not your ego: We ignored early signs that users weren't as excited about our product as we were. But the biggest lesson? You need 100% conviction to run a startup. Not 90%, not 99%. 100%. Building a company is hard. Really fucking hard. There will be days when everything seems to be falling apart. If you don't have absolute conviction in what you're building, you won't have the resilience to push through those times. Looking back, I realize I was more in love with the idea of being a founder than with the problem we were solving. I was chasing clout, not impact. To anyone out there thinking of starting a company: Please, please, please make sure you have unwavering conviction in your idea. Make sure you're solving a real problem that you deeply understand and care about. Don't do it for the hype, the money, or the status. Do it because you can't imagine doing anything else. As for me? I'm taking some time off to reflect. Next time (if there is a next time), I'll make damn sure I believe in what I'm building with every fiber of my being. I sort of see this happening now with AI, please take a pause. Let's learn from each other. Because trust me, learning this lesson the hard way? It ain't fun. Keep building!

img

Software Engineers on

by meowww

Stealth

Startup let go Eng team on 1 day notice

It's gonna be long thread. I have been working as lead engineer in a early stage startup since last one year. Founder (20 years exp in Product Management) raised some money from friends & family to start it and but company was running negative from February and he put his money to pay employees salary for March & April and We were hoping for some investment in April but that didn't happen. During May & June, he was looking for funding more aggressively and even after having a good background in academics & top tech work experience in product management, no investor got convinced to invest in it. Our salary for March & April was delayed from actual payroll date by 7 days and 21 days respectively and We were expecting our May salary to be delayed by same period and our company was about to complete one year in first week of July so we had some one year benefits associated as well. But Boom, he invited everyone on call and tells that company will shutting it's operation from next day itself. And he will help us find our new jobs and he doesn't any clarity on pending salary. Although we knew, our company is not in good shape so salary cut or something might be happening soon but didn't expect this. Now, we have to find other jobs and also be unemployed while searching for job and also get exploited by other companies because we will be desperate to find jobs to pay our bills. I think, he did this just before 5-6 days of our one year anniversary just because he doesn't get legally bound to pay our one year benefits. I for sure, not gonna join any early stage in future who doesn't have enough funding. Just wanted to put this story out of my mind. Open for any suggestions you have for me Thank you

img

Personal Finance on

by TastyTensor9

Venture Capital

Most people I work with are worth 1Cr+ after 25. I have figured their secret 😛

I have seen a lot of questions here about how to become rich or successful. I initially thought I could make a course and shill it on LinkedIn, but then I decided against it. Context is: I work in a field where most around me are making a lot of money, and typically everyone's a crorepati by 26/27. That's what I have seen. Their secrets: 1. They work 12+ hours a day consistently for 5 days a week, and then some more on Saturday (sometimes Sunday). Even at the peak of covid, when everybody was scared and would avoid working, these fuckers would. 2. They are ultra competitive. They will compete on anything, not just work. They are addicted to poker. They will debate anything during lunch time, no matter how frivolous it is. Pure TYPE A folks. 3. They never complain about working hard. It's just second nature for them. Stems from IIT/IIM days, but continues. They don't question it. (I do, because I am not them) 4. They obsess over money. They constantly try to figure out where they can make more money. All invest actively. 5. They are incredibly well read. Can speak at length on any topic. They truly love going deep into a topic and coming out with the crux of it (or so they may think). Now I know one thing. These are very obvious things. Everybody knows if you do this, you probably would become successful. But my takeaway is to do it. It's super difficult. But at my age, I have no option but to not try, now that I have seen how its done.