Crunchbase News is the company blog of Crunchbase, covering startup funding, IPOs, venture capital trends, and startup ecosystems.
HN uses it as a source for startup ecosystem rankings and funding data, and commenters sometimes dispute its conclusions against other sources.
IMHO, stay put. At your compensation, it's going to be nearly impossible to join a startup and have the opportunity cost make sense.
Do what you're doing for as long as you reasonably want to, or until the comp drops off. Hopefully you're saving, and then you can either be a founder or an investor/advisor once you want to get involved with a startup and have it be better worth your time.
>- If I accept a position with 1% equity, the company exit would need to be at least $500M just to match my previous comp.
Layer in some assumptions here and I think it needs to be a lot more than that. I think, currently, it's on average 5-7 years between first funding and IPO, with let's say 5 fundraising rounds. [0] Being optimistic and assuming 10% dilution each round, maybe you have 0.6% at IPO time. To cover that 7M of opportunity cost, you need closer to a $1.2B exit.
This isn't even factoring the odds of picking a winner that actually exits! Unless you really don't like what you're doing right now, it makes sense to keep that going as long as possible, then exit to the couch and do whatever you want.
(Also, someone tell me if I did bad math. I do bad math.)
[0]: https://about.crunchbase.com/blog/how-many-rounds-of-funding-do-companies-raise-before-exiting/
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Hmm interesting. I checked up two other sources[0,1] and those ones have US / UK / Israel / Canada / Australia etc above Norway when it comes to Startup environment. So I still don't see enough evidence for the original point (healthcare and cheap housing being essential). A lot of those countries (esp. UK / AU / Canada) apparently have a housing situation far worse than the US. And yet, they are thriving compared to other countries.
Btw, I will also admit that France is ranking much better per those sources. So now it seems evidence for "cheap housing being essential" is all over the place?
[0] https://about.crunchbase.com/blog/trends-global-startup-ecosystem-2022/
[1] https://ceoworld.biz/2021/01/03/worlds-most-entrepreneurial-countries-2021/
its annualized revenue is growing at a rate of 143% year-to-year, with net retention of customer spending at 153%.
Net dollar retention is the metric anyone judging a SAAS business should be looking at. 153% is nearly the best I've ever seen - Twilio was 155%, Slack 140% at IPO[1], Sendgrid 115%, Mulesoft 117%[2]
[1] https://gopractice.io/blog/slack-ipo-reading-between-lines/
[2] https://about.crunchbase.com/blog/net-dollar-retention/
> Berlin is a major European tech hub
Yes, between Tel Aviv and Shanghai [1]. Though on a VC metric, it’s a minor player [2].
[1] https://about.crunchbase.com/blog/top-startup-ecosystems-in-2020-ranking-1000-cities-and-100-countries/
[2] https://startupsusa.org/global-startup-cities/
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