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Depends on the startup, what stage of funding, what industry, what role you’re entering in, what level of experience you have, what your financial/career situation is, what your goals are and your individual risk tolerance
Pro
I didn’t take a salary for the first 2 years. Then took a small salary. At about 4 years I was at a normal salary. It’s extremely risky, extremely expensive, but the upside can be substantial. As a small business owner I had a few days where I made 30k. That doesn’t happen very often working for someone else.
Depends on what you’re looking for. You’ll learn more at a start up but work harder. If your financial situation allows you to take on some risks, I think it’s a good idea. You already have BCG on your resume so you don’t need to worry about brand equity in case you want to come back to a normal job.
I’d recommend looking into the healthcare tech space. I honestly feel like that’s the future after C-19.
Also interested in getting into the healthcare tech space. What areas/companies do you have your eye on.
Apart from starting your own business a startup is about the only way you'll have a shot at making seven figures or even mid-six figures within years. Downside is way more risk, more work, more stress, no benefits, bad pay, and being constantly told all that work and low pay will be worth it when you have your IPO - which may never happen.
Already work hard so no problem with that. Benefits might be challenging given how good healthcare insurance consulting firms offer
Even if I end up making similar money as consulting I think I might be happier
Do you work at startups?
Chief
There are so many different dynamics to consider. You could make it big and have a pay jump. Depends on your risk tolerance. Depends what Series startup. So many things that only you can answer