Be less scared of overconfidence

When I was deciding whether to work for Wave, I got very hung up on the fact that my “total compensation” would be “lower.”

 
The scare quotes are there because Wave and my previous employer, Theorem, were both early-stage startups that were paying me mostly in  equity. To figure out the total compensation, I tried to guess how much money the equity in each company was worth, with a thought process something like:

• Both of these companies have been invested in by reputable, top-tier venture capitalists.
• The market for for-profit investments is pretty efficient, and most people who think they can do better are being overconfident.
• Who am I, a lowly 22-year-old programmer, to disagree with reputable top-tier venture capitalists? I should defer to them about the valuations.

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Πηγή: benkuhn.net