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YC

Y Combinator Cast

04/21/22

@ Y Combinator

Loss aversion plays a significant role in why employees stay at FAANG companies; the fear of losing vested equity can lead to irrational decision-making.

Video

YC

Why You Should Leave Your FAANG Job

@ Y Combinator

04/21/22

Related Takeaways

DM

Dr. Michael Platt

02/17/25

@ Andrew Huberman

The phenomenon of loss aversion suggests that people feel the pain of losing more acutely than the pleasure of winning, which can skew their decision-making processes.

MS

Michael Seibel

04/21/22

@ Y Combinator

The perception that engineers from FAANG companies can easily raise venture capital is misleading; while it may help initially, staying too long can diminish that advantage.

DM

Dr. Michael Platt

02/17/25

@ Andrew Huberman

When making choices, people often pay more attention to potential losses than to potential gains, which can lead to loss aversion and impact their decision-making.

MS

Michael Seibel

04/21/22

@ Y Combinator

Working at a FAANG company can create a dependency on their tools and infrastructure, making it challenging for founders to adapt when starting their own companies without those resources.

KN

Kirsty Nathoo

04/28/17

@ Y Combinator

Investors prefer companies where founders are committed and cannot easily quit while retaining a large equity stake, as this reduces risk for their investment.

YC

Y Combinator Cast

04/21/22

@ Y Combinator

It's crucial to have a clear plan when starting a job at a FAANG company, including what you want to achieve and when you plan to leave.

YC

Y Combinator Cast

04/21/22

@ Y Combinator

The retention trap involves vesting equity over four years, which can create a financial incentive to stay longer than intended, even if you're unhappy.

YC

Y Combinator Cast

04/21/22

@ Y Combinator

If you find yourself dreaming of quitting your job at a FAANG company, it's a strong indicator that you might need to consider leaving.

CW

Chris Williamson Cast

04/01/25

@ Chris Williamson

People often fear change due to loss aversion, which makes it painful to separate from familiar situations, even if they are unhappy.