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Saturday, January 7

For every risk, there exists some reward! Not!

Some people seem to misunderstand the "high risk, high gain" maxim. They argue that if I am taking some risk, I should get the reward. I recently heard a candidate expecting 100% raise when considering an opening at a startup.

When you hear "high risk, high gain", pay attention to the order. Risk comes before gain. Often much before. And the fact that the (monetary) gain is not guaranteed is part of the risk (in the startup environment).

While you are at it, find out about the concept of expected value. Your aim should be to maximize the expected value of your reward over next N years of your career. Now depending on your definition of reward, that might mean that you are better off in a job with a bigger company which is perfectly rad. But at least, you won't have ridiculous expectations!

PS: Just as I was posting the article, the right idiom occurred to me: You cannot have your cake and eat it too. So there.

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