I was 23 and didn't know anything about startups. Peter Thiel offered me a big equity stake and a full year's salary to quit my stable job at Microsoft and join a startup he was starting. It wasn't even a risky decision. I still said no, and it cost me $200M.

When opportunity knocks, you should think about taking the risk. If you're good, it's often the only way you can actually get a larger piece of the kind of value you can create when making software. There are lots of good reasons to work at a big tech giant, but there are also downsides. We talk through those things.

Don't make my mistake. Make all new mistakes.

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00:00 Intro
00:32 How it went down
02:32 How to make what you're worth
03:26 Big company upside
03:50 How to avoid the downsides
04:27 Work at a startup or start yourself

EDIT NOTE: Google actually makes $1.6M annualized net revenue per employee per year, not profit. Apologies for the imprecision.