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Why are so many people swapping corporate life for startup culture?


Hoards are swapping corporate culture for startup life. It comes as a result of the maturing startup ecosystem, this VC explains.

There’s no denying that working in the corporate world can have many benefits.

Scalable infrastructure, well-defined company culture, employee growth and long-term company goals are all key areas of investment for corporates.

It explains why big companies often have great training programmes, experienced managers and experts across every sector.

Yet despite the benefits, working 9 to 5 for an established company can end up being mundane.

Perhaps it’s the persistent red tape wading, or stifled creativity, but there’s been a quiet seismic shift occurring in the background of business. Hoards of people have been ditching corporate life for startup culture.

The transition toward greater social acceptance comes down to a maturing startup ecosystem

They’ve been greeted with hugely increased responsibility, higher highs, lower lows, longer hours and big risks. All are part and parcel of everyday startup life.

It can be a real rollercoaster ride, and the increased social acceptance of this career path comes as a result of a maturing startup ecosystem.

The Venture Development Director of Index Ventures, Dominic Jacquesson believes that the transition toward greater social acceptance comes down to a maturing startup ecosystem.

And it can be seen in the data.

“In the data I have seen, there were 13 unicorn business that emerged in Europe over the past 12 months, and we’ve had several exits in our own company over a billion dollars in the last 12 months.”

Companies like King.com (creators of Candy Crush Saga), Criteo and Just Eat are all a part of the unicorn list.

These big European exits have had the dual effect of really activating the ecosystem and drawing people in, instilling hope into the hearts of graduates and startup searchers everywhere, all of who believe that one day their contribution will help rocket a business to success.

“People are saying hey, my career could really go somewhere faster and further than it can in more traditional sectors.”