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In terms of total compensation, FAANG-sized (Facebook, Apple, Amazon, Netflix, Google) companies are among the best in the world. If you want job security and the highest possible salary, there's nowhere better than a Big-N tech company.
However, thousands of people leave FAANG companies for startups every year, for a variety of reasons. Often, they leave because they want:
A role where they can have a bigger impact on the company.
A chance to work with a new, cutting edge technology.
To be an early employee (and equity owner) at the next tech giant.
To get a better understanding of why people leave FAANG companies—and what they're looking for in their next roles—we collaborated with Blind, a trusted online community where 2.8M+ verified professionals anonymously share advice, provide honest feedback, and discover relevant career information.
After comparing Blind data with AngelList's startup data, we noticed an interesting trend around people who leave FAANG companies for startups: They tend to join the same companies.
In fact, we've found that there is a small subset of startups, spanning all stages of fundraising and sectors of technology, that consistently recruit talent away from the top tech companies.
Below, we've listed the top 15 startups people are leaving FAANG companies for—all of which you can apply to on AngelList today.
To curate this list, we analyzed Blind's data on which companies FAANG employees most frequently search for, AngelList's data on which startups hire the most former FAANG employees, and more AngelList data on which startups are growing the fastest.
Founded by PayPal cofounder Max Levchin, Affirm is one of the hottest FinTech companies in the world right now. The startup allows users to make online purchases on credit, paying back the loan in installments, all without any hidden fees or compounding interest.
Beyond high salaries—and a benefits package that includes commuter benefits, gym membership reimbursement, and an educational stipend—Affirm also offers employees an extra monthly allowance to spend through Affirm, both to better familiarize them with the product, and to help you indulge a little.
One of the biggest names in cryptocurrency, Coinbase, the digital currency exchange, has raised nearly $550 million since its founding in 2012. With over 25 different digital currencies supported, Coinbase is effectively the center of the crypto trading universe.
Culturally, the company strives to maintain an intellectually rigorous environment, saying, "We take continuous learning to heart. We often dive into computational, financial and economic theory to better understand the engineering problems we face." If this sounds like you, read on.
Back in June, mortgage tech startup Blend raised a $130 million Series E, reportedly bringing the company to the cusp of unicorn status. The company, which makes it easier for users to apply (and be approved) for mortgages, has a very process-focused attitude towards work, saying "We focus on improving our decision-making quality instead of fixating on immediate outcomes."
Medical coding is a labyrinthian field. For every imaginable medical situation, there is a specific code defined by the World Health Organization (if a patient is hit by a car, for example, the code is V03.10XA). Instead of training humans to encode this data, Fathom uses deep learning to read, structure, and understand electronic health records.
If you're interested in deep learning and/or the health tech space, checkout Fathom.
Remind is a communication platform that helps every student succeed by allowing educators to reach students and parents where they are. With free and paid options that support engagement at every level in a school or district, Remind connects educators and families with resources that help them teach and learn.
IFTTT, whose name stands for "IF This Then That," allows users to create conditional chains between different applications, all without writing any code. Want your Hue lights to turn on automatically when your delivery driver brings food to your door? Or maybe you just want to receive weather updates every day before you leave for work? IFTTT makes it simple and easy for all users to automate their lives.
Founded by former Amazonians, Bungee enables enterprises to access local data, worldwide, through a network of global end-points. Their technology expands networking avenues and simultaneously mimics real users to allow customers gain access to global data on-demand to drive critical business decisions.
Founded in 2013, Flexport is a full-service air and ocean freight forwarder, providing a robust platform and end-to-end service for modern logistics teams. Real-time tracking, structured data, shipment-specific communication, and a dedicated team of experts make running your supply chain through Flexport simple, reliable, and accurate.
Nextdoor is the world's largest social network for the neighborhood, enabling truly local conversations that empower neighbors to build stronger and safer communities. Building connections in the real world is a universal human need. That truth, and the reality that neighborhoods are one of the most important and useful communities in our lives have been guiding principles for Nextdoor. Today, neighbors rely on Nextdoor in more than 242,000 neighborhoods around the world in the United States, the United Kingdom, Germany, France, the Netherlands, Italy, Spain, Sweden, Denmark and Australia, with many more to come.
Origin is developing a new approach to additive manufacturing, designed for companies that want to stretch the boundaries of production with 3D printing, cloud computing, and an open materials network. The company says they are looking for "Top performers to join a growing team made up of talent from places like Google, Apple, and Autodesk."
Bolt is focused on building technology that "perfects the checkout experience"—and the company is growing fast, with over 50 jobs currently posted to AngelList. The startup's cultural tenets include "Be 20% Wrong," "All or Nothing," "Chase 10X, Not 10%," "Writing Over Talking," "Extreme Ownership," and "Win as a Team." If any of this sounds like you, consider checking Bolt out.
BlackBird is a flight-sharing marketplace that uses technology to create a seamless experience that feels like a combination of Airbnb and Lyft, getting travelers to their destination through the magic of private flight. Rather than restricting air travel to the crowded, commercial airports, BlackBird offers customers an option for quick, affordable air travel to popular destinations near any airport - whether the big commercial ones, or the regional ones.
Improbable is the company behind SpatialOS, a cloud platform that provides hosting, online services, tools and a multiserver networking stack for developing and operating your multiplayer game, using any engine.
Remitly is a fintech company focused on providing financial services to immigrants. In their own words, Remitly is "here to help the millions of immigrants around the world who make the huge sacrifice of leaving their families behind to live and work in another country. These unsung heroes deliver on their promises to take care of those they love and provide them with upward mobility, improving their quality of life. We work hard to help their hard-earned money stretch farther so more make it to their loved ones safely."
All of the above companies were surfaced with the support of Blind, a place where 2.8M+ professionals worldwide share advice, provide honest feedback, improve company culture and discover relevant career information.
If you're a professional in the tech world, join Blind today.
Here at AngelList, we strive to empower anybody interested in startups to find the right resources to succeed - whether you're job seekers, investors, or builders, we provide the right jobs, investment opportunities, or new products to help you succeed. As we continue our journey to build the world's largest startup community, we are given the privilege to connect with promising startups all around the world every day. In this collection, we put together a list of some of the most interesting startups to keep on your radar in 2020. The list is based on our internal survey of numerous AngelList employees who interact with thousands of startups every year. From seed round companies about to make their presence known in the market, to well-established companies that have already raised significant capital but are still flying under the radar, here's a list you won't want to miss.
Thousands of jobs were posted to AngelList in September of 2019. To make sure you didn't miss any high paying roles, we broke down the startups posting the highest paying jobs in September, and listed them (in no particular order) below.
These jobs vary across cities (even remote) and across specialties. If you're looking to upgrade your pay, read on.
Perks on their own aren't a good reason to join a company—but they're still nice. Having ample time off, for example, can make life significantly less stressful.
Vetting a company's perks, however, can be tricky. Oftentimes, these things aren't listed on job postings. To help with this, we built AngelList's new company profiles to include information about companies' perks and culture.
For example, here are 22 startups in San Francisco that offer generous vacation time, all of which you can apply to via AngelList today.