Americans have a glorified imagining of start-up companies these days. Internet and software success stories have been mythologized as the ideal quick but hard-fought come-up for savvy young people. In pop culture, shows like Silicon Valley play up on the trope of nerdy could-be software billionaires; a new movie out later this month, The Intern, pits a retired-but-wide-eyed Robert De Niro against the apparently instant success story of Anne Hathaway; and, five years ago, The Social Network fabled the launch of Facebook. But despite our collective zeal, startups almost never last, and the frat-house-like work environment we sometimes see projected on the big screen is just as misleading, if not impossibly rare.
Still, there’s a reason narratives about successful startups are booming, and while the trend is current, it’s also a tribute to this country’s uniquely entrepreneurial tradition. Even though the odds of making it big as a startup founder or early-round employee are slim, the wide spread of freshly-launched businesses is constantly opening up new job pools. And while the risks involved with taking a position at a new business are probably obvious, it’s also worth planning for the potential of success. Many of us have a plan for negotiating towards a higher salary or better job benefits, but it’s rare—especially for millennials—to sit down and plot out the possibility of owning a small stake in a business you work for. The prospect of exercising an employee stock option can be daunting and complicated, but it doesn’t have to be a complete unknown.
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