Trends of quitting multinationals to join domestic startups

The trend of quitting multinationals to join domestic startups seems to be passé. The new flavor of the season seems to be risk taking. Top executives from now established startups are throwing caution to the wind and quitting to join budding firms. Deena Jacob, former CFO at a well-known startup TaxiForSure joined a young startup Helpchat, which was then not even a year old. Kaushik Mitra shifted from kid’s portal FirstCry.com to TranServ, a company engaged in digital electronic payments. Many top executives at startup companies that have made a mark, have begun shifting to nascent companies. Salary hikes are not a consideration: they believe early stage companies are the next best bet to entrepreneurship. Executives claim that with a younger startup results are in front of you-numbers, revenues, and workforce. While younger startups provide more space for innovation and higher employee stock ownership plans (ESOPs), it also gives a chance to build a company, bust the valuation of both the startup and self-resume. The new ventures welcome the trend.