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Risky Business

Despite setbacks for high-tech startups, seniors say the jobs are worth the uncertainty

At a small company, he says he finds it exhilarating to think, "Wow, that's just us!"

According to one Harvard student, employees at larger companies often daydream about working in startups.

"They're losing tons of people to new IPOs," computer science concentrator Octavian S. Timaru '03 says of Alcatel, an established communications firm where he worked last summer. "People inside the company go and start new companies and hire people away form Alcatel."

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Employees at large companies often are frustrated that their work isn't making any big waves, he says. But at a pre-IPO startup, things are different.

"You're setting the standard," Timaru says.

A Middle Course

The good news for many students is that they may not have to choose between the two extremes. Not all startups are huge risks--as articles in Alcatel's company newspaper darkly prophesize--and not all major corporations are stifling or boring.

Timaru points out that many big companies are starting to offer attractive stock options to lower-level employees, not just managers.

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