Question

It is shortly after the case was published, you are 22 years old, you went to the university of western ontario, and you have been offered a job at lending loop as employee number 8. how might you be looking at this opportunity?

a. i am going to be stinking rich in 6 months! even if these guys are useless, 6 months from now i will be able to get another job anywhere that i want.
b. these guys are famous at western, and i am getting paid for this! eight is my lucky number, the experience and bragging rights will be super cool, and i have little to lose if i stay for a year or two.
c. bring it! both of the above.
d. neither of the above.

Answer 1

A balanced approach to evaluating the job offer at Lending Loop is essential. While the opportunity presents exciting prospects with potential for personal and professional growth, it's important to remain grounded in terms of financial and career expectations.

Step-by-step explanation:

When looking at the opportunity to join Lending Loop as employee number 8 shortly after graduating from the University of Western Ontario, it's crucial to evaluate the position with both optimism and realism. A 22-year-old recent graduate might be attracted to the start-up culture and potential for rapid growth within the company. However, it is essential to maintain a balanced perspective. Expecting to become 'stinking rich in 6 months' may not be a practical outlook, as start-up success can be unpredictable and often requires a long-term commitment and hard work.

Joining a pioneering team at a start-up could offer valuable experience, networking opportunities, and the excitement of being part of something potentially groundbreaking. This experience could indeed provide 'bragging rights' and could be considered 'cool,' especially if the company has a celebrated reputation at the alma mater. Despite these positives, it is advisable for any recent graduate to enter such a venture with an understanding of the inherent risks involved in start-ups and be prepared for both the challenges and rewards that might come.

Therefore, the most prudent approach may be a blend of excitement for the new role (option b) and strategic career planning. It's important to have a realistic approach to financial expectations and understand that while success can happen, it often takes time and effort to materialize.