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Another consideration may be failure on one's own terms, versus being fired on a whim:

http://en.wikipedia.org/wiki/Happiness_economics



If a company reorg (something most competent people can navigate without too much stress) makes you suicidal, I'd say that the wealth of impending disasters in a start-up (only some of which feel under your control most of the time) will drive you insane much more quickly.




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