5 ms·
No one forces them to take the gig. If they're smart folks they should have already done the math that "Hm, we're pre-profit, raised $X million a year ago and
by zenlikethat 10y ago
No one forces them to take the gig. If they're smart folks they should have already done the math that "Hm, we're pre-profit, raised $X million a year ago and burn about $15k * Y employees a month... We probably have about Z months left!"
Seriously, burn is not that hard to ballpark, engineers who are smart enough to code should be able to do this math and make a calculated risk.
- gohrt 10y agoballpark is nearly uses. The difference between X and 2X is huge and it's very hard to make the estimate tighter, and you don't know what not-profit metrics will impress investors to put more cash into further growth. Many many companies run for 10 years pre-profit.
- zenlikethat 10y agoIf you're not prepared to take the risk of the company going under, why work for a startup at all?
- st3v3r 10y agoCompletely irrelevant.
- zenlikethat 10y agoHow so? Understanding risk is not relevant to working at a risky-by-definition startup?
- caminante 10y agoI think even in your "non-GAAP" metric case, I would hope an employee has an idea of the risks and isn't banking on near-term payouts (months, not years). Parent's merely suggesting a Q&D sanity check that would help a lot of people who choose blissful ignorance. If you feel like I'm oversimplifying, would you mind elaborating further or sharing examples?
- st3v3r 10y ago"No one forces them to take the gig." The second someone says that, that's a sign they have no actual argument.
- zenlikethat 10y agoDid you have an actual counter argument to share?
- st3v3r 10y agoYou didn't have an actual argument to counter.
- mchaver 10y agoI agree, but I don't think that is a good reason not to share that information.
- zenlikethat 10y agoNo one is likely to share it with potential hired directly for the same reason you aren't likely to outline all the ways you might fail at the position in your job interview. If employees are concerned about it, they should just ask. Good, ethical companies will be more straight with you than shady ones.
- st3v3r 10y agoGetting that information should not be dependent on winning the "Not Shitty Employer" lottery.