3 ms·
A recruiter friend who normally works with startups have always advised me to treat stock options as a bonus and never a true consideration. As an entrepreneur
by tixocloud 8y ago
A recruiter friend who normally works with startups have always advised me to treat stock options as a bonus and never a true consideration.
As an entrepreneur who's looking to build a team, I completely understand that they will try to sell you on their vision and all the benefits and wonderful things you get for being part of a startup. But you'll have to ask yourself if you feel that the vision is something you believe in as well? What stage is the startup at the moment? What's the founders' exit strategy? What is their philosophy on engineering/corporate culture?
- sreedhar 8y agoThe startup is around for more than 7 years. Less than 15 people in the team. They got some funding recently and another partnership. Hence they are trying to grow their team. The domain has some overlap with what I do. So, they will definitely gain from that from me. I think the Founders' exit strategy is to get acquired by some other big player. They have been growing their product slowly as and when they get feature requests from their clients.
- EduardoBautista 8y ago7 years and still a “startup”? They just want cheap labor from you.
- tixocloud 8y agoI would be slightly wary about the leadership if they have been around for 7 years with less than 15 people and thinking of being acquired. Acquisitions usually happen because of tech, customers, or talent. Are there any assets within the company that you feel would be worth acquiring? If this event doesn’t happen, your stock options are virtually worthless. Equally important is checking the price they are offering to you for the options - my strike price was set so high at a previous company that the options were just worthless because we were never going to sell for that high.