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I like this as a great starter list. When I joined my first startup 8 years ago, I didn’t know to ask basically any of these questions. I just assumed I’d work
by wjossey 8y ago
I like this as a great starter list. When I joined my first startup 8 years ago, I didn’t know to ask basically any of these questions. I just assumed I’d work hard and get a Lamborghini some day (only half joking).
On the fundraising side, I’d add, “What is your fundraising steategy” when talking to the founders. This massively changes potential value calculations in terms of equity. I know some founders who are focused on not raising funds and pure profitability, others who are focused on growth by any means. Part of the calculus here is that by not shooting for more fundraising rounds, the founders may be signaling that they won’t be selling anytime soon. In that case, you should look to understand what your exercise rights are for your options. Do you have to exercise within 90 days, or is there a grace period?