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Early stage hires at startups have the worst of both worlds: they face the downsides (lower wages, tons of risk, expectation to work long hours) but have muted
by TAForObvReasons 8y ago
Early stage hires at startups have the worst of both worlds: they face the downsides (lower wages, tons of risk, expectation to work long hours) but have muted upsides (small equity grant relative to founders, not even guaranteed to be hired in an acquihire situation). It is arguably even riskier than being a founder.
- deleted 8y ago[deleted]
- brianwawok 8y ago> It is arguably even riskier than being a founder. Depends what the founder put in. Founder put in 100k? Or founder put in 12 months of unpaid work to build a MVP? He has a fair bit to lose on a splat. Engineer #7? I suspect most developers can find a new job in 1-2 weeks, so the only thing "lost" is potential equity.
- sidlls 8y agoWhy do you suspect that about developers? I've yet to have a hiring process be faster than a month, and that was unusual. The last time I went looking the turnaround time from recruiter pre-screen to an offer was six weeks. My job hunt lasted three months and I ended up not taking any of the middling offers I got. These were mostly series A and B "startups." I've shifted my focus to bigger, FAANG-like companies.
- pinewurst 8y agoI totally agree with this. I've been in two early stage startups like the OP, both high reputation. The first gained me ~US$12,000 on IPO (I put it towards a Nissan 300ZX Twin Turbo :) and the second, US$0 (ironically having that car was part of why they hired me :). Definitely a loss if one counts emotional wear. I still have dreams about being back at the 1st place and they're not good ones.