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I was at a startup that failed, I was actually the last non-founder to leave. Not because I didn't see the problems, but because I was the last one of us to fin
by thrown-away-32 6y ago
I was at a startup that failed, I was actually the last non-founder to leave. Not because I didn't see the problems, but because I was the last one of us to find a new job. Everyone began looking for a new opportunity around 6-12 months before our runway actually ran out.
Here were some of the issues:
Over time, the information flow from our founders degraded in quality and quantity. When you're at a company of 5-10 people, everyone should know everything.
When engineers left they weren't replaced. Tech transfer was just a formality, and projects were shelved entirely. If a startup isn't growing, it's dying.
The founders attempted the same monetization strategy for about 2 years with zero success. Not as in "unsustainable" but literally, not a dime!
So TL;DR: if your company is shrinking, non-founders kept in the dark, and nothing seems to be changing in strategy when no one is paying you, the company is probably going to die and you should move on. However, staying around until the end of your runway will lead to a glowing reference for future job searches.
- thomgo 6y agoHow would you qualify a startup as growing? Is it limited to getting new customers?
- thrown-away-32 6y agoIn the abstract, growth means "more." Its good to ask "more what?" but the "what" depends on your business/market. You should be able to ask your founders what their growth metrics are and what they look like. If your startup is growing, it means that you as an employee will have more work to do, problems to solve, bugs to fix, features to ship, employees to help onboard, meetings to schedule, etc. When that starts to stagnate (no new hires, no new sales, no new bug reports or feature requests, nothing new to discuss with colleagues, etc) that implies a lack of growth.