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Later stage startups are able to compete successfully against FAANGs on many occasions, particularly if they're pre-IPO. Early-stage startups are less likely to
by rmk 5y ago
Later stage startups are able to compete successfully against FAANGs on many occasions, particularly if they're pre-IPO. Early-stage startups are less likely to be able to do this. But then, the motivation for joining an early-stage company would be quite different from that for joining a late-stage startup, so you need to have concrete ideas as to what you want: the compensation with lower risk, or other benefits with lower compensation and higher risk.
- throwawayyyy101 5y agoLate stage here means series D? Or earlier?
- rmk 5y agoEvery person has his own definition of what constitutes a late-stage company. For me, a company qualifies as late-stage if any of the following are true: 1. The company has filed their S-1 (including confidentially, but there are rumors). 2. The company needs funding to grow their marketshare; the fundamental product-market fit has been proven and the unit-economics may be favorable now or soon, so the capital is needed purely to grow the business. 3. The company is profitable already and simply wants to be a publicly traded company, and the discipline it brings.