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Not to sound rude, but I don't think you are going to get much response from this. It may help to clarify several items. 1. Who are you and your current team?
by jeffmould 11y ago
Not to sound rude, but I don't think you are going to get much response from this. It may help to clarify several items.
1. Who are you and your current team? Have you done a startup before? What was the end result of that? What makes this startup special?
2. You are asking the applicant to take on significant risk from your posting. First, you want someone to apply that has a good bit of experience, but are only offering equity for the time being. Second you are making two very big assumptions: (a) that you will have a liquidity event in 2 years; and (b) that you will obtain funding towards the end of the year. While these sound great in theory, there is a better than average chance this will not happen. How does the applicant guard against developing an entire platform for you and a year from now still not being paid?
3. You are not providing any details regarding the business until an "in-person interview". Sorry but I don't know many people that will travel just to go to an interview to find out what a company is planning to do.
4. I understand that this is a "co-founder" role, but you describe it more as a first hire. I understand that most co-founders forego salary in hopes of the big payday, but in this case you have not lured the applicant into knowing you, your product, or the chances of that payday. To be a "co-founder" with no salary for what could be at least a 6 month period, I for one would have to have some amount of trust in my other co-founders and more importantly the idea itself.
5. If it is more of a "first-hire" situation you may want to make sure all your legal ducks are in a row from an employment perspective. Hiring someone with no salary/pay walks the line on being illegal at least in the U.S.. Something you may want to consider when nailing down an agreement. It would suck to hire someone, have them work for a few months, quit, and then sue you for back pay.
That's just my two-cents.
- MCRed 11y agoRegarding #1 specifically, it sounds like there are more than one founder already. I know solo founders are frowned upon, but more than 2 and you have to wonder how many of them are dead weight. The ideal team might be 3 or 4, but really at the beginning, you need an engineer to build a thing and a domain expert and a hustler. Hopefully all three in 2 people.
- jeffmould 11y agoI agree, this sounds more like a few people with an idea who are looking for someone to build it for them in exchange for equity. Regardless though if I were looking for a position I would want to know more about who they are and what their background is before I proceeded.