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Interested in working for a high growth startup (non-technical roles) - but not sure what I should be looking for/avoiding in companies. For those who currently work for, have worked for, or are exploring start ups - what are key details you’d suggest someone knows before deciding to make the jump to start up life. What have you found surprising (positive or negative) in your experience?
Having worked at companies of all sizes, I’ve become reticent to work for a startup again. It’s hard to pick that unicorn; most startups provide incredible experience to wear many hats and take a lot of risks, but a big payday is hard to come by. And some startups promise X, Y, Z then you get into them, and it’s a complete cluster. Consider the economy - being laid off from a startup is tough because severance is a joke. If anything, look for a Fortune 500 company whose stock is doing OK to great. A “name brand” always looks good on a resume. If you’re still considering a startup, like the above poster said, look at funding, runway, look at employee reviews on all the websites, and take a hard look at the product - is it something a business actually needs or wants? There’s plenty of applications that do great things, but when the belt gets tightened at a potential customer’s company, new licenses for “wanted apps” will not be a priority.
Do your research into what makes a good startup and pick a unicorn. You’re going to be sweating it out and working harder than you ever have before. Make it worth it
Always always always go for ones with proven track record. If you can't look them up on internet, I wouldn't join them as they will be trying to learn and make it large at the expense of your time and effort. Always go for one with a strong PMF and growing userbase. Atleast 1 round of funding and 1 year runway is the absolute minimum. Founders will lie through their teeth and are so good experts at that, never believe their stories unless you can cross verify else where. Everyone says they are the next Unicorn and will be profitable in an year blah blah. See if they have a very good understanding of the product or a good vision which is very much disconnected from their engineering See if they are trying to lure you in with a overdose of ex-faang mention
Then how will a new founder get started?
Work on the side project, create a MVP, get investors and min revenue rolling, start hiring. This can be one way, I was trying to give a generic statement based on my experience. Not all founders are going to have a good exit, most are just great marketers trying to get VC money and then figure out what to do to see if sth works out.