If you were to go back and evaluate your offer again, what would you have done?
- Negotiate higher base or equity
- Negotiate something else like wfh or perks
- Investigate founders and team
- Investigate the business plan
- Asked about the tech stack
Planning to join an early stage startup soon and looking for some advice. Hope to hear about your personal experience.
Edit: Ppl are answering “early stage vs. unicorn/big company?” But the question is more “how do I evaluate this startup and offer?”
1. Establish your limits. For me, that was mainly: time and money. How much am I willing to forgo, and for how long? The worst case scenario for a startup (esp founders and early employees) is not outright failure, but elusive success. One can keep on sacrificing, with the hope of growth that never happens. Have some time limit and limit on money time willing to lose. This can be your own money investing in, or loss of earnings because you're compromising on the pay. And pull the plug, jump ship if either of those limits are broken.
2. This is something I heard from a very successful founder. Have a fundamental, deep in the heart reason for why you want to do it. It is not to justify to anybody else, but yourself. In a startup, there will inevitably times when you're going to question yourself, second guess your decision. In those times, it helps to remember the deep in the heart reason and trudge on.