I’m in the final rounds for a PM role at a series A fintech. They raised 30M+ and seem to have an experienced founder team. What would be some questions I should asking to evaluate the health of the company? In regards to equity, what amount is typically issued and on what terms? What is the expected growth for an employee with every new round of funding? I appreciate any insights or past experiences!
There is nothing to guage the health of the company since the haven't launched. Series A companies tend to give 1% to core employees. 0.5% to experienced but not core. 0.1% to interns. Typical vest is over 4 years with a 1year cliff. This also assumes <50 employees total. The fact that they've raised 30M is scary. They likely won't give you whats typical for Series A. Also, the company valuation already is too high leaving very little upside for you. Fact that its B2C is even more risky in getting a product-market fit. B2Bs are so much more easier to understand and size.
Is this number for junior, senior, or director level?
Intentionally stayed away from grades/titles/role and answered in terms of being core to the company. Much more accurate that way when we are talking about a series A company which is typically <50 employees. Expect 5-8 employees in the 1% group in a company of 50. @OP, 30M is unusually high for a series A. Is the headcount at ~50? If not these numbers are totally not applicable.
The founders barely understand the health of the company at this point. Are you even in it for the long haul? The questions Id be asking all revolve around how working there for the next two years will be. Understanding how the founders work, what they expect, how they operate under pressure, etc.
B2B or B2C?
B2C
Look at churn rates, ARPU, time to customer acquisition cost recovery, overall and per cohorts (monthly), ask about current loss/customer and break even points, main competitors and differentiators, both today and roadmapped