I have an interview with a recruiter at a startup. I’m very excited about the role, but I am not familiar at all about employment at startups. In the past 10 years I’ve only worked in large, medium corporate companies.
What kinds of questions should I be asking to better understand their outlook, stability, compensation, etc? Thanks in advance!
Edited: the company has about 51-200 employees per LinkedIn and is hiring a bunch of roles so they seem to be growing.
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2) what are the founders background? Do they have a history of successful exits?
3) How many options will you be given? What % of ownership do these options represent? What’s the strike price for said options? What’s the vesting schedule? How much time do you have to exercise these options when you leave?
4) Who will you be reporting to? Will this be a leadership role?
I’ve done back to back startups now and I’m ready to go back to boring and stable. Think carefully and make sure this is going to benefit your career because no matter what people say, startups are inherently risky and you need to make sure you’re up for the chaos.
Additionally, keep in mind that with early stage startups, whatever they give you can and will be easily diluted. You can start with 5% ownership and end with 0.05% after several rounds of raising money. The only time you can assume some stability is if the company doesn't intend any more investment rounds and is prepping for IPO or acquisition. Nobody will disclose that to a random candidate though.
Bottomline: startups are very high risk and usually chaotic.
As for questions to ask them: https://www.productlessons.xyz/article/good-questions-to-ask-interviewer