Hello, I'm interviewing for a Series D startup and their valuation dropped from Series C. I understand the current market situation is not good for startups, however 150-200M valuation for Series D seems lower than I expected. Runway with current funding would be around 3 years in my opinion. Is this something to worry about? Or do you think they can easily turn it around after couple years when market gets better. Thanks! TC 280 k
Natural for the startup to take a haircut. Works out better for your equity. You’ll get another job if you need one. If you like the company/role/manager, join. Don’t overthink too much. Big picture you’re okay! Get excited if you like the offer.
thanks for your reply! you are right that i'm overthinking.
200m is pretty low i agree. pass runway is irrelevant
Thanks for ur input! Why would runway be irrelevant?
startup’s job is to spend all the money. then you raise more. if the runway actually mattered then you die. having more runway just means you live a little longer before dying. always better to fail fast especially for the peons. if you’re successful, hitting your numbers, you want to spend that money. you’re spending on growth. raising won’t be a problem when your hitting your numbers. startup should always be running out of money. as a new employee you are coming into the job at some arbitrary point in that cycle. so for you the runway is irrelevant
I just joined a Series D startup. Don’t listen to the CNBC shills who are so focused on macro economics and the 8 companies they know in “””big tech”””. software engineering and hard skills are still in demand, startups will figure it out or get bought. It’s fine for SWEs either way
thanks for your advice!
@Rivian Thanks for the motivation bro. People just want SWEs to fail so bad.