For people working in Indian tech startups what is the scene like? a) How is the work culture? I'm ok with the grind but is it like a 996 situation? How is the work ethic in the upper management? b) How is the salary like for a person with 10-12yrs of solid exp and is able to clear the interviews? Not really expecting them to match Tier-1 salaries but it will be valuable info to know. Is it a fair expectation to ask for 50-60 lakhs as salary? c) How are ESOPs handled? A few yrs ago (less than 7-8yrs ago) there were many many stories where the founders would not give any ESOPs to the employees in the first couple of yrs. Has the situation changed? If you are, say, employee number < 50, what can you expect? d) Any of you ventured into the space/military/EV startups in India? What has been your experience? I have shortlisted 3 or 4 companies and thinking of applying to them in the near future. So, looking for guidance/info here. Any online resource that I can refer to and get more info, that would be helpful too. #equity #startup #India #tech
a) I work at a series B startup, it's typical wfh 40hrs/week 5days a week, sometimes you get stretched between multiple roles, especially higher up the food chain, but I think that is true in most companies. b) Exp matters, but so does designation. If you are Amazon L6 level, then 50-60 LPA base is easily doable, L7 ish can go 1.1cr base easy This is for a full WFH position. c)very founder dependent, usually if your work has good impact, they give you additional equity, else what is in the contract d)not me, I haven't heard much in these fields in the tech startup scene
Getting to don multiple hats is fairly common in a young startup but you also get to learn a lot. Good to know that the salary is competitive. There are few exciting ones including the one who launched their rocket with ISRO last week. But space and military startups are often tied heavily to Govt regulations, export/import controls etc. I need to read more on how these companies are raising funds and how quickly things move internally, how much of bureaucracy red tape is involved etc.
Yes, if you can afford to learn a lot, i.e. your personal situation allows it, then it's great. Beware though sacrificing health, such as huge screen time is often not worth it, i may be wrong though Yes the salary are good, if you are good enough, especially after the 2021 boom Absolutely as expected, govt regulations, you will probably also be monitored, maybe also in personal life, like maybe stock demat accounts and such. Why do you care about bureaucracy? If things move slow, they move slow. I don't think you can do aglie with space, since you can send rockets only so many times. Idk, i have no experience in this field, neither does anyone I know. Cheers.
Working for InMobi which is a unicorn startup - Good work culture. 40hrs/week. - 10+ year would map to staff engineer in my company. Base can be 80-90. TC - 1.2 cr+ - We get double triggered RSUs, not ESOPs which is much better. RSUs are provided at joining to everyone. - No idea.
Well, InMobi has been around for far too long now and it is quite big too. I don't really consider it as a startup anymore but yes, I have heard good things about the company overall. One of my acquaintances worked there when it was still a 3-4yrs old company.
When is inmobi going public it's been getting delayed for long. Also how inmobi gives RSU vs other startup giveESOP .
Can ppl name their startup which are so amazing
a) depends on company and seniors. Have seen most with baddly written code and just running prod system in ICU . Offcourse there are some good also b) cash part they will be able to match or exceed,issue wlill be stock part check below c) ESOP is trap in most cases, when u leave company u need to buy them by paying cash from ur pocket . It's very hard to predict if your ESOp will get converted to cash or not
Also anyone heard of simmtronics and their pads? Any good??
Startups in India are grind shops. They will make you work 6-7 days a week, for long hours every day. Unless you're one of the founders, there's no upside to working for a startup in India. It's for those who're not able to find jobs at any better companies.
Ya. It's a parking lot
Are you saying that the ppl who work their are not technically strong? Companies can't run for long if the core tech team is not experienced in designing things. But I keep seeing unicorns popping up in India every other week like mushrooms. That can't happen if they are not adding value. Any particular startup where you experienced the quality being too low and the founders being there just for the VC money? I'm ok with the grind as long as the problems I'm solving are challenging and is leading somewhere.