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Thinking about joining a pre-product pre-revenue startup. Founders are extremely well connected/have managed to raise 30M seed (it’s a bubble I know) and have had multiple exits previously. Will be joining as a founding engineer. Thoughts? Honestly bored at big tech company. 30 years old. No kids no visa issues. How much equity to ask? Any obvious big red flags to watch for? Wondering also if this might be good say to gain connection if I want to start my own thing later. Current TC 475k #equity #startup
And here I am, similar in age and seeking to go the other direction lol. Do you like working long hours? Shaky job stability? That’s startup life for you, especially seed stage. At this point in my life, my own time is precious.
Long hours and shaky job stability sounds like Amazon lol. I feel like I’ll be able to influence more things at a startup/be mentored closely by founders who are industry veterans. That is definitely worth more than staying at Amazon learning how to play politics.
It is true, you definitely have more influence the earlier you join on. And there is a lot of growth potential, you could be a VP, or even part of the C staff after a while, if you kick ass and the company is successful. Seed stage just sounds brutal to me but to each their own.
With such a big funding round, I would expect them to want to give you more cash and less equity compared to another seed stage startup. Pre-product is super early though. I could see 0.5-2% depending on factors like how good you are, salary they're paying, etc. How much this helps for connections is going to be super contextual, could help a lot, could be useless. Definitely tell them your goal is to gain experience/connections to eventually start your own later.
Why do you think it would be useless? I’m imagining since it’s so early, a lot of the work will be very closely with the founders/early customers/get to sit in a lot of the early big decision meetings.
I don't think it will be, I just think startups are very variable, so it's important to set expectations. You may need to talk to customers a lot, or the founders may be doing that and mostly want you to code.
sounds fine
Equity depends on the team size if there are 20 plus maybe .2. If there are <10, maybe 0.5
Team is 3 people. Just the founders and their war chest