why you should consider being an early stage startup employee
Post on 17-Oct-2014
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If you think that being at an early stage startup employee means that you just work 100 hour weeks, then you're in for a surprise! Having been an early employee of a startup (Mint.com), and having started my own startups (BizeeBee and Femgineer) I've gotten a real sense of the pros and cons of being at an early stage startup. I'll talk about: • How to evaluate salary, equity, and lifestyle • How to mitigate risk • How being an early employee teaches you how to setup a company, build a product, and can catapult your career!TRANSCRIPT
Femgineer Forum
Why You Should Consider being an Early Stage Startup EmployeeApril 2, 2014
Poornima [email protected]@poornima
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Agenda• What is an early stage startup?• What’s unique about it?• Misconceptions• The reality.• Financing. • Exit strategy.• Why YOU should consider it• Common roles.
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I have been at a few
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Catapult your career!4
What is an early stage startup?
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Less than 20 people.
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What is unique about it?
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You will learn a LOT!
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Misconceptions.
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You’ll be joining the next...
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You will make TONs of money!
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You will ALWAYS be working.
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You work alone.
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You need to have a LOT of ideas.
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What you do need to watch out for...
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Constant change.
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You might not always receive help.There will some chaos.
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There are no clear steps to advancement.
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You might not always receive help.
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Change in direction.
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Lots of experiments.
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Sometimes you move slowly.
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Freedom & Flexibility
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Funded or not?
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Funded Bootstrapped
vs
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Do you want to go fast?
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Team always matters.
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Equity.
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Dilution.
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Salary.
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AMT Early Exercise
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Acqui-HiredAcquisition
IPODead Pool
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Why YOU should consider it.
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YOU want to be an entrepreneur someday...
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Who are they looking for?
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Experience building products.
Designer or Engineer
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Do you have a different skill set?
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Demonstrate your value.
GrowthShare Plan
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Who’s hiring
Their stats
Events
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Review
• What is an early stage startup?• What’s unique about it?• Misconceptions• The reality.• Financing.• Exit strategy.• Why YOU should consider it• Common roles.
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Courses for Spring 2014!
Lean Product DevelopmentVisit femgineer.com/learn
MentoringVisit femgineer.com/mentoring
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How to Transform Your Ideas into Software Products
http://femgineer.com/transform-ideas
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Q&A
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Breakout Session!
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KEY OBJECTIVE(S) AGENDA
DELIVERABLE
BREAK OUT SESSION
Identify your misconceptions and how you can add value to an early stage startup.
30 minutes Get into groups of ~5 people.1. Introduce yourself to the group.2. Talk about your skills, recent projects,
and a topic you’d like to share.3. Present & receive feedback
Short presentation
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