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Joining a startup

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    #11
    Filter through this and you'll find some good info on how options are structured and more general interesting info: https://bothsidesofthetable.com/tagged/startup-lessons

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      #12
      A fact of life is that 90% of start ups fail,anyone who's studied business knows that.

      Just bear that in mind and don't be surprised when the money runs out.

      Not saying you shouldn't do it, just go in with your expectations set right.

      90% of startups fail
      I'm alright Jack

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        #13
        Originally posted by BlasterBates View Post
        A fact of life is that 90% of start ups fail,anyone who's studied business knows that.

        Just bear that in mind and don't be surprised when the money runs out.

        Not saying you shouldn't do it, just go in with your expectations set right.

        90% of startups fail
        This. Not for me. We've had a number of people on here over the years taking shares as payment. The few times we've heard back it's not been good news.
        'CUK forum personality of 2011 - Winner - Yes really!!!!

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          #14
          Originally posted by northernladuk View Post
          This. Not for me. We've had a number of people on here over the years taking shares as payment. The few times we've heard back it's not been good news.
          Correct. It's something that would interest me two days a week if I had a T&M contract that filled 25-30 hours of a normal week. Or if they've got a 6 month contract for you at a price v shares mix that you're happy to take a chance on then go for it. If it doesn't work, think of it as having had a 6-monther at public sector rates
          The greatest trick the devil ever pulled was convincing the world that he didn't exist

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            #15
            Originally posted by LondonManc View Post
            Correct. It's something that would interest me two days a week if I had a T&M contract that filled 25-30 hours of a normal week. Or if they've got a 6 month contract for you at a price v shares mix that you're happy to take a chance on then go for it. If it doesn't work, think of it as having had a 6-monther at public sector rates
            now I'm thinking that if they need my help and can't hire a permie, things might not be going so well for them. But who knows, I'll find out of thursday

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              #16
              Originally posted by diseasex View Post
              now I'm thinking that if they need my help and can't hire a permie, things might not be going so well for them. But who knows, I'll find out of thursday
              If they can't hire a permie on a wage just above junior then they have funding problems.
              "You’re just a bad memory who doesn’t know when to go away" JR

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                #17
                Originally posted by SueEllen View Post
                If they can't hire a permie on a wage just above junior then they have funding problems.
                Of course they have funding problems.

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                  #18
                  Originally posted by Old Greg View Post
                  Of course they have funding problems.
                  Not all start ups do.

                  They get funding from a venture capitalist.

                  You just need to know how much funding they have and when you need to leave because "it's not for you". 😋
                  "You’re just a bad memory who doesn’t know when to go away" JR

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                    #19
                    Originally posted by SueEllen View Post
                    Not all start ups do.
                    They get funding from a venture capitalist.
                    Most startups I've seen want 'long hours perm on low salary' (think weekends) .. often offering shares and/or share options as part payment for the gruelling/stressful 'is it working yet?' from day 1 work.

                    Most fail of course and the shares/options end up worthless; but if you hit it lucky and VCs come bounding in after a few years ..

                    https://companycheck.co.uk/company/0...ncial-accounts

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                      #20
                      Always take the shares. The guy who painted the Facebook office for shares cashed out at £30m a few years ago if I recall
                      ⭐️ Gold Star Contractor

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