Joining a startup

[Old Greg]

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

[BlasterBates]

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

[northernladuk]

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.

[LondonManc]

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

[diseasex]

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

[SueEllen]

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.

[Old Greg]

If they can't hire a permie on a wage just above junior then they have funding problems.

Of course they have funding problems.

[SueEllen]

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". 😋

[SunnyInHades]

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

[PerfectStorm]

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