Startups Just got a competitive job offer... time to quit my startup? |
- Just got a competitive job offer... time to quit my startup?
- Frustrated with management - stay silent, speak up, or leave?
- 1Billion Valuation... No IPO date
- Questions to ask during interviews before becoming the first paid employee?
- Angel investor is an exec in a very similar business
- Did you get your co-founder at the very begin of journey or later?
- Co-founder wants to take a break
- Which business model am I using?
- Do startups prefer MBA Grads over any other Masters Degree when hiring for a role like Digital Marketing?
- Fulltime job and side-gig conflict
- How much can I sell each year?
| Just got a competitive job offer... time to quit my startup? Posted: 01 Nov 2021 03:49 PM PDT I'm 22 and finished undergrad in June. Was working on a product since last Fall, won the university startup competition, incorporated in the summer after graduation and got to working on it. Haven't raised a seed round or anything, just about $30k in winnings from the university to develop the product. We're in the middle of pitching to angels right now. I just got offered $140k plus stock to work at another startup that is in hyper growth. It's remote work and more money than I ever expected to see, especially with what I majored in during college. I'm probably going to accept the job, so do I keep working on my startup in my "spare" time? What do I tell my advisors? Is it better to just cleanly end my company now or keep at it while working 50+ hour weeks at this other startup? I'm young and don't know shit so literally any advice would be good. [link] [comments]  |
| Frustrated with management - stay silent, speak up, or leave? Posted: 01 Nov 2021 12:10 PM PDT I come from a corporate background. Worked for two extremely successful well known public companies in my industry before I was recruited to my current position at a start up. I was excited for the opportunity and immediately jumped in. I've been with the companies for over two years now. When I started, we had 3 employees in our office (a few more in other countries). Now we have over 15 and have a permanent office. I'm proud of the work we have done and I absolutely love my team….now comes in the but. Over time, I've noticed certain things about upper management that I've dismissed as one offs but I'm realizing now are a pattern. Im very frustrated and am wondering how I should approach this? I know companies and people aren't perfect but im worried these are signs of a toxic environment that I need to leave before I get resentful. Examples:
Is this normal for a start up? Do I need to speak up? Or is this a red flag for me to leave? It doesn't help that in the current market, I'm getting calls from recruiters weekly offering multiple grass is greener scenarios for me. [link] [comments]  |
| 1Billion Valuation... No IPO date Posted: 01 Nov 2021 07:01 PM PDT Hello all, I'm a share holder in a company that surpassed a 1 billion dollar valuation last year. I have a decent amount of stock in the company but it hasn't gone public yet. I left the company three years ago. Here is my question... At what point is a company required to go public? I'm expecting the company to do well once it goes public but I'm getting a little anci... Would be great to access the capitol sooner than later. Anyone know the answer to this? [link] [comments]  |
| Questions to ask during interviews before becoming the first paid employee? Posted: 01 Nov 2021 01:48 PM PDT I'm in the process of interviewing for a venture fund that is still being setup. The interviews so far have been with the three founding partners and soon I will have the chance to meet their investors (this will be the last stage of the interviews). However, the company being at a super early stage, I'm wondering if there are any questions I should ask/ anything I should verify during the later stages of the interview to make sure that it's a legit company (as opposed to something that may go under within 6 months). I'm going to leave a super comfortable job within the public sector for this, and ideally I'd like to be in the company for a while. Hope you can help [link] [comments]  |
| Angel investor is an exec in a very similar business Posted: 01 Nov 2021 08:38 PM PDT I am super excited to talk to this angel investor who has deep knowledge in healthtech and could give me good advice / be a potential investor in my startup. However, he is an executive / serial entrepreneur of a company doing something pretty similar except his company largely targets physicians and I would like to target pharmacists. It would be super easy for him to implement this idea at his current company if he likes it (he is offering a different product to pharmacists as well so the necessary relationships are in place if he wanted to do this). Normally, I wouldn't care to share as most people are unlikely to steal, but given the overlap, I am second guessing. Any thoughts?? Has anyone been through this? [link] [comments]  |
| Did you get your co-founder at the very begin of journey or later? Posted: 01 Nov 2021 05:03 PM PDT Hi all, some years ago, when started to develop my software product, i didn't really think to setup a Startup. When the software started to work and I've seen that it has good chances to live, I started to search a co-founder, but not really active, and I failed to get one. Either they didn't have interest or I didn't see in the candidate a real co-founder spirit. Then I made a pause, focused on release. Since now i'm releasing the first version of software and I feel that can go to market with the product, I decided that must get a co-founder (maybe even 2). Alone I have no chance neither to run business, nor to get money from investors. It is simply too much for one person. Well... when you have a co-founder from beginning, I think it is easier, because each of you invest equal (or at least proportional) time, money, energy and nerves. By time you know each other better, as well understand the product and the market on the same level. When I get a co-founder now, it will take time to transfer all my knowledge. It's OK, but I'm not really sure whether we'll have same vision and be on the same wave. Who of you have got a co-founder in late development stage? How it worked / works, are you satisfied and happy, or regret? What were the main decisive criteria that you understood "it's him / her!". Please share your experience. [link] [comments]  |
| Co-founder wants to take a break Posted: 01 Nov 2021 10:11 PM PDT So for context we're still full time undergrads in university and he's having a tougher time managing school and work. So my co-founder, A, has proposed taking a two year break in which his shares will cease to vest and he will return after the two year period. I'm honestly ok with the arrangement except that i will definitely need to hire people in the coming years to keep the business afloat. We can't afford competitive salaries so equity will be the main compensation driver and it will require us to be diluted. I suggested a 70/30 dilution arrangement whereby 70% of any shares diluted would come from him and 30% would come from the rest of the shareholders. This is the only way in my head i can accept his non-involvement in the business for 2 years and still feel compensated He's "accepted" it but has concerns that he will not have enough equity to return if this arrangement goes forward. What would you do in my place? [link] [comments]  |
| Which business model am I using? Posted: 01 Nov 2021 04:09 PM PDT I need help getting the word for the business model I am pursuing. Direct-to-consumer does not fully describe it. I am building a business selling cameras to horse riders. However, horse riders rent stalls instead of owning them. For horse riders to install the camera, they need permission from the owner of their horse stall. We are marketing and sharing profit with stall owners as well to incentivize their permission. It is sort of like how even if you sell a toy to kids, the kids need their parents' permission to buy the toy. Any business model descriptions would be much appreciated! [link] [comments]  |
| Posted: 01 Nov 2021 05:01 AM PDT Hello people of Reddit, I've been confused to death about trying to decide whether I should pursue an MBA after my UG or a Master's degree in any other field of my liking, for instance in Marketing or Strategy. I'm very keen on working in a Start Up since it's a lot more to learn and one can also climb up the ranks sooner than in a corporate (or so I've heard), and that's got me thinking if I should maybe go for an MBA it being more general? What do you guys think? Any and all thoughts would really help at this point [link] [comments]  |
| Fulltime job and side-gig conflict Posted: 01 Nov 2021 09:09 AM PDT Any of you ever had to deal with your side-gig dipping into the same client pool as you represent for your business? I have tried introduce my side-gig to my employer as something he might be interested in, but he chose not to pursue it. How would you proceed in this case? Would you try to hide it form your employer? We are not direct competitors in any way. [link] [comments]  |
| How much can I sell each year? Posted: 01 Nov 2021 07:31 AM PDT If I have a one-time purchase product which is aimed at people aged 18-50, and the serviceable addressable market is 500K customers. After one year, how much more can I expect to sell? Should I assume there are new customers who are 18 now and try to determine what % that makes up of the serviceable addressable market, or is there a more accurate technique to predict the amount of new customers appearing after a year, assuming everything else stays the same in the market? [link] [comments]  |
| You are subscribed to email updates from Feedback Friday is back! See the pinned post!. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment