Startups Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products (surveys/polls are welcome) |
- Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products (surveys/polls are welcome)
- Is this normal for all startups?
- Job Title Process
- Tricky situation with 6 co-founders
- How do to create a electronic product?
- Any creative tips for onboarding B2B2C clients while still being efficient?
- How do you delegate responsibilities among co-founders? Do all the founders join every call?
- Help - How to structure my compensation?
| Feedback Fridays - A Friendly Feedback Exchange For Ideas and Products (surveys/polls are welcome) Posted: 03 Feb 2022 09:01 PM PST Welcome to this week's Feedback Thread! Please use this thread appropriately to gather feedback:
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| Is this normal for all startups? Posted: 03 Feb 2022 10:57 AM PST I left a large well established organization to join a fast growing startup (300m annual revenue). I'm wondering if some of my observations below are "normal" or if there's a culture issue.
I enjoy working hard and being challenged but never been a part of a company that's this chaotic, is this just your typical startup life? [link] [comments] |
| Posted: 03 Feb 2022 03:39 PM PST Would appreciate perspective on this as I'm unfamiliar with startups but am negotiating an offer with a Series A ventured backed startup in healthcare tech Basically, have a professional relationship with the founder and have been talking for a year or so about me coming to the company. Timing wasn't right previously but they raised $13 M in their series A last year and looking to build out their analytics and client insight team which I would be building. Kept getting told "it's a senior leadership position". Interviewed and met with all the leaders (they're now up to 50 employees) and get the offer Comp was lower than I expected which is fine, I pushed back, but it was also a Senior Director versus VP. Now, I don't want to be overly sensitive to the title but I am currently a senior director and was expecting a VP for a few reasons. First, they have several people already that are VPs which have significantly smaller scope than me and less experience. Second, the scope of what they need and what I bring is significant. This company is operating in a highly specialized area where I bring significant strategic insight and proven outcomes that any typical data science leader won't have. Also more leadership experience that every other VP there From what I was told, the board had to approve it to be a VP. does that sound right? I get the other positions may have been approved before the series A so they are a bit inflated or the board is trying to clamp down on everyone becoming a VP but I am very concerned about the expectation of the work relative to the role. If this is something where thE CEO's hands are tied and the board could potentially be dictating this, would help for me to understand how I approach negotiation. Also, there may be a very defined ceiling on comp knowing this isn't being viewed as that VP level role My response back was two fold: concerned about the title given the responsibility but also that it limits the org and team I build especially in terms of being equitable to other teams. Secondly, comp with respect to that role Appreciate any insight [link] [comments] |
| Tricky situation with 6 co-founders Posted: 03 Feb 2022 04:23 PM PST I've started working on a B2B product during the last year of my engineering degree with some friends. I've made the choice to start it as a school project in order to obtain free time to work on it, but the condition was to be 6 members in a team, so I had to choose people to work with around me After months of user/market research, prototype iterations, and an almost-ready MVP, we finally finished our studies and are ready to carry the project out of school! It's not going to be easy since we are going to continue this project on the side of our new jobs. But lately, we got some great validation (a bunch of potential early adopters, competitors following every step we are making, investors loving our project) I've asked each one of the team members in 1v1 if they wanted to continue working on the project, and everyone said yes. The thing is, only 3 of us are driving 80% of the project so far. And now, we are too many co-founders, and none of us are specialized enough, we are all engineers. I often see people on this sub advising to have a maximum of 2/3 cofounders, and I've observed this pattern from successful startups around me. It's really a tricky situation since all of them are good friends, and I don't want to create conflict between us What should I do? Here are the options I've thought about: - Go silent, wait 2/3 weeks so that we all start our 9-5 jobs, and then check who is still working on the project on their own. Then remove the ones who don't participate from our tools (Slack, Notion, GitHub ..) - Make a 1v1 with each one of them tomorrow, be transparent and tell the ones who are the less valuable to stop working on the project even if they want to => can create big conflicts What would you do to handle this situation? [link] [comments] |
| How do to create a electronic product? Posted: 03 Feb 2022 07:37 AM PST DISCLAIMER: Please be patient with me. I am not an engineer and have no idea how product development occurs. Let's say an electrical engineer and a computer engineer join hands to design a product, say something which requires few conventional pieces like processor, battery and screen and a new piece of semiconductor based tech which they would have to invent. How do they go about it? How does the duo procure the conventional pieces? And how do they mass-produce the new tech? How do they assemble it? [link] [comments] |
| Any creative tips for onboarding B2B2C clients while still being efficient? Posted: 03 Feb 2022 01:31 PM PST Most of us have experienced the friction of starting to use a new product. Even products designed to save time, take time to get started. Aside from 'do it for you' or onboarding documents and videos, have you found any particularly effective and efficient methods of onboarding new B2B2C clients, especially that are possible for small startups teams to implement? [link] [comments] |
| How do you delegate responsibilities among co-founders? Do all the founders join every call? Posted: 03 Feb 2022 11:59 AM PST I understand it is easier to split tasks among a technical and a non-technical co-founder. But what if you're both non-technical (CEO and COO)? How do split what to do? As a CEO, I want to have the final say on the company's direction, strategy, brand etc. I want the COO to focus on operations (obviously), staff, finances etc. But at the same time, I want all of us to be updated on everything going on and have a say in everything (for example, if I decide on a new marketing campaign, I want the COO and CTO's opinion). How do I handle it? The reason I am asking is I had a meeting with a brand agency yesterday, and I invited my COO. The meeting got sort of derailed because the COO and I were not on the same page. I am thinking I should take these meetings by myself and update him later on. But I also want to be fully transparent and give them all the information (not just what I think is important). Should I record these meetings and share the recording? [link] [comments] |
| Help - How to structure my compensation? Posted: 03 Feb 2022 11:33 AM PST Guys I know have built a young pretty succeful startup in my small country, and they are looking to expand internationally. They'd let me in on the company with a significant stake on the new, international business. What compensation model would work so that I would get equal benefits as them for the international growth, but not for growth in the local business? I can come up with three models and they all have their pros and cons. 1) Give me a direct share in each new branch 2) Set up a holding company (that owns the branches) in which I would have a share 3) Some kind of option plan in which my compensation is related to e.g the amount of international revenue Do you think I'm missing an option? Which option do you think would be the simplest? [link] [comments] |
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