These are my learnings from my friends and my experience. If you are offered a management position in a start up – chances are that you have more than one such offer. Here are some things to consider before you make your decision.
1. How serious are you taken?
No matter what people tell you. Ensure you discuss your stock options before joining the firm. The market standard is 15 – 25%. Be it heading sales or director of technology or CXO. The problem with not taking stock in the beginning is you may be doing errand jobs for a long time before anyone and even you realize that you are wasting your time.
2. Is there a Product or Service?
I am not joking! Most startups dont have a Product or Service that they can provide right away. The least they can do is convey what the product is in the first or second meeting! If they haven’t – be sure they can’t convince any one else! A successfull product or service company will be able to explain their product in less than 2 minutes. Don’t ever buy rubbish like Complex, Value driven, Agile, Confidential. Check for specifics! Continue reading »
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