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Jun 19, 2024
6:08
:20
pm
NottherealJWill
Starter
How much cash in the bank and how much are they burning on a monthly basis?
You should fully understand the financial picture. Working for a company that is losing money is its own beast, no matter how much it’s growing.
This message has been modified
Originally posted on Jun 19, 2024 at 6:08:20pm
Message modified by NottherealJWill on Jun 19, 2024 at 6:11:12pm
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NottherealJWill
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NottherealJWill
Joined
Dec 2, 2015
Last login
Jun 29, 2024
Total posts
993 (14 FO)
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Messages
Author
Time
Things to consider when weighing a job offer for a Series B startup?
DizzyBanshee
Jun 19, 6:06pm
How much cash in the bank and how much are they burning on a monthly basis?
NottherealJWill
Jun 19, 6:08pm
Would you avoid completely if they aren’t profitable yet but have a lowish burn?
DizzyBanshee
Jun 19, 6:34pm
How long of a runway? How long will the cash last.
Acorn
Jun 19, 6:37pm
10-12 month runway
DizzyBanshee
Jun 19, 6:37pm
How easy to find another job? How good is your savings level?
Acorn
Jun 19, 6:38pm
Getting a job at a lower level wouldn’t be too hard, but it’d be a paycut
DizzyBanshee
Jun 19, 6:46pm
How much in stock / options are they offering to make up for lower cash comp
byujdmba
Jun 19, 6:19pm
Not sure it makes sense to be compensated the same amount as someone with a similar title in a much larger company.
CrimWalCoug
Jun 19, 6:22pm
RE: Not sure it makes sense to be compensated the same amount as someone with a
byujdmba
Jun 19, 6:26pm
Total cash is ~50k lower than similar at an established company, some equity
DizzyBanshee
Jun 19, 6:42pm
If they want you to take a job with less than a 12 month runway, ther should be
Acorn
Jun 19, 8:06pm
Large 7-figure exits are not super likely at Series B. Before series A … but
grosven
Jun 19, 8:32pm
As an SVP with a B raise of $100 million, I wouldn't go unless I had one.
Acorn
Jun 20, 7:32am
Startups aren’t for everyone. Just saying the cap space is not there unless this
grosven
Jun 20, 2:24pm
I'm saying a million bucks of equity for an SVP isn't that much.
Acorn
Jun 20, 2:36pm
Gotcha. Agree.
grosven
Jun 20, 3:20pm
Series B means you won’t have any founder like outcomes but risk is lower
grosven
Jun 19, 8:31pm
Just some things to consider in this environment:
specsauce
Jun 19, 8:33pm
They did use a chunk of it to acquire another organization.
DizzyBanshee
Jun 19, 8:54pm
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