They did use a chunk of it to acquire another organization.

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Jun 19, 2024
8:54:10pm

DizzyBanshee 3rd String

They did use a chunk of it to acquire another organization.

And it’s not Utah based - NY based but operating in ~10 states. Home healthcare area.

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DizzyBanshee

Previous username: dzibanche
Bio page: DizzyBanshee
Joined: Jul 23, 2015
Last login: Jun 26, 2024
Total posts: 368 (3 FO)

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Messages

Author

Time

Things to consider when weighing a job offer for a Series B startup?

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?

Jun 19, 6:34pm

How long of a runway? How long will the cash last.

Acorn

Jun 19, 6:37pm

10-12 month runway

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

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

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.

Jun 19, 8:54pm

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