Chief
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As people have mentioned, lots of pros and cons.
Key things to note:
- if you came from big 4 (or really any company above 5-10k employees, you’ll find a lot of process and capabilities missing. You’ll end up doing a lot more outside your wheelhouse there.
- if you don’t have/get equity, then any big exit does you no good other than the experience and being able to say you were there. If you can, get equity.
- it can be a ton of fun. The influence and impact you can make, HUGE compared to again say Big4.
- as others have mentioned, cash flow is king. And you’ll get influence flowing in (positive and negative) from the investors and/or board.
Make sure you know how this company makes, or intends to make, money. If they haven’t figured it out, I’d skip. Eg never go somewhere where their strategy to move from $10M to $30M is to “sell more” especially if a traditional licensed based company.
You will be giving a lot more to a startup role so make sure you are properly compensated and rewarded for it
I've known people who have worked for startups and they tend to have some wild stories to tell. The whole startup culture can be pretty demanding, and some would say it's a toxic way to work. There's a potential to make a lot of money if the company succeeds, but that's not assured. Someone I knew worked for a startup that shut down abruptly and really put him in a financial bind. That's always a possibility.
Chief
I get the feeling that you’re suggesting to not go for a startup then? Unless I want to take a massive risk
There are pros and cons to every company. I have worked at great startups, and some that really aren't great. It honestly depends on the company.
Chief
What sort of pros and cons are there?
As long as they got Lenovos you are good
Chief
What about the culture though
Worked in 2, one of which I'm currently at (cba changing my job title). For me right now it's where I want to be, but the job security is a lot more directly linked to the company's success, so that's the big downside of course compared to big 4 for example.
And just to add, the culture in my place is actually great. If you get on well with the founders, working for a start up is much better that way than if you work for a big corporation.