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I was supposed to have my second interview at Raytheon Technologies Corporation. I got an email three min before saying that they had a surprise fire drill and they had to evacuate the building and they needed to reschedule for next week. Do I need to to wait for them to reach back out or can touch base with them tomorrow? I don’t want to be obnoxious. 😅
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1. The startup’s runway
2. Their burn rate
3. Revenue growth pattern
4. Work culture
5. MRR and MRR Churn
6. CEO and Management vision
7. Who the funders/backers are
You have to do market research. Crunchbase and similar platforms have estimates for most startups. You can ask for those info, and say you’re willing to sign an NDA. But they may not give a damn at low levels, but they would likely respect that for senior level hires.
Mentor
You may or may not be able to get answers, but you will want to understand as many of these factors as possible:
Current burn rate and funding levels
planned headcount growth and how that impacts burn rate
When the company next expects to raise funds and what series it will be (and if they are currently in the process)
Whether they are focused on aggressive and potentially costly growth (e.g., heaving spending on sales and marketing and user/customer acquisition) or conserving funds to extend their runway
How much equity you're being offered, how much it represents in dollars currently and at expected future financings, how equity pricing compares to recent valuations and valuations of peers
Turnover among executives; timeline to exit and whether they are targeting an acquisition or IPO
How experienced the management team is (1st startup or successful team with multiple exits)
Revenue growth, expected year when they will have free cash flow (rarely relevant but would be promising if it's occurred or imminent)
Culture, remote work policies, and how many hours to salaried employees typically work (more could be a sign of passion or a sign of unreasonable pressure and overburden due to attrition)
Do they have a big physical real estate footprint and has if changed recently (you sometimes see companies aggressively open offices worldwide and then have to close them as things slow down).
@D1 LOVE that you followed up and edited to make it look more easy to read! One way would’ve been the way I did it above, using #s, but your post now looks digestible! Some people would’ve been mad instead.
Do you believe in the mission?
How do you feel about leadership?
Are they invested in the company’s success?
These are good questions in theory and you should be assessing for these during the interview process (however I highly doubt anyone from the company is going to say they aren’t invested in the companies success). I’d focus more on the financials such as runway, burn rate, funding, etc. as mentioned several times above.