Evaluating startups : An Employee Perspective


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Evaluating startups : An Employee Perspective

  1. 1. Startup Experience<br />Ankur Gupta<br />Egurucool (1999-2000)<br />Campus Sales Representative <br />(Temp Summer Job while at college)<br />Learned about startups, VC etc …<br />Vegayan Systems (2006-2008)<br />TiE Canaan Entrepreneurial Winner 2006<br />Intel India Pioneer Challenge Winner 2007<br />Funded by DFJ and Angel Investor RakeshMathur<br />Thinklabs (2008-2010)<br />Funded By SeedFund<br />On verge of raising Series A for 3-5 Million USD.<br />Startup Ecosystem (2006-2011)<br />Helped organize Proto.in Mumbai Edition,<br />Organized CodeCamp Mumbai,<br />Organized Barcamp Mumbai 2.<br />Reading blogs with focus on Indian Startup Ecosystem since college days.<br />
  2. 2. Different Things<br />Motivate <br />Different People <br />At <br />Different Points in Time<br />
  3. 3. What Matters to you ?<br />1. $$$,<br />2. Public praise or recognition,<br />3. Impact of your work on society,<br />4. Respect from your friends, family for where you are employed ?,<br />5. Working on a difficult problem / domain, <br />6. Respect as viable part of organization,<br />7. Amazing Mentor whom you admire or an awesome team to work with,<br />8. Comfortable surroundings aka office space and perks provided,<br />9. Large role / responsibility,<br />10. Your weird thoughts here ………… <br />
  4. 4. Who or What is a Startup ?<br />Is every new business a startup?<br />Do service companies qualify as startups ?<br />Do new business with low entry level barrier qualify as startup ?<br />My Definition<br />A recently (2-3 years) founded business with 1-100 employees that intrinsically excites you and can have a positive impact on lives of millions or potentially change the market dynamics is a startup.<br />
  5. 5. Stages of a Startup<br />Execution<br />Investment / VC Rounds<br />$$$<br />Employee Headcount<br />
  6. 6. Execution<br />Idea Stage aka Business plan in place<br />Business Registration or Legal entity in place<br />End Product Ready<br />Early Customer Execution <br />Sustainable growth quarter on quarter<br />
  7. 7. Investment / VC Rounds <br />Seed Investment<br />Early Stage Investment<br />Series A, B, C, D<br />IPO<br />
  8. 8. $$$<br />Burn Rate > Revenue<br />Burn Rate == Revenue<br />Burn Rate < Revenue<br />
  9. 9. Employee Headcount<br />1-10<br />10-30<br />30-100<br />100-300<br />300+<br />
  10. 10. Must Ask Questions<br />Salary<br />Do you have any revenue at this point of time ?<br />Are you break even ?<br /> (If answer to the above two questions are in negative. )<br />Your funding would last for how many months ?<br />Can I expect to get salary on time ?<br />ESOPs<br />Does your ESOP Plan meet Regulatory compliance ?<br />What’s the size of the ESOP Pool ? <br />How much am I getting and when will it be fully vested ?<br />Founders<br />Why did you start this company ? What do you want to achieve ? <br />
  11. 11. Heart vs. Mind<br />Follow you heart but apply your mind to understand what it’s that you are in for ?<br />Passion doesn’t understand logic sometimes,<br />In most startups success doesn’t come despite the best of intentions, hard work and efforts,<br />They say it takes approx 10 years for a Indian startup to really make it BIG. Keeping your Heart and Mind aligned to hang into the ride.<br />
  12. 12. Startups Can be<br />Rewarding<br />Fun<br />Thrilling<br />Learning experience<br />Do your research before else it can be<br />Pain <br />Regret<br />Lost Time<br />
  13. 13. Questions ?<br />