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Working forstartups whatyouneedtoknow


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Working forstartups whatyouneedtoknow

  1. 1. Working for Startups – What You Need to KnowSoCalCode Camp CalState Fullerton, CAJanuary 28, 2012Kim Smith-Rohlfs
  2. 2. About me•Kim Smith-Rohlfs••14 +years of technical recruiting•Independent recruiter•Specializing in placing software professionalsthroughout California
  3. 3. What We’re Going To Cover• Why Start ups• Pros & Cons• What They Look For in Employees• What you should look for in a Startup• Job Hunting• Resources• Q&A
  4. 4. Why Startups• Sexy, exciting – Entrepreneurs are the new celebrities• American Dream 2.0• Lucrative• Game changing• Challenging• Looks good on your resume
  5. 5. Pros & ConsPros Cons• Challenging work • Uncertainty• Fast paced • Fast paced• Equity stake • Equity stake• Good benefits & perks • No benefits• Opportunity to make • Long hours meaningful contributions • Low pay• Growth Opportunities
  6. 6. What you need to know• Funding – Bootstrapping or external funding• Stage of startup – Early Stage – Expansion – Mature• Monetization of product/service• Management’s experience
  7. 7. More things you need to know• Look at your budget – can you afford a pay cut?• Talk to your family – how will this effect them?• Self assessment – can you deal with the stress, long hours, uncertainty?
  8. 8. Compensation• Find out specifics and try to get them in writing• Many venture capital funded startups offer competitive salaries & benefits• Early Stage startups offer highest risk & highest potential reward• Equity stake can be negotiated• All equity & no salary – Only at early stage – Only if you get a deal similar to founders
  9. 9. Compensation - Equity• Not all equity is alike• Stock grants mean you own the stock outright and can sell it after it vests and receive 100 percent of the sales price.• Stock options mean the company agrees to sell you stock at a set price in the future. If the company loses value, your options may be worthless. If the stock rises, you make money.• The vesting schedule -- the plan that outlines when you get the stock -- is also important. If you leave the job, or the company is sold or goes bankrupt before you’re vested, you may get nothing. Dona DeZube, Monster Finance Careers Expert
  10. 10. Getting Hired – What Startups look for in employees•Expert•Education•Flexible•Passionate•Personable•Start up experience
  11. 11. How to Stand Out• User Groups• Hackathons• Meetups• Developer contests• Contribute to open source projects• Independent projects
  12. 12. Finding Opportunities•••• me.php• Independent & 3rd Party Recruiters
  13. 13. Questions?Thanks for coming and enjoy the rest of Code Camp!