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Why You Should Consider Being an Early Stage Startup Employee

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If you think that being at an early stage startup employee means that you just work 100 hour weeks, then you're in for a surprise!

Having been an early employee of a startup (Mint.com), and having started my own startups (BizeeBee and Femgineer) I've gotten a real sense of the pros and cons of being at an early stage startup.

I'll talk about:

• How to evaluate salary, equity, and lifestyle
• How to mitigate risk
• How being an early employee teaches you how to setup a company, build a product, and can catapult your career!

Why You Should Consider Being an Early Stage Startup Employee

  1. 1. Femgineer Forum Why You Should Consider being an Early Stage Startup Employee April 2, 2014 Poornima Vijayashanker poornima@femgineer.com @poornima 1
  2. 2. Agenda • What is an early stage startup? • What’s unique about it? • Misconceptions • The reality. • Financing. • Exit strategy. • Why YOU should consider it • Common roles. 2
  3. 3. I have been at a few 3
  4. 4. Catapult your career! 4
  5. 5. What is an early stage startup? 5
  6. 6. Less than 20 people. 6
  7. 7. What is unique about it? 7
  8. 8. You will learn a LOT! 8
  9. 9. Misconceptions. 9
  10. 10. You’ll be joining the next... 10
  11. 11. You will make TONs of money! 11
  12. 12. You will ALWAYS be working. 12
  13. 13. You work alone. 13
  14. 14. You need to have a LOT of ideas. 14
  15. 15. What you do need to watch out for... 15
  16. 16. Constant change. 16
  17. 17. You might not always receive help.There will some chaos. 17
  18. 18. There are no clear steps to advancement. 18
  19. 19. You might not always receive help. 19
  20. 20. 20
  21. 21. Change in direction. 21
  22. 22. Lots of experiments. 22
  23. 23. Sometimes you move slowly. 23
  24. 24. Freedom & Flexibility 24
  25. 25. Funded or not? 25
  26. 26. Funded Bootstrapped vs 26
  27. 27. Do you want to go fast? 27
  28. 28. Team always matters. 28
  29. 29. Equity. 29
  30. 30. Dilution. 30
  31. 31. Salary. 00001234567 111100001111 31
  32. 32. AMT Early Exercise 32
  33. 33. 33
  34. 34. Acqui-Hired Acquisition IPODead Pool _____ _____ _____ __ 34
  35. 35. Why YOU should consider it. 35
  36. 36. YOU want to be an entrepreneur someday... 36
  37. 37. Who are they looking for? 37
  38. 38. Experience building products. Designer or Engineer 38
  39. 39. Do you have a different skill set? 39
  40. 40. Demonstrate your value. GrowthShare Plan 40
  41. 41. Who’s hiring Their stats Events 41
  42. 42. Review • What is an early stage startup? • What’s unique about it? • Misconceptions • The reality. • Financing. • Exit strategy. • Why YOU should consider it • Common roles. 42
  43. 43. Want to host a forum at your company? Contact: justin@femgineer.com 43
  44. 44. Courses for Spring 2014! Lean Product Development Visit femgineer.com/learn Mentoring Visit femgineer.com/mentoring 44
  45. 45. How to Transform Your Ideas into Software Products http://femgineer.com/transform-ideas 45
  46. 46. Q&A 46
  47. 47. Breakout Session! 47
  48. 48. KEY OBJECTIVE(S) AGENDA DELIVERABLE BREAK OUT SESSION Identify your misconceptions and how you can add value to an early stage startup. 30 minutes Get into groups of ~5 people. 1. Introduce yourself to the group. 2. Talk about your skills, recent projects, and a topic you’d like to share. 3. Present & receive feedback Short presentation 48

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