Anyone ever work for a startup?

Fedorgasm

Steel Belt
@Steel
Joined
Sep 18, 2008
Messages
31,440
Reaction score
44,924
Thinking about applying at this company. They've been around for 8 years but they still describe themselves as a startup. Less than 100 employees.

I've heard startups will work you to death and then at the end of it all they just go out of business anyway and you lose your job. But I don't know if any of that's true. Wondering if any sherbros have experience with this?
 
Yes go for it, you already know what's going to happen so you won't be to disappointed..

Is an 8 year start up company the same as an 8 year college student with no plans of graduating in sight..?
 
Some of my wealthiest friends were at startups.. one of them being izettle so maybe not a fair comparison..
 
Some of my wealthiest friends were at startups.. one of them being izettle so maybe not a fair comparison..
yup, one of my friends used to work for Activision, Ubisoft and a Movie Special effect company (forgot the name, but worked on Stranger Things)
Him and 4 of his friends had an idea for a cellphone game.
They just signed a good 7 figures deal last december.
game wil be released soon, but can't talk more about it.
 
I worked at a data storage company in the very early 2000s. They were a few years too early and burned through all the capital less than 2 years. If they had come on the scene even 1-2 years later they would probably have become a major player. It was a great time. At the time I thought the stock options were gonna let me retire at 35. They became like Confederate currency instead.
 
yup, one of my friends used to work for Activision, Ubisoft and a Movie Special effect company (forgot the name, but worked on Stranger Things)
Him and 4 of his friends had an idea for a cellphone game.
They just signed a good 7 figures deal last december.
game wil be released soon, but can't talk more about it.

Awesome! It's hard to get rich from 9-5 work.. for most guys it's one of few ways to get actual rich..
 
Tinder still considers themselves a start-up, so your mileage will definitely vary.

But go for it if you get stock options. Or you believe in the product/service. Otherwise, keep that resume updated at all times.
 
Nope. Just work so someone else can be rich and enjoy the finer things in life...
 
Depends on the industry, but during the interview it’s reasonable to ask about how well funded they are, product deadlines and when they will need to do crucial fundraising. I would ask if there is a deliverable coming up that could make or break the company (within an 18 month window, they should have detailed plans projecting that far), and whether you would be able to have an impact on the success of that venture. Also weigh the potential value of stock and equity compensation if the company is successful, as that upside, if combined with a competitive salary, can make the risk more palatable.

Ive launched a startup that grew to a pretty big company, it’s not so much the volume of work that’s a killer, it’s the lack of clearly processes and procedures that adds stress. It’s harder to objectively assess performance in that environment so often the whole staff really rises and falls on company performance strictly, making the dead weight people harder to carry. Usually the leadership is spread thin so there’s a lot of big picture delegating and novel problem solving, which I like, but that can sink people who are accustomed to working on very clearly defined assignments.

Additionally, they’ll often need to take on business to grow, meaning the work can increase rapidly despite slow growth in headcount.

Of course, these things combine under a worst case scenario to meaning a ton of work and high risk of failure, but it’s not constant, and that can be more interesting than filling a clearly defined corporate role.

Having done it, I don’t think I’ll go back to another job in a big, established company.
 
Yes, and it was pretty hilarious. At one time we had a total of 5 employees and over 10 different job titles so that we'd appear to be a bigger & more legit company than we actually were. I was the VP of Operations and also the Technical Director, and for a short time I was Logistics Manager as well. The owner gave us these titles & supposed roles, but in reality we were all doing each other's jobs and planning out business strategy over pizzas until we hit about 12-15 employees.
 
If your not in your early 20's, I wouldnt do it. I worked for a 3PL startup and it was basically a frat house with a bunch of college kids working their asses off. Shared offices are a fucking nightmare.
 
No, but sometimes I wish I did. I have a lot of friends in the Bay Area that work for startups and are rich AF now or make bank in exec position. The most successful we know is one of the founders of Redbeacon startup who was bought out from Home Depot. Made multimillions and was the CTO for Home Depot for a few years. Not 100% sure what he is doing now, but I know he is still a advisor and has his own patents. Before Redbeacon he was one of the OG engineers at Google. One the opposite spectrum we know someone that created a startup. Something to do with import car mods, I don't remember, but it failed at the end. He even quit his high paying petroleum engineer job to pursue it, but now he's married to some super rich (family rich) girl from China and helps run the family business so he won either way...
 
If your not in your early 20's, I wouldnt do it. I worked for a 3PL startup and it was basically a frat house with a bunch of college kids working their asses off. Shared offices are a fucking nightmare.

This was my experience when I was at one to gain experience during a layoff. My supervisor was 22 versus me being 31, kid had the biggest ego for someone just 4 months out of school.

Providing your own computer in an industrial building sharing a giant table was a weird experience. Felt like a sweatshop.
 
Nope; they'll work you to death for no money in exchange of a piece of the company in which you may or may not, but most likely will not ever get to cash in on.
 
I sometimes do consulting for Sales start ups...Some of these companies have such one dimensional owners...Like brilliant idea, and smarts. But no idea on the simplest most basic business acumen. My advice is to hire experienced HR/Talent acquisition Manager first. Employee lawsuits are a common thing with Gen Z and Millenials. Need to be compliant. Then get a good Office Manager/Book Keeper that you trust. For sales its pay for play only until you are established. Then grandfather in your best folks and run with it.
 
They usually end up being the best jobs ever or they quickly fail and you have to move on. If they are successful, they'll end up getting bought though and everything you loved about it will go away.
 
Thinking about applying at this company. They've been around for 8 years but they still describe themselves as a startup. Less than 100 employees.

I've heard startups will work you to death and then at the end of it all they just go out of business anyway and you lose your job. But I don't know if any of that's true. Wondering if any sherbros have experience with this?

Startups are usually family businesses where family will always come first or it is a business where the owner does not know what he is doing. I run a startup and I employ myself because I am the only person I trust to work for me anymore.

And yes I have worked for startups.
 
Back
Top