Startup Career Rant !!
Hey Viners, do you think Startups should provide the details of their financial health to new employees so as for employees to know where they stand ??? Many startups, no financial transparency, founders who say we have enough runway, all bs and in the end laying off people, reducing benefits. Doing secondaries for founders and making big money and running away
LooseGoose
Stealth
a year ago
I think they should, if they don't have anything to hide 😏
Problem is that larger the company grows to be, more the skeletons that get hidden in closets.
Most importantly, such numbers might lead people to estimate salaries and that could be controversial especially for senior folks who might not actually be able to justify it.
I mean if revealing salaries is the only issue, they can put salary as 1 block and rest all of them in detail.
LooseGoose
Stealth
a year ago
That wouldn't help much imo, salaries are usually the biggest chunk of expense in any business. Other expenses are mostly not as important.
Qwerty2398
Stealth
a year ago
People joining senior roles, CXO or BOD get that access, but only after the pay is agreed. Thats only do with legal reasons. For lower level employees we should be happy that startups allow coffee breaks or provide water supply in toilets.
Should they? Yes.
Would they ever in a million? No.
It is too much sensitive information, sometimes even investors are not made privy to it
