Joining as a founding employee - checks
Hi everyone, this is my first post in Grapevine. I’ve received an offer to join a startup in the logistics field as a founding employee in the product team. Before I accept, I’d appreciate any advice on what to check regarding: 1. The team 2. The problem statement 3. Salary 4. ESOPs & equity (percentage, timeline, buyback, etc.) Please let me know if there is anything else I need to check before. Basically looking for red flags in the last minute 😅 Thanks in advance!
GrumpyLemonade
Student
21 days ago
Hi
I know the esop percentage for engineering
0.5-1% not sure about your domain
Check their funding amount
Don't go on a base salary which is lower than market avg
- 0.3 to 0.7% equity
- Minimum 50% total ctc as cash in hand
- If the product has market fit, the problem will be good to tackle
- esops vesting 25% a year, but there wont be any guarantee of buyback until multiple rounds of funding
- if the team has good culture setting and vision, it will be fun and rewarding
Bumpy_Stock
Stealth
a month ago
Have you worked as a PM in logistics domain? Who is the CEO and his experience.
Has the company raised funds?
Also, if 2 months later you find out the problem statement has no validation, what would you do?
