How to evaluate startups as an employee…
This question is very simple but finding answer takes much time, Different people have different opening and concern and solutions also differ as per thoughts and experiences.
I am just trying to figure out some points and approximate solutions regarding same. this is not and standard advice just an opinion of writer (me)
As per writer opinion working for startup is big deal so….
First figure out…
1. What is your interest of area and expertise?
2. Is Startup offering you same kind of job which you are looking?
3. What is working domain of startup?
4. How big industry of that domain and how many players are playing right now at least some big players.
5. Competitors and viability of the product?
6. What is business model of startup and what are implementation phase?
7. Technology behind the implementation?
8. Promoters and Team members and their past achievements.
9. Funding and how money will rotate to get daily expense and salary for long run.
10. Your role in company and future chance to grow?
11. At last but not least compensation because nobody will survive on bread without butter.
12. Rest up to your luck
You can get all answers by…
1. Meeting with promoters and talking and ask as many question you want and do not hesitate because they can understand about dilemma and will happy to give you answers.
2. Reading on internet about company, segment.
3. Get some domain knowledge and do some market analysis.
4. Get knowledge about funding.
5. Last but not least talk some previous employee and get to know there experience in the company.