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by curiousfiddler
2660 days ago
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Thanks, the points you make are very important. Specifically, on "... executive level bullshit politics related to their short term compensation milestones ...", I would like to add, this one is the hardest to figure out and has a significant impact on your growth not just within the company, but as a person in general. Any more suggestions, on good ways to find out if this is part of the company culture? |
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Public companies are easy because it's all public.
Interesting documents are SEC 8-K's, which are unscheduled filings about material changes to the business. Ask yourself why a couple of times to get to the reasons behind it. Volatility means uncertainty, and uncertainty often implies a power struggle. Nowhere is perfect, but adjust your expectations about how much chill to expect. Read a lot of them to get a sense of what's normal.
If the execs are stacking equity in a public company and only selling to pay taxes, that's a pretty good sign everyone is committed. It's also a sign that there isn't a lot of volatility, and with that stability, growth may be slow, so expect growth opportunities to be commensurate and feel out the trade off.
Huge disclaimer that these are just tea leaves, but to reply to another comment here, you are investing 3-5+ years of your life and your reputation into a company, where a VC is just allocating maybe 1/30th of their fund. You have more to lose as an employee than that investor does. Just keep an eye for the longer term.
Most of us are just happy to get a gig, work with cool people, get paid very well and dream about upside, but when you evaluate every 3-6 months working at a job as opportunity cost against validating an idea against possible market fit, you start looking hard at the trade offs.
Based on crunchbase profiles, if a founder is present, but demoted or marginalized ("special projects"), find out if there is a technical lead who can't say yes, but who can say no to everything. Not a dealbreaker, but a culture variable.
If the founders are out of the picture, ask about tech debt and whether company has enough new runway to stand up a new platform. If not, it means they're hoping to grow their way out, and ask if there's a roadmap for that play. If they don't have an answer, just expect competing priorities as it's going to be very sales driven, with customer/sales politics.
If the CEO or other execs have been there for more than 3 years without profit or a new financing round, who is protecting them and why? (hint, board, running dumb money, possibly angling for sale, not explosive market dominance.)
Window dressing to attract acquirer attention causes insanity on teams because managers have do things to appear positioned, and they are under pressure to "produce," metrics to keep the ball in the air. My experience was it causes rage quits and makes people enemies for life. The pattern of leadership angling for a sale, but must swear they are not makes everyone seem psychotic.
I'm not an authority on this, I happen to write and this is what I've observed.
People behind all this aren't evil, it's just some incentives can be used as tea leaves to get a sense of what questions to ask before you give up 6-10 six-month iterations and pivots on launching your own idea for some snacks and a foozball table. :)