anmol
Joined 17 years ago
Joined 17 years ago
To be clear, I'm not saying that's right or true. But assuming that's their position, does it change anything about your negotiation strategy?
Estonia could have a shot at becoming the "Delaware" for non-US entrepreneurs, esp EU, i.e. have all the high-growth companies incorporate because of clear, friendly startup support infrastructure and laws.
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F22's would be a lot cheaper to make (than today) if everyone had one in their backyard, like a Honda Civic.
Even better, give them Raspberry Pis' and let them code what they need to get to Facebook and every other site. 5-10x cheaper than an iPad, substantially more instructive.
On the flip side, TC gets syndicated widely, and is very helpful for technical hiring.
* For most 100 person+ tech companies in SF/Boston/NY, there most likely will be salary bands for different roles and levels. You can get this information on glassdoor and other sites.
* The waters get tricky with seed/early-stage startups, without dedicated HR resources, since most founders are not great at HR consistency. For such interviews, its OK and helpful to ask for a broad range for the role during the screening interviews. Its usually hard for the company to give you specific #s because they haven't completed technical interviews, and have no idea how good you really are.
* For BOTH big and small companies, its OK to ask for their comp philosophy early in the process. Eg. some companies pay higher-than-market cash but low options. Some incentivise the other way. If its more that 10-15 people, they should have an answer for this. If its a very early stage company, they may not have figured this out yet.
* Across all offers, you should be comparing total comp, not just base salary. Total comp = base salary + bonuses + stock options + healthcare + other benefits. For a early-stage startup, you may be able to ask them to move some of these around, based on your personal needs. After about 10-15 people, it becomes really hard for the company to do this, because everyone has to fit into comp bands.
* Advice to me from the head of recruiting/HR at a 3000+ person leading bay-area company: Every candidate they hired came up with an argument/data on why they should be paid more. Its part of the negotiation process, and the equivalent is me going to investors with a pre-money valuation that I think we're worth for our next financing.
* No company wants to interview a candidate for 2 days and discover they can't close the candidate because he/she is amazing but has completely different salary expectations. Hiring is huge team effort, and that's a bad outcome for the company too.
Almost every startup I've ever seen or been involved with, there have been different levels of commitment early on, which is OK. If/when things go wrong (which they inevitably do), having a clear leader/decision instead of deadlock, can be the difference between death vs. survival of the company, which is much bigger than the individual founders. These are inherently emotional moments. Even for the departing founder, the survival of the company is almost always a better outcome both in financial and personal impact terms.
That being said, unequal equity positions have historically been misused by business/MBAs against tech founders, esp true 5-10 years ago. This is probably why YC has a strong bias towards equal equity positions.
Edit: For comments talking about the "CEO vs. employee" mindset, if you make your co-founders feel like employees in 2-3 person company, you're a shitty CEO, period. In fact, a good CEO should make early employees feel like true team members (not just the co-founders).
But of all the things they could work on, why this team, problem or company? Many jobs will pay similar money.
Some version of this question is extremely helpful in (a) understanding if the candidate is going to be disappointed/not get what they want a few months into the job (b) identifying what motivates them, to help them find fulfllment and growth in their career (part of your job as a manager).