This is because usually in an early-stage startup, a boss wears many hats. ‘Eyes on’ is work that I don’t need to do, but need to be informed about, such as designers’ progress on projects or design requests from the org. Ask about the runway of a startup before joining. “I needed help and wanted to talk to other designers. And you should be rewarded for any loss of salary (and the risk that you will be earning $0 salary in a few months if the company does not raise money) in a significant equity award when you join the company. More on this issue here. The answer depends heavily on your personal and professional goals. Let’s take an even more conservative approach and assume that the valuation only increases 1.5x each year for the entire 4 years duration of your vesting period. Part of what makes early startups so exciting is the thought that you might be able to gain huge perks for pitching in at the starting line. But the one that hits home for me is how I’ve defined my personal philosophy on design,” says La. Most early-stage VCs invest with a 10-year horizon. There may also be other unusual clauses. If you’re not that type, and all you want is a paycheck before going home. Think of yourself as a late-stage founder and negotiate for a specific percentage ownership in the company. The most pressing must be addressed or the others won’t matter because you’ll be out of business,” says La. You don’t get that in a three-year stint at a Google or Facebook. you may forfeit your equity when you leave the company or are fired. Are you purchasing some shares? But if you’ve only got a few years of experience under your belt and are close to entry or mid-level range, the person to help guide you to the next level and in whose footsteps you’re walking may not exist or they may be so busy working on their projects that they don’t have time to sit with you and show you how to do things. You got to deliver on everything super fast. And no company can become an $8 million company without a great team. I also didn’t know much about healthcare. You definitely have to work hard in a lot of industries, but I would venture to say that your relationship with your work is a different animal in startup land. He emphasized to me that constant prioritization — the act of choosing to work on the right thing at the right time, over and over again — is the thing that will make or break a business. What are the tax consequences of the form? Originally published February 12, 2014. Look for repurchase rights for vested shares or termination of stock options for violations of non-compete or bad-leaver clauses. This field is for validation purposes and should be left unchanged. Recently an entrepreneurial leader told me he was interested in joining a funded early stage startup in a COO or CEO role. You are not taxed at grant.

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