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So I know, especially with a lot of the layoffs with bigger companies lately, a lot of people are anxious about starting new jobs. When it comes to startups though, how well funded does it have to be for you to feel comfortable joining? I think I wouldn't join anything that has less than maybe 20 million at least in funding, but curious to hear your thoughts.
I think more important than funding is who's the team that you're working with, you believe in the people, what's the plan, is there a strategy in place to see it working. Because then you can get funding even if there's little.
Totally, you know, again, believing in what they're doing and, yeah, being one of those key members, you can always help the company get the means that it needs to get going.
Well, it depends on the foundation of the company. It also depends on the mission statement, what the energy is like, and what type of business it is, and then where we're going with it is how I would start.
I think that's super valid too. I mean you know startups in general are always kind of you know that sort of risk where you have to really believe in what they're doing and you're one of the key people making it happen.
Yes, it just depends on what the overall goal is of the company, what we're trying to strive towards, what's the vision, how we're going to go about it, and how much time we need to put into.
I'm not familiar with startup culture very well, but if I remember correctly, the essential thing is betting on the right people. Because no idea is an idea, but people are people.
And sorry for the ad, but there have been many instances I've read where a startup fails and the people who get together start a new one that has a success to it.
Yes, as a former recruiter, I cannot agree with you more. The people are the entire thing and often, maybe the startup wasn't a good idea, but the team, you know, just had was really brilliant. So, totally agree with you.
For example, you would hope that a startup would have a runway of cash for like a good two years, right? And that the team knows that, okay, they may run out in two years, but we will start fundraising at a certain point in time.
As someone who's built these types of companies from scratch and also joined early-stage companies, I should probably want a lot more of a runway than what I usually do but now you should definitely look for six months if you join