41–50 of 88 posts
I'm really interested in attending something like this but am on the East Coast. Will there be any audio/video available from this event?
Yes, we'll broadcast the event on Justin.tv.
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If you're a hacker and want to work at an interesting, funded startup in Boston, there are about a million jobs here. Everyone here is hurting for good technical talent. Just today, I had lunch with an executive at a company that is just killing it and, as always, the conversation turned to recruiting. If you want a gig in Boston, shoot an e-mail to sachinag@gmail.com with your resume and what you're interested in, a…
Do you know if NYC is the same?
Problem is, I'm in Toronto and only through a NAFTA VISA I can work there. I highly doubt many of the jobs are open to this Visa. That's frustrating.
Earlier quoted context omitted.
Yes, we'll broadcast the event on Justin.tv.
Do we know when? It says invitations will be issued June 1, but not (that I saw) when the event actually occurs.
Earlier quoted context omitted.
Yes, we'll broadcast the event on Justin.tv.
Do we know when? It says invitations will be issued June 1, but not (that I saw) when the event actually occurs.
Earlier quoted context omitted.
This particular event is mainly for programmers. We're hosting this at YC itself, and we can't fit as many people as you could in an auditorium. But ultimately it depends on the presenting companies: http://news.ycombinator.com/item?id=1346178
This is an interesting filtering process. Presumably, there will be some who attend this event already identified (based on their resumes) as desirable candidates for one or more companies. Will this be asynchronous knowledge or will the attendees and companies have contact and/or show interest in advance?
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This will get you in the door at an already funded startup where you'll get a salary and still have the potential payoff of a big exit. Simply out of curiosity, what range equity stake would a programmer get? More specifically, if there is a $10mm exit, what would a programmer stand to make? How about $100mm? I know it varies by company, vesting, additional funding rounds, and a bajillion other factors. I'm just curi…
This is the kind of thing I'm going to talk about at the event. But here are some rough calculations. If you were the first person hired by a YC startup you'd probably get between 3% and 30% of the company. I know that's a wide range, but that's the range I've seen. Suppose to make the math easy you got 10%. Suppose you get diluted 20% by funding rounds before a $10m exit. That yields $800k. In a $100m exit you'd pro…
(Obviously this affects the risk/reward trade-off)
Earlier quoted context omitted.
This is the kind of thing I'm going to talk about at the event. But here are some rough calculations. If you were the first person hired by a YC startup you'd probably get between 3% and 30% of the company. I know that's a wide range, but that's the range I've seen. Suppose to make the math easy you got 10%. Suppose you get diluted 20% by funding rounds before a $10m exit. That yields $800k. In a $100m exit you'd pro…
What's a typical salary for the same person? (Obviously this affects the risk/reward trade-off)
Earlier quoted context omitted.
Programmers It's best to look at this as a theoretical upper bound, not a likely outcome. Usually the investors, founders and board members fuck around with the corporate structure, option splits and preferred vs. Common stock so that the employee options are worthless, anyway.
Usually the investors, founders and board members fuck around with the corporate structure, option splits and preferred vs. Common stock so that the employee options are worthless, anyway. That's not common in successful startups. No successful startup would want to alienate their employees this way. It wouldn't be worth it, just to recapture a few percent of stock. Common stock only gets massively diluted when a com…
I don't agree that "usually startups in trouble end up dying, or getting bought in a fire sale." I don't know if anyone has a big enough data set to give us the "correct" answer.
But if you talk to thoughtful, experienced VCs and entrepreneurs who have seen many companies through their whole lifecycle (birth to IPO and beyond), I think they'll tell you that a lot of the successful startups get in significant trouble along the way. And if that trouble coincides with the need to raise a round, common stockholders get diluted.
Preferred stockholders have anti-dilution, pro rata rights, protective provisions, and cash reserves to protect them.