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Mistakes I've made - #127.
According to David Beisel at Genuine VC, I should have asked these seven questions before joining a startup:
- If you are receiving employee options, what is the number of fully-diluted outstanding shares?
- Has there ever been a down round, a flat round, or a CEO change?
- What is the burn rate and how much cash is in the bank now?
- What is the plan for exit strategy and its timeframe?
- Could you meet the CEO, the founder(s), and those on the management team?
- Are there plans in the next six months to hire anyone along the chain-in-command between your position and the CEO?
- How many employees did/does/will the company have six month ago, now, six months from now, a year from now?