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Reply to "Would you take a C-Level Position for a start up you are not 100% certain will succeed"
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[quote=Anonymous]I'd look at who the investors are and what stage they are in. I'd look at whether or not the equity compensation plan is preferred stock or not, and what the dilution clauses look like. I'd want the investors to 'pay to play', myself included. I turned down an opportunity like this twice. First company I turned down has stumbled along and managed to eek an existence but has otherwise generally not moved forward. They will try to exit, like below investment value, next year. I liked the product but always saw it as a great "$100,000 a year part time" business, not a $100M business. My co-founder wanted $100M business. I left. He'd probably be doing great if he followed my advice. I dodged a bullet there. The other company I believed in a lot, had a proven executive team, but I couldn't afford the "come work for free in SFO" life. KPCB dropped $200M into it a year later. I missed the boat on that one, big time. [/quote]
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