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Be sure before you join a startup
Startups are a high-risk/high-return kind of investment. We often imagine them to be a super cool place to work with a lot of innovation, freedom, and growth. They generally have a good reputation associated with them. There are a lot of good reasons to work for a startup, but there are as many to not. You must take this decision carefully, just like you take caution before investing in a risky business. The idea here is not to discourage you to join a startup. I have worked in two different startups and I have learned a few lessons the hard way. Here are some hard stats about the startups
As you can read from the above stats, that a lot of startups fail. No one would like to be part of a failed startup. Only a few of them become the big success stories. It is important to research a few fundamental things before you join a startup.
- Product / Idea
This should be the most fundamental reason for you to consider joining a startup. Your belief in an idea will drive your passion to materialize it. Startups run on the fuel of passion to do amazing things. As per Webster’s Dictionary :
Passion is an intense, driving or overmastering feeling of conviction” or “a strong desire for or devotion to some activity or concept”.
The definition summarizes beautifully how you must feel about the idea/product that you want to build. The passion will help you pass the difficult times and to deal with any complex challenges. Bill Bernbach quotes:
You’ve got to believe in your product, you’ve got to believe in your work. Only a deep belief will generate the vitality and energy that give life to your work.
You may be signing up for toiling and countless overtime hours as part of this new stint. And none of this will be possible without passion.
2. Reason of existence
You must deeply understand the reason of company’s existence. Why users should be using…
