On Sun, Jan 13, 2008 at 01:25:12PM +0200, Hetz Ben Hamo wrote: > Why? only because he decided to go with PHP? it's a stat-up, and I > assume Aviv started to write the code with PHP prior deciding upon > taking someone else to be a partner/worker and with a CTO title. Maybe > when they'll grow, the CTO will decide what tech to use and what won't > go in. I've seen so many start-ups that started with some LAMP and > then "resized" to something bigger after doing some meetings with the > staff and the CTO had the final word what to implement.
Sorry, I got lazy and included the answer to this in my reply to another email, it made more sense to put it there. > I'm looking for a job these days, and one thing that I learned (the > hard way, unfortunately) is to see if this start-up has any funds, > angels/VC/investors that stands behind those startup prior to signing > a contract. Any employee who is going to sign in startup should look > for press-release from those angels/VC/investors, or do some serious > Google search prior signing. Good thing to do. See my other email about dilution of equity. You also need to be careful about their contract with their seed/angel investor. If they are not a professional fund, which has milestones and audits of progress, they are probably a rich uncle, or a parent mortgaging their home or retirement funds. People like that also want to see progress and without a formal contract, get scared, bored or invest their money elsewhere and stop paying. In California, a VC fund must raise the entire amount of the fund before they can invest the first penny, other places, including here, there are no such rules. Also with the dropping dollar, a company comitted to pay $1m in investment may have found that they need to come up with 4.25m NIS and they only have 3.8m in funds. :-( > > I agree with Geoff regarding the CTO title. It's way there in the > future and you don't know if the startup will be succeed to have any > CTO, and any programmer who will take this job should not take this > promise as a "bonus" or as something to work for less money. Even in this country, which has some of the most lax employment laws. it is illegal to show that as real income in a job offer, but it is done all the time. No prospective employer will tell you that the equity they are giving you has a 5% chance of having any value in two years or a realistic potential value. Geoff. -- Geoffrey S. Mendelson, Jerusalem, Israel [EMAIL PROTECTED] N3OWJ/4X1GM IL Voice: (07)-7424-1667 U.S. Voice: 1-215-821-1838 Visit my 'blog at http://geoffstechno.livejournal.com/ ================================================================= To unsubscribe, send mail to [EMAIL PROTECTED] with the word "unsubscribe" in the message body, e.g., run the command echo unsubscribe | mail [EMAIL PROTECTED]
