Today's video we discuss the Pros and Cons of joining a startup, as well as some things you should know when applying for a startup.

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In general, if you prefer structure and stability - you may want to look at a bigger more established company, and if you want more flexibility and learning more , you should look at a startup - but the pay is generally not going to be as high.

Pros
- You will learn a lot - different types of roles and responsibilities
- You will get promoted faster, if you're good and think like a business owner (see video on owner's mindset)
- The environment is usually fun, the hours can be more flexible
- If you care about the mission of the startup it can be a really fulfilling experience
- It's kind of a lottery ticket, if the startup gives you options

Cons:
- The hours are long.
- You will get paid less, or have little benefits - unless the company is well funded
- There's not always structure.
- Sometimes there will be lack of mentorship.

Things you should look for when applying to a startup:
- First, we should know what stage of funding a startup is in. The typical funding process goes like this: Pre-Seed to Seed to Series A to B to C to D. If you join a startup that already has their Series B or C funding or later, they should already be mid-sized. There's still a lot of upside here. The funding round can also tell you what kind of offer you can expect in terms of salary and equity. The earlier it is, don;t expect as much salary, but perhaps higher equity options, and then as the funding moves along, expect higher salaries but less in equity.
- When it comes to equity, you can ask how many shares are outstanding. Talk about 10000 shares and what that means.
- Get an idea of what the culture is like, and see if it fits your style. Some startups are super all or nothing / hardcore / expect you to work all the time, others have more of a balanced work life.
- Get an idea of where your role could lead to, ask questions in your interview about what types of roles can be possible while at that startup.

▶️ My name is Humphrey Yang, I am an entrepreneur who has built businesses and am passionate about Personal Finance. This channel is dedicated to helping people (whether you're 21 or 81) become better with Personal Finance, Investing, and Entrepreneurship. I hope these videos help!

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Disclaimer: I am not a financial advisor, any investment commentary are my opinions only. Some of the products and services that appear on this channel are from companies that I have an affiliate relationship with, such as Robinhood, for which I recieve a small percentage made via those links, but it doesn’t cost you anything extra!

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