Employee Questions To Ask When Joining A Unicorn

Scott Belsky has a great post up titled Don’t Get Trampled: The Puzzle For “Unicorn” EmployeesIn it, he’s got a bunch of questions, along with detailed discussion, that you should ask your potential employer if you are considering a job at a unicorn (company with > $1b private valuation.) His suggestion is to strongly “audit your comp” in advance.

The questions include:

  • Have you raised capital with liquidation preferences, and what are they?
  • How many months of runway do you have?
  • If you need to raise more money but are unable to do so at standard terms, will you accept less favorable terms or will you raise at a lower valuation?
  • Has the company taken on debt?
  • Does the company aspire to be a public company?
  • If the company’s plan is to stay private for the foreseeable future, have there been secondary sales for employees and/or founders?
  • Have the company’s financials been audited?

I encourage you to read the whole post at Don’t Get Trampled: The Puzzle For “Unicorn” Employees.