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Are you being interviewed for a job at a startup? This is how you will identify the chances of exit - Walla! Of money

2021-10-23T14:17:22.954Z


Every employee in the industry, wants to be included among those who made a lot of money thanks to the success of the company in which he joined. These tools will help you locate a company with high chances of success


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Are you being interviewed for a job at a startup?

This is how you will identify the chances of exit

High-tech in Israel is boiling and technology companies are receiving higher valuations than ever before.

Every employee in the industry wants to be included among those who have made a lot of money thanks to the success of the company in which he has joined.

But how will you recognize the exit already in the job interview?

Here are tools that will help you locate a company with high chances of success

Tags

  • Hi-Tech

  • start up

  • Capital Raising

  • Job Interview

  • success

  • Exits

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Thursday, October 21, 2021, 09:29 Updated: Saturday, October 23, 2021, 17:09

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The Israeli high-tech market is in a meteoric rise. "In 2019, 19 exits were recorded in Israel and in 2020 this number has already grown to 31, while in the last year, 2021, only in the first quarter of the year there were already 23 exits, which yielded the founders, as well as employees, nice amounts in the bank account," says

Alon Horeb, CTO at Data VAST provider of storage solutions.



"in the current year, resulted in thousands of workers start-ups have been long awaited moment and met the money through exits, IPOs or secondary rounds (secondary rounds) where investors buy options of employees," adds Horev and offers tips on how to locate the company with the highest chances of success, even before the first interview in the company.



If in the past we were used to a situation where an employee is interviewed in a company in order to sell himself, his talent, abilities and energy, then the market has changed - in sought-after positions in the industry, employees are the ones who "interview" the company, and this in turn, - Economic, will be pink if he joins its ranks.

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To the full article

23 exits in the first quarter of 2021 - compared to 19 exits in all of 2019 (Photo: ShutterStock)

A fast-growing company

If you are an employee who wants to earn a lot from the desired exit, it is better for you to join a company in rapid growth, where the options grant you will receive will double its value several times over.

On the other hand, keep in mind that the smaller the company, the lower its chances of success on the one hand, but the significantly greater its profit potential.



The differences between companies at different stages do not end with its chances of success and profit.

In small companies, everyone's contribution is more significant and there are more opportunities to stand out in key positions.

In contrast, large companies have more resources, such as money or manpower that help build big things and compete with the big companies in the market, and in this way the chances of the company and the employees to make money increase.

Alon Horev, VP of Technology at VAST Data (Photo: VAST data)

What metrics will we look at before joining?

Growth in activity

- Really good companies are companies that grow. Growth is the reason investors are risking their money. For example, 100% growth per year in number of users or revenue is good growth. In contrast, 10% growth is not significant enough for most investors.



Business Success

- Growth is also measured by business success. Check if there are articles on the Internet or on the company's website about the company's successes, including its recruitment rounds. Professional, in-depth and mostly neutral articles can give you the full picture of the company, such as who its customers are and what its degree of success really is.



Growth in the number of employees

- when the company shows significant growth in manpower, this indicates its success. As the company grows and continues to offer jobs in large quantities, it is in the right direction. It is recommended to go to LinkedIn or the website of the company you are interviewing for and check it out.



The background of the employees and managers

- When it comes to a young company that does not yet have an absolute product and it is not possible to actually measure its growth, it is possible to check in this case whether the employees in the company are talented and outstanding people in their field, thus projecting and inferring its potential. Check the previous experience of the company's senior executives and find out what the background of the employees is. A little "stalking" on LinkedIn in this case will not hurt.



Raising capital

- Another hallmark of the indication that the company is successful is frequent fundraising. Raising tens or hundreds of millions of dollars is a sign for investors who are willing to pay a lot of money so as not to miss an opportunity for which success is highly likely. The good companies increase their value significantly in each round of recruitment. Companies that hide their value in rounds of recruitment usually do so because it is lower than expected or even from a previous round of recruitment, which means that investors lose confidence in the company.



Employee trust in the company

- Another way to learn about the company is to demand an explanation of the product during the screening rounds from one of the key employees, in order to be convinced that he, and possibly other employees, believe in the idea and are willing to gamble on it.

If they have doubts, you will probably be able to identify it in their answers.

Ask specific questions about the company's financial situation (Photo: ShutterStock)

How to prepare for the job interview

For the interview itself you will need to arrive oriented with the specific questions that will help you understand what the state of the company is. For example, suppose the company sells today at its current value, ask - how much can I gain from it? That is, what is the value of the options the company offers me?



Not everyone is willing to answer this question, but since it is a significant component in reward one can insist and eventually get an answer. If you did not receive it, it should light a red light for you. Also try to find out - is the company profitable? Most start-ups do not have to be profitable, but those that are - are in excellent shape.



Another question could be - what has been the company's growth in the last year? Every company measures itself differently. This can be based on the number of transactions, the number of new users, the amount of revenue, etc. - try to find out about each of these areas.



Finally, they also asked - how much money is left for the company in the bank? In other words, how much time does society have left to live? This is more relevant for smaller companies at higher risk. A company that cannot survive a year with the money it has in the bank probably has a hard time raising money from new investors and the chances of you making an exit with it are lower.



You do not have to get answers to all the questions - but the more answers you get, the more you will know that the company is proud of its success. If you do not receive answers in the interview, there is no substitute for an honest conversation with an employee of the company. Try to find an acquaintance who works for a company or even a friend-of-a-friend (again, LinkedIn is a great solution) and ask to talk to him. This way you can talk to an objective person who has no interest in recruiting you, and get the most reliable answers from him.



You can also ask questions that you would not ask during the job interview, such as Are most employees professional?

Or what is the attitude towards employees?

At the end of the day, along with all the financial information you want to get and your need to worry about the future with financial stability, the last question is the simplest, and probably the most important - is it fun in society?

And a real answer in this case you can get only from the employees themselves.



Growth and success are important when choosing a workplace but enjoyment and satisfaction are what will keep you there for a long time and from the beginning.



Tips courtesy of Alon Horev, VP of Technology at $ 3.7 billion worth of VAST Data, which provides innovative storage solutions that solve the failures of the industry for decades.

For reliable answers.

Find an objective person who has no interest in recruiting you and is linked to an employee in the company (Photo: ShutterStock)

VAST Data is a storage company that puts an end to the complex layers of HDD storage and use in organizations.

VAST consolidates applications within a high-scalability all-flash storage system to meet the demanding workload storage requirements.

At the same time, it redefines the costs of Flash technology to make it worthwhile to store all your enterprise data.



For more information visit: https://www.vastdata.com.



VAST's Universal Storage now strengthens some of the world's leading computing centers.

Vast Data's headquarters are located in New York and its development center operates from Tel Aviv.

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Source: walla

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