How long is your money going to last? Why do you think your business model is going to work? Can you afford to go ahead with your buyback plans?
Startups looking to hire – especially at the senior level- are now facing a barrage of such tough questions from prospective candidates, particularly those from non-internet sectors.
Candidates at senior and CXO levels are now probing recruiters and founders about how startups are spending money, their runway, and the next tranche of funds..
Candidates at senior and CXO levels are now probing recruiters and founders about how startups are spending money, their runway, the next tranche of funding, etc. amid a slowing funding climate and a spate of layoffs across the sector, industry insiders said.
There is now far more in-depth questioning from CXO and CXO-1-level candidates on aspects such as money in the bank, long-term prospects, and even the value of stock options they would get, he said.
The increased due diligence by prospective employees comes even as certain startups are withdrawing some offers rolled out already, a recruiter said.