Like everyone else, I am definitely interested in the early success and equity but also want to grow the company myself.
I wanted to understand what are the kind of things I should consider joining early stage startups and what are typical red-flags to watch out for?
Thank you.
Start ups hiring people to be ICs and pay them like ICs (in the form of equity) that early is a bad signal. They should be hiring contractors instead if they need specific work done as an IC.
The first bunch of full time hires are leadership hires. You will wear lots of hats, and do lots of things you wouldn't do as an IC at a typical large company.
Beyond that, you need to be absolutely sure you will mesh with the "founders". You are in essence a founder. You are likely building something that will be foundational to the company. You will be making decisions that will probably live beyond your tenure at the company.
So either you need full autonomy, or you need to know that conflict will be handled properly and your opinion will weigh just as much as the "founders".
This bled over into the company the company was a mess, and ultimately lead to the company going bankrupt. All this could have been avoided by paying $20 to one of those background check websites. In larger companies the inertia of the companies protects the companies from one or two bad actors, but at a small company one bad actor can quickly sink the company.