Hiring freeze until company hits Series A funding milestone.

Question

Savages,

I had an interview nearly two weeks ago with a company that offers VR software for the AEC industry. Very cool. Opening is for their first SDR position working directly with VP of Sales. They want to push me through to the next interview but I was just told by my interviewer (VP of Sales) that their Series A funding is ~30 days out, give or take, and they've been put on a strict hiring freeze till probably EOM.

I think this position is a great break-in to the tech world as my most recent roles were in AEC.

Does this raise any flags to you at all or is this just a normal occurance?

Accepted Answer

Yeesh that seems early for that. Then again it's only series a so hiccups are rampant. 🤷‍♀️

Answer

It's odd that they're freezing interviews. That's different from hiring. I'd keep looking...

Answer

I don’t trust this. That month will turn into 45…60..75 days really fast.

Answer

So that little "~" symbol basically is just proof that the 30 days is totally just ballpark, and historically speaking a Series A always has crap happen that can push the timelines

Answer

Keep looking, but don’t burn bridges.

Answer

Keep it in the hopper, not a HOT lead but a lead nonetheless.

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This just happened to us. My company just did this, pre Series-A.

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better to know now than after they promise you an offer and then don't deliver for several weeks.  Be happy they are communicating this with you.  Many companies would simply forget to tell you.

Answer

🔺🔺🔺

Answer

This sounds to me like they don't have any cash on hand to actually hire anyone/make payroll. They're counting on that Series A funding to not be laying people off/filing for bankruptcy. While startups tend to run pretty lean in terms of cash in the bank, this would definitely make me nervous about the stability/growth of the company in the long term.

peachykeen

Hiring freeze until company hits Series A funding milestone.

16 comments