Going back to the last time I picked up a job, I can’t even remember reading any of the content that was sent over. I guess I skimmed some documents to make sure that the numbers written down reflected what I was told on the line, but after that, it was a flurry of digital signing with emailing, with precisely no due diligence on my end.
Not great. I bet your experience of accepting new gigs was a little bit similar. In startups, jobs are offered in all their 409A and vesting-period glory, with exotic pay types, chock full of startup stock options. Most people cannot even appreciate what’s on sale.
Like what the value of their complete comp package is when performance pay and other sweeteners are stacked at basic rates. It’s much more complex for online learning at the equation.
It is the business room that Welcome, a startup which announces a fundraise of $1.4 million, needs to fix. It is, in that if Welcome stayed forever in its current market position it would have a smaller target for the product than most startups. But the company has planned overtime to extend its product-set.
Gavronsky and Pereira have marketing experience, and people work, making their Welcome union a perfect fit, respectively. The company’s staff is just four people, but the startup plans this year to double in size. The money it received in January but is just addressing now makes the recruiting necessary.
Now, that number of $1.4 million is pretty dated. I would usually miss around too far out from the experience, but Welcome caught my attention when I previously reported about another HR tech company, Sora, and the Welcome deal felt like an illustrative event: this is how seed rounds are revealed, far after the fact, which makes reporting on seed-stage patterns very challenging. Something to remember.
Read more: Lightspeed invests $275 million in India
Welcome is to bark a winning tree with its offering, not just because today’s offer/offer approval process is garbage lets email some PDFs and hand out a nominee between departments! — mostly because it saw high competition from future buyers early on. Nevertheless, what is interesting about Welcome is that if it can get a lot of consumers on board when it makes the beta or launch, the company would have put itself in a role that it will grow in many ways. For example, it could extend its feature set to assist with pre-onboarding or onboarding itself, since it already knows a new candidate and their new employer. Of course, the startup wants to talk more about what it is building today, but looking ahead is also fun.
Want to close an engineer who has a high level of confidence in the offer in North Carolina? Welcome will be able to tell you what a comp kit will feel like first because you want to make sure that the applicant agrees.