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Most useful reply so far. Thank you. I really needed a story of someone who lived kind of the same experience. I know there are risks, and contrary to what peo
by Perados 11y ago
Most useful reply so far. Thank you. I really needed a story of someone who lived kind of the same experience.
I know there are risks, and contrary to what people here seem to think, I am not easy to rip off. We haven't even started to negotiate with my boss, of course I will try to avoid loans and all that, I am not stupid. I haven't taken a decision yet, I need to think about it and talk to my boss and team for a couple of weeks.
Again, thanks!
- soneca 11y agoI understand your position. But the negotiation part is crucial to your decision. If you "just" a CTO for the startup, then I would follow the more common advice around here to reject it. Even though the experience might be valid, without the funding you wouldn't even get that, like hiring and managing other engineers - and trust me, if the founder said May, it will probably come in August at most. And if the startup is successfull you won't get the financial reward you deserve. So good experience is your upside. BUT... if you become a Founder, a proper one, reflected in serious equity, not a BS job title, then it is very different. According to YC, less than 10% (before any funding) they don't even consider you a founder. So I would negotiate participation between a minimum of 10% and a maximum of being equal any other founder. My opinion would be: founder or nothing. But I don't think it is irrational if the decision is: accepting the CTO role, gambling with the funding and considering experience a worthy outcome in the worst case.