4 ms·

Not 100% sure what you mean. I really want a normal salary now, but they don't have the cash. Post-accelerator I would like/expect a real salary. I don't know i

Not 100% sure what you mean. I really want a normal salary now, but they don't have the cash. Post-accelerator I would like/expect a real salary. I don't know if 1% is a lot of equity or not especially because of how dilution works. If I understand you correctly I agree.

sharemywin 11y ago
If the accelerator is getting 6% for 25k than the company would be valued at 416k pre-money. If you should be getting 5k per month, I would want .25% per 1k I'm not being paid. So, if 4 mo's go by and your getting 2k/mo, I would think you should get .75(3k short per month)*4 mos = 3%. Make sure you get it in writing even if an email(better than nothing). Other than a down round you should always make out better money-wise with each round. And this should be equity not options.(BS opinion not legal advice.)
- vonklaus 11y ago
  Makes sense, I understand now, and that seems pretty reasonable. Thanks.
- ramtatatam 11y ago
  +1 for "have it in writing".
rmc 11y ago
> I really want a normal salary now, but they don't have the cash. That's fine. If they don't have the cash, then all they can offer is equity. > I don't know if 1% is a lot of equity It's not. Why do each of the founders get about fifty times more equity than you? Are they doing fifty times the amount of work? Are they taking on fifty times the amount of risk? etc.
- ramtatatam 11y ago
  Not being an expert in start-ups (although involved in three) I would say you do not measure contribution purely by amount of work. Idea, market research, amount of risk taken, amount of capital raised / invested... Unfortunately "bricks and mortars" work is somewhere at the end of the list - you can get somebody else to do the work, which does not apply to other points.
  - sharemywin 11y ago
    Alot goes to supply and demand though too. And there aren't a lot of people willing to work for free full-time for long periods, except co-founders.
    - ramtatatam 11y ago
      Of course, the author of this post does not want to work for free. And I just made the point that spending hours (on whatever) is not the only way to measure contribution.

sharemywin 11y ago

If the accelerator is getting 6% for 25k than the company would be valued at 416k pre-money. If you should be getting 5k per month, I would want .25% per 1k I'm not being paid. So, if 4 mo's go by and your getting 2k/mo, I would think you should get .75(3k short per month)*4 mos = 3%. Make sure you get it in writing even if an email(better than nothing). Other than a down round you should always make out better money-wise with each round. And this should be equity not options.(BS opinion not legal advice.)

vonklaus 11y ago
Makes sense, I understand now, and that seems pretty reasonable. Thanks.
ramtatatam 11y ago
+1 for "have it in writing".

rmc 11y ago

> I really want a normal salary now, but they don't have the cash. That's fine. If they don't have the cash, then all they can offer is equity. > I don't know if 1% is a lot of equity It's not. Why do each of the founders get about fifty times more equity than you? Are they doing fifty times the amount of work? Are they taking on fifty times the amount of risk? etc.

ramtatatam 11y ago
Not being an expert in start-ups (although involved in three) I would say you do not measure contribution purely by amount of work. Idea, market research, amount of risk taken, amount of capital raised / invested... Unfortunately "bricks and mortars" work is somewhere at the end of the list - you can get somebody else to do the work, which does not apply to other points.
- sharemywin 11y ago
  Alot goes to supply and demand though too. And there aren't a lot of people willing to work for free full-time for long periods, except co-founders.
  - ramtatatam 11y ago
    Of course, the author of this post does not want to work for free. And I just made the point that spending hours (on whatever) is not the only way to measure contribution.