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Thanks. It means a lot coming from somebody who is basically a hiring expert. It is just super weird valuing yourself. I know I am really good at communicating,

Thanks. It means a lot coming from somebody who is basically a hiring expert. It is just super weird valuing yourself. I know I am really good at communicating, thiunking about biz dev and sales and execution. However, I am ostensibly just a nobody and the founders (although they don't treat me poorly or anything) have much better credentials being Ivy league and technical, financial and business oriented. I also didn't add this, but the laptop is being given as a bonus. I told them they could subtract the $600 of pay from the accelerator/pitching from this past weekend and that I needed a new machine. I think a third is a bit much, but I don't think it is unreasonable to ask for a bit more and for a salary if/when it is possible for it to be paid. I just have a net worth of -6,000 right now. So, it is hard to bootstrap with limited upside. I want to help them raise a 1m round, get my salary retroactively paid, help them hire a few people to execute and then amicably depart. Thanks a lot for the insight.

sharemywin 11y ago
If you aren't being paid, and they haven't offered you any kind of equity, you are being taken advantage of.
- vonklaus 11y ago
  Offer was 2.5% with 1 year retroactive cliff (so dated 3 months ago) and a 4 year vesting schedule
  - rmc 11y ago
    That's peanuts for someone who's taking just as much risk, and working as hard as a "founder"
  - sharemywin 11y ago
    with no pay? That should be 5-10x that. They sound way to greedy with equity to find the kind of talent to create public company. And that's the only time equity pays for anybody but the founders. (BS opinion, not legal advice)
patio11 11y ago
However, I am ostensibly just a nobody and the founders (although they don't treat me poorly or anything) have much better credentials being Ivy league and technical, financial and business oriented. Did their Ivy league pedigree and technical, financial, and business orientation let them raise enough money to pay you a market salary? No? Then their pedigree is worth precisely what yours is. If you feel really strongly that you want to be an employee and not a co-founder, ask for a market salary and let them, as a courtesy, pay it with N% cash until they raise a round and (100-N)% on a promissory note due as soon as they raise > $50k worth of funding.
- vonklaus 11y ago
  > Did their Ivy league and technical, financial, and business orientation let them raise enough money to pay you a market salary? No? Then their pedigree is worth precisely what yours is. I wouldn't have thought about it this way, but when put like this it is hard not to. I need to think about it more, but this is a great point. Thanks for your time. Means a lot.

sharemywin 11y ago

If you aren't being paid, and they haven't offered you any kind of equity, you are being taken advantage of.

vonklaus 11y ago
Offer was 2.5% with 1 year retroactive cliff (so dated 3 months ago) and a 4 year vesting schedule
- rmc 11y ago
  That's peanuts for someone who's taking just as much risk, and working as hard as a "founder"
- sharemywin 11y ago
  with no pay? That should be 5-10x that. They sound way to greedy with equity to find the kind of talent to create public company. And that's the only time equity pays for anybody but the founders. (BS opinion, not legal advice)

patio11 11y ago

However, I am ostensibly just a nobody and the founders (although they don't treat me poorly or anything) have much better credentials being Ivy league and technical, financial and business oriented. Did their Ivy league pedigree and technical, financial, and business orientation let them raise enough money to pay you a market salary? No? Then their pedigree is worth precisely what yours is. If you feel really strongly that you want to be an employee and not a co-founder, ask for a market salary and let them, as a courtesy, pay it with N% cash until they raise a round and (100-N)% on a promissory note due as soon as they raise > $50k worth of funding.

vonklaus 11y ago
> Did their Ivy league and technical, financial, and business orientation let them raise enough money to pay you a market salary? No? Then their pedigree is worth precisely what yours is. I wouldn't have thought about it this way, but when put like this it is hard not to. I need to think about it more, but this is a great point. Thanks for your time. Means a lot.