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I actually value having a cofounder title a lot. I am not sure how big of an ask that is, but having the title and recommendations from both the other founders
by vonklaus 11y ago
I actually value having a cofounder title a lot. I am not sure how big of an ask that is, but having the title and recommendations from both the other founders would give me a better chance of raising for my own inc in 6 months, so I would shave some points off the equity for that. It probably doesn't make sense, but I have been thinking a lot about it
- rmc 11y agoIt's not a big ask. You are doing the work of a founder, you are taking on the risks of a founder, you are getting the salary of a founder (i.e. sweet eff all). You're either a founder, or they pay you market wages for market conditions, or they're screwing you.
- vonklaus 11y agoIm having this conversation in 5 minutes. This was very helpful.
- dwwoelfel 11y agoHow did it go?
- vonklaus 11y agoI am still negotiating. We are all in dif places. Currently I am hoping for: Until next round: 650 cash a week. 1500 allocation for new macbook. Deferred compensation: Basically a lump sum backpay of the difference of the 650(pay from above) and 1150(60k annual salary) multiplied by the amount of time they can't pay. This should be about 4 months. Somewhere into month 6 we would possibly die without funding or rev anyway. Then the equity offered was 2.5% 1 year cliff 4year vest. I asked for like 1.4% of the next raise instead. Capped at like 20k. Then we would renogotiate. For continued employment. Small things like ~100$ of software. Does this make sense?