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> in this era, you either want founder-level equity or market salaries. Why does this have to be either-or? Never understood that
by gedy 10y ago
> in this era, you either want founder-level equity or market salaries.
Why does this have to be either-or? Never understood that
- brianwawok 10y agoSo you want say 20% equity in a company and the same pay as you would make at Google? Not sure a lot of VCs would back that.. as they can find another founder to work for 95k and 20% equity. Your pay cut would fund 3 more engineers. If you really want lots of equity and lots of pay, you need to bootstrap and be patient and be a rockstar. I don't see other ways to get there.
- gedy 10y agoThe difference between 95K and say, 180K to live decently in SF is not that big, especially if equity has a good chance of being worthless.
- brianwawok 10y agoWhich is why startups shouldn't be in SF then. A startup in the Midwest can give you a good living for 95k which is approx market rate for a senior developer, and then equity is just icing.
- gaius 10y ago20% equity in a company and the same pay as you would make at Google? One or the other. But not 0.02% and half the pay...
- brianwawok 10y agoYea don't take that deal. I honestly feel bad for people taking that deal that think it's a good shot at getting rich. Not fetting rich in .2% of non Facebook