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If you expect equity to make up part of my pay, then knowing the financials is critical. You are basically asking me to be an investor with my time, so this se
by aaronblohowiak 16y ago
If you expect equity to make up part of my pay, then knowing the financials is critical. You are basically asking me to be an investor with my time, so this sentence doesn't make sense: "If sound basics like "we're profitable" isn't enough, that's a no-hire."
- Silhouette 16y agoIf we're in this kind of interview situation, where I am openly recruiting for a position and you are a job applicant, then it is very unlikely that I expect equity to be part of your pay. These days, equity is for founders (if you're serious) and prospective employees who didn't get the memo about the .com bust (if you're both fools). A fixed salary at a credible professional rate is for prospective employees you respect, possibly with some clearly defined bonus structure. YMMV, but I haven't seen any exceptions to this from either side of the table in a long time.
- abstractbill 16y agoThese days, equity is for founders (if you're serious) and prospective employees who didn't get the memo about the .com bust (if you're both fools). Of course it's an outlier, but do you really believe Facebook isn't going to make a lot of its early employees rich at some point?
- Silhouette 16y agoBut the point is that it is an outlier. Most people interviewing with a start-up aren't interviewing with the next Facebook. Even if they are, paying single-digit employees who are not founders in equity isn't nearly as common as it used to be IME.
- deleted 16y ago[deleted]