3 ms·
If you go by this, no one would bootstrap. By definition you give up salary for 100% equity. Dont sacrifice salary for not enough equity is a better rule.
by brianwawok 9y ago
If you go by this, no one would bootstrap. By definition you give up salary for 100% equity.
Dont sacrifice salary for not enough equity is a better rule.
- joshvm 9y agoArguably that falls into the last category. If you can work for nothing but equity, then somehow or other you don't need the money (right now).
- john_moscow 9y agoMaybe the key here is distinguishing equity from actual control. Non-controlling equity in a private company is like buying a bond with no maturity date, relying on the founders' good faith.
- morgante 9y agoYou probably shouldn't compromise much on salary, since plenty of startups are happy to pay market salaries. The trade-off for startups vs. big companies is really in whether you're getting liquid RSUs (with clear cash value) or private options (with more upside), not so much on the salary side—especially these days.