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"You're also mistaken in saying that an early hire will get 1 percent tops. This number varies by 30-40x, " so the #1 and #2 employees are going to get 60% equ
by vaksel 16y ago
"You're also mistaken in saying that an early hire will get 1 percent tops. This number varies by 30-40x, "
so the #1 and #2 employees are going to get 60% equity combined?
Or was that x supposed to be a % sign?
- rdl 16y agoAlso none of my argument applies to a startup with one or more non technical non domain expert founders hiring a tech guy as employee number one. In that case he is a founder without the title and might get a founder level share. However I think those companies are generally born wearing the stink of death and nor worth consideration.
- mlinsey 16y ago"depending on where the company is and how early the hire is." In the case where a new hire gets 30%, presumably the company is early enough that they are basically joining as an additional co-founder. Certainly possible.
- mrshoe 16y agoOne company might choose to give an early hire 20%, possibly even making them a cofounder. Another company might give an early hire 0.5%. Hence the 40x variability in the amount of equity given to early hires.
- dustingetz 16y agoall equity isn't created equally -- .5% of google is worth vastly more than 20% of a brand new startup.
- deleted 16y ago[deleted]