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People you’re negotiating with want you to buy their line that their equity is worth something so they could pay you less. What would you get as eg employee #10
by 0xbear 9y ago
People you’re negotiating with want you to buy their line that their equity is worth something so they could pay you less. What would you get as eg employee #10? Half a percent or less. Most startups exit under $100M, and your 0.5% turns into 0.25% due to dilution. It’s also vested over 4 years. We’re talking $250k max over 4 years, with a 5% chance you’ll get anything at all. You’d have to be seriously arithmetically challenged to take that seriously.
- notyourday 9y agoPeople are arithmetically challenged. People also like to boast about doing good etc. Typically they realize how stupidly naive they were just around the time they no longer have ability to say "That's nice to know. So how much are you going to pay me?" The down votes on calling spade a spade demonstrate it quite well