3 ms·
They. Theyve been working on it for a few months and have put some money into it. I know they want me on the team as they believe in me, and theyd be willing to
by gfenny 9y ago
They. Theyve been working on it for a few months and have put some money into it. I know they want me on the team as they believe in me, and theyd be willing to compensate me financially as soon as they can afford to
For reference, how much equity should I ask for in case of being first employee? Note, the idea is that id be in charge of sales, eventually into a COO position
- DoreenMichele 9y agoTheyve been working on it for a few months and have put some money into it. I know they want me on the team as they believe in me, and theyd be willing to compensate me financially as soon as they can afford to I would not take this deal. I would tell them "Either, I am a co-founder, and get risks and rewards like a co-founder, or I am an employee and I get paid like one. You can't have it both ways." They are working for free because they hope to get rich. They want you to work for free in hopes that, someday, you get a salary and they get rich. I would absolutely not be okay with that.
- cjbprime 9y agoGetting founder/investor equity vs employee equity is more important than how much you get. It is common during an exit for employee equity to be literally worthless. It has happened to me.