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I think it’s important to note that in many situations, money > equity. 90% of startups fail. If you have two options, one being getting payed your preferred
by mygo 8y ago
I think it’s important to note that in many situations, money > equity.
90% of startups fail.
If you have two options, one being getting payed your preferred rate, and another being taking a huge pay cut for equity.. experience tells me to take the money every time and you’ll have made the right choice 90% of the time.
For most people money on hand today is way more important than future money that may never even materialize. And if you’re not most people, there will be future opportunities to buy into the company one way or another if you want to be an investor. You don’t even need to invest in the company you work for, there might be better investments that your real money that you get from the job can afford.