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My favorite was something that happened 2+ years ago. I had closed down my business, and was speaking with folks, including a well funded startup in Milpitas a
by hpcjoe 8y ago
My favorite was something that happened 2+ years ago. I had closed down my business, and was speaking with folks, including a well funded startup in Milpitas area. I was in the area for a different interview, and spent the evening before that interview with this startup.
I knew the CEO from a previous effort. After much discussion, I thought they had something interesting, though I was hard pressed to find real differentiators. I thought I could help, and the senior leadership of the company did as well. We talked over a number of projects.
Started negotiations, I was asked about what it would take to get me over. I gave them realistic sets of numbers and conditions.
CEO's response to me was priceless.
"But that's more than I make."
Um ... yeah. And this matters ... how?
I know, startups push the equity side hard, as they tend to be cash poor and stock rich.
He then suggested a number that was under half of my minimum acceptable (covering costs, maintaining something that looks like a quality of life). And not so much equity.
Yeah. Didn't go there. CEO was out within a few months.
- andrei_says_ 8y agoI like mentally replacing “stock” with “lottery tickets”.
- ZeWaren 8y agoMy company has no investors. The first years were a bit hard revenue wise. The first engineers were paid a lot more than myself and the other cofounders until we got proper traction. Never had any issue with that.