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Er.. correct me if I'm wrong. Take Auctomatic for example, they are acquired for $5 million in cash, for the 3% Y Combinator's stake, it translate to a return
by iworkforthem 16y ago
Er.. correct me if I'm wrong.
Take Auctomatic for example, they are acquired for $5 million in cash, for the 3% Y Combinator's stake, it translate to a return of $150K in cash.
Assuming your startup survived the first 3 years, for a Software Engineer who is willingly to work for minimum wage, shouldn't the amount of equity for it to even make sense should be more than the normal 1% to 2% right?
- JoachimSchipper 16y agoMost people probably earn more than minimum wage, even at a startup. Still, as you and the article point out, doing the math is good.