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> if I were to put a price on my work for on $10/hour That's an absurd valuation and what he is willing to pay is irrelevant. Your time for this level and val

> if I were to put a price on my work for on $10/hour That's an absurd valuation and what he is willing to pay is irrelevant. Your time for this level and value of investment as a cofounder is worth more like $250/hr. Plus the fact you've been going without salary or compensation for 2 years gives this a risk multiplier. People routinely pay business consultants, legal experts, and other such professional help $300-$500 an hour outright. When the expert accepts equity in lieu of pay, the expected payout to account for risk is much higher. That's why angel investors might spend $10,000 on something and invest 100 hours, and end up with a $100 million return. So their time was worth $1 million per hour.

dasil003 7y ago
When you found a startup the value of your work is the value of what you create. Pinning some prevailing market value for high priced consultants or FAANG engineers in a sellers market is also absurd. At this point it’s hard to argue for any cash value, but he definitely earned some equity.
- mickeyM 7y ago
  Right, thanks!
mickeyM 7y ago
Thank you. I'm not sure that work is worth as much as you've suggested as dasil mentioned, but I understand your point - I was going with a lower value because I'm not sure whether Jim has the money/would be willing to pay me the real value
Symbiote 7y ago
The startup is in Europe, which could be anywhere from Switzerland to Moldova. $10/hr is reasonable for a normal full time developer job somewhere in between.
- droithomme 7y ago
  > "$10/hr is reasonable for a normal full time developer job" — Symbiote No. That is false. That is false and also a bald faced lie by a bald faced liar. No full time developer jobs anywhere in the world pay that. Not even China. In the West, McDonalds pays more, as does WalMart ($142,107 per year average for a Software Engineer). Most people acknowledge WalMart is a shitty company with shitty pay and sensible people can do better than the miserable $71/hr they offer for software engineers.
  - Symbiote 7y ago
    "A mid-career Software Developer with 5-9 years of experience earns an average total compensation of RUB 1,440,000 based on 49 salaries." (Russia) Assuming a 40 hour week, that's less than $11/hr. Belarus and Moldova are poorer countries, a figure for Moldova gives $7. There are junior developer positions advertised in the UK paying £24,000 a year. Expect a 35 or 37 hour week and 6 weeks holiday, but it's not that much higher...

dasil003 7y ago

When you found a startup the value of your work is the value of what you create. Pinning some prevailing market value for high priced consultants or FAANG engineers in a sellers market is also absurd. At this point it’s hard to argue for any cash value, but he definitely earned some equity.

mickeyM 7y ago
Right, thanks!

mickeyM 7y ago

Thank you. I'm not sure that work is worth as much as you've suggested as dasil mentioned, but I understand your point - I was going with a lower value because I'm not sure whether Jim has the money/would be willing to pay me the real value

Symbiote 7y ago

The startup is in Europe, which could be anywhere from Switzerland to Moldova. $10/hr is reasonable for a normal full time developer job somewhere in between.

droithomme 7y ago
> "$10/hr is reasonable for a normal full time developer job" — Symbiote No. That is false. That is false and also a bald faced lie by a bald faced liar. No full time developer jobs anywhere in the world pay that. Not even China. In the West, McDonalds pays more, as does WalMart ($142,107 per year average for a Software Engineer). Most people acknowledge WalMart is a shitty company with shitty pay and sensible people can do better than the miserable $71/hr they offer for software engineers.
- Symbiote 7y ago
  "A mid-career Software Developer with 5-9 years of experience earns an average total compensation of RUB 1,440,000 based on 49 salaries." (Russia) Assuming a 40 hour week, that's less than $11/hr. Belarus and Moldova are poorer countries, a figure for Moldova gives $7. There are junior developer positions advertised in the UK paying £24,000 a year. Expect a 35 or 37 hour week and 6 weeks holiday, but it's not that much higher...