3 ms·
If you are being paid market rate, there is no reason for you to know the % of equity offered until you bring the company to an important stage. But if you are
by jasonjei 16y ago
If you are being paid market rate, there is no reason for you to know the % of equity offered until you bring the company to an important stage. But if you are discounting your salary for equity, then it should be in writing.
- jasonjei 16y agoBelieve it or not, I have had applicants who have felt entitled not only to $85/hour (52 weeks x 40 hours equates this to 176,000 USD for this particular programmer whose only skill is Basic and C#), who was even asking for equity at this rate. This guy was talking about serious CEO pay even though he didn't even know our main language (Ruby) and would presumably require time to be acquainted with it. The bottom line is you need to account properly for the past, the present, and the future. We pay $75,000 or $45/hour (if contractor) for a programmer with 3-4 years of professional experience (add $10/hour to your rate if you are not salaried or there is no guarantee of continued work a la contractor. We talk equity later.