3 ms·

What is this x% which will make the deal sweet?

• keefe 16y ago
  10%? The thing is like, you're talking a profit of like 114K on the stock options and you're going to be doing like, insane amounts of work. 100K is fairly typical, normal developer salary, right? Unless I misread the deal, I'd never do this, you could go for a 120K job and not be gambling on options at all and start having a good lifestyle right now or you could take a regular developer job and some contract on the weekends and probably work less hours in either case...
• mindcrime 16y ago
  It depends on your goals and on how big you believe the company will ultimately be, and how likely you think it is to succeed, among other things. Let's say your goal is to have "FU money." And let's say that, for you, "FU money" is, say, $4 million USD. If you believe the company will eventually be a $400 million dollar company, then 1% equity achieves your goal if the dream materializes as planned. If you only see the company as a $4 million company, then, well, the math doesn't really work out. And note that I'm intentionally generalizing here and ignoring taxes and other factors. I'm also talking about an outright stock grant, not an option scenario. Options aren't necessarily bad, but I'd think that as the first hire and - if I understand correctly - the person who will be responsible for building (all|most) of the initial product, you should be getting some equity outright.