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I thought I understood the basics of startup finance, but these seem fundamentally contradictory: - Competitive salary (we’re funded & generate significant reve
by kevinpet 16y ago
I thought I understood the basics of startup finance, but these seem fundamentally contradictory:
- Competitive salary (we’re funded & generate significant revenue)
- Stock options (… in a pre series A company)
Not the salary vs. stock options. I mean how can you both be funded and pre-series A?
- mrtron 16y agohttp://en.wikipedia.org/wiki/Series_A_round http://en.wikipedia.org/wiki/Series_A_round Angel funding. Many companies raise XXX,XXX this way, and it is considered pre series-A.
- agmiklas 16y agoCorrect, we've raised an angel round, but haven't yet done a series A. This allows us to offer a reasonable salary with a much larger ownership slice than would be possible with a post series A company. By the way, it's also becoming more common to see angel rounds with X,XXX,XXX as the amount raised.