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Even to this day, employee no 1 will be offered stocks in the range of 0.5 - 1%. Calling BS on this has not yielded any great results. If not anything, there s
by deepGem 6y ago
Even to this day, employee no 1 will be offered stocks in the range of 0.5 - 1%.
Calling BS on this has not yielded any great results. If not anything, there should be some clause that benefits the first 2 or 3 employees with an outsized monetary outcome, if the company becomes immensely successful.
The above equity numbers probably make sense if founders have worked on the idea for a while, built some reasonable MVPs, done market validation, have found reasonable PMF and all that.
Bottom line, it's not worth being the first engineer purely from a monetary standpoint.