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Unsure why you are being downvoted. Perhaps some founders and investors don't want this to be known...
by verst 6y ago
Unsure why you are being downvoted.
Perhaps some founders and investors don't want this to be known...
- jimbob45 6y agoI guess no one paid attention during The Social Network because they spelled it out clearly in that movie.
- gabereiser 6y agoHappened to me three times... upvoted to bring light to this as startup finances is tricky for most mortals. Dilution, premium vs standard, cliff, etc.
- busterarm 6y agoWhen I was negotiating my current job, I had a competing offer for around $100k more plus equity but it was essentially Engineer #1 after the technical co-founder. In my negotiations I inquired about said equity and the other founder was vague as hell around all of those important questions that early employees need to ask. The extra $100k wasn't worth it and I'm making the difference in real, liquid equity (and then some) from my current employer.
- gabereiser 6y agoThey know full well what they are doing or they are naive. It’s so important to know the terms before you commit. However, another ace is living in at at-will-to-work state so I can just quit once I realize I was bamboozled. I’ve done this. I’m not proud of it, but my time is mine. I have goals. Help me achieve my goals and I’m all yours to help you achieve yours. Sad to say but there are founders/CEO’s that know engineers are itching for an early-in to a “rocket ship” and will manipulate to get momentum. Don’t buy it. Do your due diligence. Research. Ask about the terms, the equity, the stock, current value? Dilution? Who’s invested? Who has what stake? Who’s on the board? Prove to me it’s a rocket ship... sales? When do you recognize revenue? How? Opportunity pipelines healthy? All of these things are proxy to an engineer yet all of these things effect the engineer joining the company as employee <50.