3 ms·
And unless your equity starts vesting right away, you should be getting a salary. You don't want to work for 364 days, then get laid off and get absolutely not
by stretchwithme 15y ago
And unless your equity starts vesting right away, you should be getting a salary. You don't want to work for 364 days, then get laid off and get absolutely nothing for your efforts.
Not that people would do that, but if you make it possible, it could happen.
- grimlck 15y agoI would actually go even further, and say that unless your equity is comparable to that of the founders, you absolutely should not be working for free.
- pbreit 15y agoThe founders clearly do not consider this person a founder so I don't think founder equity is appropriate at all.
- anamax 15y agoThe founders opinion isn't decisive. Even if it's legal to make such an offer, no one is obligated to accept it.
- stretchwithme 15y agoIt all depends on your market value, how much the founders have done so far and how much cash they've invested, your responsibilities. Founders themselves don't necessarily have the same amount of equity. But, yeah, if you're getting half a percent of the shares and they each have 42%, you better have a decent salary.