4 ms·
Is your current pay average, or above average market rates? How much did they actually raise? 1-4 million is a wide range for a 4 man operation. Even at 1M,
by maxdemarzi 15y ago
Is your current pay average, or above average market rates?
How much did they actually raise? 1-4 million is a wide range for a 4 man operation. Even at 1M, I don't see why they would only offer 50%, specially if the founders are taking a regular salary.
- cluelessdude 15y agoMy current pay is probably 10-15% above average. Funding is more to the 2-4 range. My main concern is whether the equity is within the "average" for first developer on deck in a startup with VC money
- maxdemarzi 15y agoAt market salaries average for a lead engineer is 0.5% to 1% at the Series A point. Half-salary would demand more equity. http://venturehacks.com/articles/option-pool-shuffle#market http://venturehacks.com/articles/option-pool-shuffle#market
- cluelessdude 15y agothanks for the link. that table is 4 years old, is it still the average?
- jcol 15y agoYou're the first developer on board. Get more equity, 2% would be good if they are giving you half-salary. 1% would be good if they are willing to do full salary. Walking away from lowball offers makes you worth more in the long run.
- knurdle 15y agoI would agree with this. But I'm assuming you're a developer and the founders aren't and if they are trying to hire you, you have a certain set of skills they want.