4 ms·
Have they raised a seed? If not at least a few to several percent. If yes maybe 1-3 percent. Profitable? Product market fit? Will the stock fit the requiremen
by wikibob 5y ago
Have they raised a seed?
If not at least a few to several percent. If yes maybe 1-3 percent.
Profitable? Product market fit?
Will the stock fit the requirements for Qualified Small Business Stock? This makes a huge tax difference. Early-excercise and 83(b)? Market rate salary or under market? Note market has 50% increased for startups the past year.
- javert 5y agoThanks for the feedback. Can you quantify "a few to several" percent? Thanks for the questions... answers below. Raised a seed? Yes. Profitable? He hasn't asked yet, but it seems that it should be profitable soon. Product market fit? Good. Tax stuff? We don't know right now. Anyway, we just want a ballpark comparison to what early employees have gotten at other companies. Salary? Slightly under market rate.
- deusex_ 5y agoIf few and several come from Heroes III terminology, few would be 1-4, several would be 5-9.
- ben-gy 5y agoI don’t agree with this logic - I run a bootstrapped startup with 7 figure revenue and > 50% margin - we’re growing ~12% monthly - I have no intention of raising capital, but no way would it be appropriate for me to give away a few percent to a new employee just because i haven’t raised any money from investors