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Curious what the co-founder does, is he the idea guy, or is he the dude that will start thinking about marketing and sales sometime after the product is done. I
by bugsy 15y ago
Curious what the co-founder does, is he the idea guy, or is he the dude that will start thinking about marketing and sales sometime after the product is done. Is he getting a salary from the primary investor or is your salary the only expense.
If your salary is the only expense, then you are investing $65k a year as well since you are working for half normal salary in order to design and build the entire product that is the basis of the company from scratch. Given this, I'd estimate your contribution as either 50% or 100% of the company value depending on whether or not you are getting this salary from the investor, aka founder man.
Not that you'll get this of course, unless you had previously chosen to go for 100% by simply developing it on your own after asking yourself what the other guys were contributing (not much).
But it's too late for all this, you've signed a contract, so you should follow through, be happy with it, and do a good job. Thinking you were screwed won't do anyone any good, but if a job appears that offers more than $65k, if it was me in your position I wouldn't feel all that bad about taking it.
- ootachi 15y ago"But it's too late for all this, you've signed a contract, so you should follow through, be happy with it, and do a good job." No. Per your contract, you are an at-will employee. You are free to quit at any time, and if you're a valuable employee that gives you a constant source of bargaining leverage.
- pbreit 15y ago$65k for a 22 year old is not "half normal salary". In many places in the US, that is full salary. And you are way overvaluing the contribution. Sure, building the whole system is a big part of the company but lots of people could do it. You are also undervaluing sales which for many companies is harder and more valuable than the technology.
- bugsy 15y agoHe is single handedly creating the product that is to be the source of their income from scratch. $65k is much less than half salary for this position.
- mgkimsal 15y agoBut he's also been given a % equity stake as well. You can argue it's not enough, but he's got a % stake in this which is far beyond what most people have where they're working.
- pbreit 15y agoBut that's not how it works. There are a lot of people who could do it. In fact, there are consultancies who could do it, probably better, for less than $65k.