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I mean... someone has to be the first employee or first technical employee. Everyone can't be a founder. I'm ignoring the term "founding engineer" because I als
by solarmist 4y ago
I mean... someone has to be the first employee or first technical employee. Everyone can't be a founder. I'm ignoring the term "founding engineer" because I also find it a bit disingenuous, and I consider that just a terminology fad.
How do you decide how to balance that? YC/Silicon Valley has settled chiefly on near-market (~80%, it seems) rate salary and a much more significant stake (0.5-1.5%-ish, I guess) than later employees.
The other factors that play into it, in my mind, are:
* interested, but not ready to be a founder; by whatever definition they want to use
* less "feeling" of risk as a 1st employee vs. actual risk (this one CAN'T be discounted. emotions are not rational)
* wanting to have a much larger area of responsibility than they could at other companies
* firmly believing in the company/founders/mission for whatever reason
Those seem to be the things that come up in every discussion I remember. Let me know if I missed anything obvious.