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Sorry, let me clarify a bit. 1% if we stay on once the startup receives funding, and salary will be negotiated then. Otherwise, if we decide to leave once we re
by ebafb2 15y ago
Sorry, let me clarify a bit. 1% if we stay on once the startup receives funding, and salary will be negotiated then. Otherwise, if we decide to leave once we receive funding, we will get $20.00/hour for the work we had put in prior to funding.
- benologist 15y agoSo you're working for free, and if they get funding at all (a process that can take months) you get to choose between 1% equity or $20/hour. That's even worse...
- kls 15y agoRight free = 50% (or equal share if there is more than one partner) if not you can work on your own idea for free and keep 100%. To me this deal stinks, it also smells really bad by the fact that salary will be negotiated once they are funded when you have far less leverage to bargain with. Right now you have everything that they need yet they want to stack the deck totally in their favor. My personally experience with individuals like this is they will only get worse if they do get funding. I would run for that deal fast, it is so low and so one sided that you will never get a fair deal and if you do they will look to deprive you of it at any opportunity. They think that you (your role) are worthless. The offer is evident of this, they have the if we could just get some laborers to build this we will be rich mentality. They view you as a cog that is worth $20 an hour, their mentality will not change once they are funded.
- mjs00 15y agoYou should have the discussion about post-funding pay now, so you know if you want to sign up. But given what was offered, this conversation will probably go badly or not happen, which is probably a good sign for you and your programmer friend to get a paying job at market rates elsewhere.