3 ms·

Anecdotally I think some training on preseed/seed funding may be beneficial. I’ve met more than a few pre seed folks who are focused on equity retention. This

by lumost 4y ago

Anecdotally I think some training on preseed/seed funding may be beneficial. I’ve met more than a few pre seed folks who are focused on equity retention. This is all well and good for a few exceptional founders, and they are welcome to seek out a compatible match. However there should be an asterisk on when people are looking for a founding engineer or otherwise giving out marginal equity. I had a few such meetings which were educational- but ultimately non productive as it would not make financial sense for me to join a seed stage firm for less than a 50% stake. Of course the discussion is different for later stage firms. That being said the speed dating events were fantastic.

sdrinf 4y ago
"Founding engineers" are employees. The site is for finding cofounders. Using the site for hiring is strictly against the rules -strongly advise letting that know to people who are doing this and/or report them directly on the site. We really really don't want the site to degrade into another jobsearch tool.
snowmaker 4y ago
Yes, this is definitely something that was happening. We recently added a question to the profile about "equity expectations" to try to solve this. I'm hopeful that will help, because then you can just not match with people who don't align with your expectations; would love any feedback on this.
- lumost 4y ago
  > would love any feedback on this. It's a great feature, however I suspect that you may get too many "I'm flexible" entries relative to how flexible people actually are. In practice I'm probably flexible on equity expectations if a well known engineer/founder wanted to partner with me - or X MM had been secured for funding. While it might be too much information for a profile, allowing individuals to indicate equity preferences for specific company valuations in their match preferences might guide both parties to the right deal.

by lumost 4y ago

sdrinf 4y ago

"Founding engineers" are employees. The site is for finding cofounders. Using the site for hiring is strictly against the rules -strongly advise letting that know to people who are doing this and/or report them directly on the site. We really really don't want the site to degrade into another jobsearch tool.

snowmaker 4y ago

Yes, this is definitely something that was happening. We recently added a question to the profile about "equity expectations" to try to solve this. I'm hopeful that will help, because then you can just not match with people who don't align with your expectations; would love any feedback on this.

lumost 4y ago
> would love any feedback on this. It's a great feature, however I suspect that you may get too many "I'm flexible" entries relative to how flexible people actually are. In practice I'm probably flexible on equity expectations if a well known engineer/founder wanted to partner with me - or X MM had been secured for funding. While it might be too much information for a profile, allowing individuals to indicate equity preferences for specific company valuations in their match preferences might guide both parties to the right deal.