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Key thing is to ensure you understand the equity in terms of its percentage of company. Ie not just how many shares, but also how many shares are outstanding.
by fishcakes 14y ago
Key thing is to ensure you understand the equity in terms of its percentage of company. Ie not just how many shares, but also how many shares are outstanding. I have seem lots of very talented engineers make this mistake.
- launchplus 14y agoI just made this mistake last year when I joined a startup that offered me a below-market-rate salary + % shares to "cover" for the lowered salary. Sounded like a good deal as I was naive and this is my first time joining a startup and having to deal with all these equity thingy. Turns out after converting all preferred shares to common stock, there's virtually nothing much left.