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> "Can I see the cap table?" - "Can I see the terms of the investors?" These questions should become so normalized that founders don’t bat an eye at it. If I
by hamburglar 3y ago
> "Can I see the cap table?" - "Can I see the terms of the investors?"
These questions should become so normalized that founders don’t bat an eye at it. If I am an early employee, we are partners. Wanting to know my percentage and the company’s liabilities before I sign is not unreasonable. I also want to hear you talk convincingly about your plans for future investment.
- avereveard 3y agoIf you dont pay to get the equity at market value you're most definitely a worker.
- hamburglar 3y agoYou’re just paying for your equity in a different currency.
- avereveard 3y agoyeah, but one that put you in a weaker position because work based equity is often after a cliff and most likely from the non preference pool and doesn't have clause for buy in during fundraising events
- hamburglar 3y agoYes, if you get yourself a bad deal, you get a bad deal. There isn't anything inherently weak about trading work for equity. Don't take a bad deal.
- Freeaqingme 3y agoEven when you ask that, make sure to ask for the "_fully diluted_ cap table". It may seem like a small detail, but if you get a cap table that's not fully diluted then what you see may differ a lot from what it ends up looking like once investors exercise their options.