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"Why would someone with those skills and qualifications go work for a startup building their entire product for 2% or less vs just building it for themselves an
by andrewfromx 2y ago
"Why would someone with those skills and qualifications go work for a startup building their entire product for 2% or less vs just building it for themselves and retaining 100% equity?" Oh boy, tried that many many times. Turns out 100% of 0 is < 0.25% of a billion.
BTW if anyone is going to apply to one of these remember that 2% max equity is NOT REALLY THE MAX. Ask for 10% and slowly work down and settle for 6%.
- ciguy 2y agoCertainly possible, but one of the core premises of YC is that it's easy for technical people to learn sales and marketing but the inverse is not true. So this whole trend seems weird and a bit hypocritical. I'm more curious whether it's working and if they are actually finding people that meet these insane qualifications for relatively meager salaries and equity.
- Terr_ 2y ago> remember that 2% max equity is NOT REALLY THE MAX. Ask for 10% and slowly work down and settle for 6%. At first I thought this was going to end with a caution about not being protected from stock dilution.