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To be fair, it's actually like saying 1% equity converts to roughly $20k per year, since salary is annual.
by dorkitude 14y ago
To be fair, it's actually like saying 1% equity converts to roughly $20k per year, since salary is annual.
- ajross 14y agoBut one year is about the horizon time most of these startups are looking at. At that point either they'll get real funding and the salaries will get rescaled to market values or they'll fail. Either way they're looking at saving about $20k total in the immediate term.