2 ms·
NYC, mobile developers, most jobs are in the 70-80k range with 1-3% equity. That is a low salary at a small amount of equity for someone with a relatively in-d
by zomgbbq 14y ago
NYC, mobile developers, most jobs are in the 70-80k range with 1-3% equity. That is a low salary at a small amount of equity for someone with a relatively in-demand skillset.
Please check my maths: in the best case scenario, if you get 3% equity and assume 33% dilution on that equity after an A-round and the company has a 10% chance of a medium 25MM exit, the EV is around $50k. If you assume the same developer could have made a $120k salary with no equity elsewhere that company would have to exit within 1.25yrs for it to be +EV which is probably not feasible.
Someone please check my maths as I am looking at exit values from a 2006 study: http://qph.cf.quoracdn.net/main-qimg-77bb58e10c69517534aaac13b36e00dd http://qph.cf.quoracdn.net/main-qimg-77bb58e10c69517534aaac1...