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What do you mean by "new"? Do they have a MVP? Or just the idea and you need to code everything?
by sylvainkalache 13y ago
What do you mean by "new"? Do they have a MVP? Or just the idea and you need to code everything?
- _RPM 13y agoThey have a completed product ready for beta. My first task would be setting up the servers.
- sylvainkalache 13y agoThen it sounds like a really good deal to me, assuming you also get a financial compensation(even low).
- _RPM 13y agoThere would be no salary. The deal is only equity until it starts making money, then there will salary negotiations.
- sylvainkalache 13y agoWell then I would think about it twice. Depend how the company is promising, are the people you would working with smart and if you are excited about the project? 10% is a good number for a company that has a beta version and seed funding. Also do you have a cliff and progressively get your 10% or you get it right away?
- _RPM 13y agoThe seed funding paid for the development of the application. No one has a salary at the moment. I haven't seen the contract yet, but was told that my ownership of the company would become permanent after a period of time. To prevent me from taking ownership and leaving.