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Red flags (from personal experience): - "We will give you a big share of our (of-course-soon-to-be-facebook-or-google) company (15%+ in stock options) if you'l
by gesman 13y ago
Red flags (from personal experience):
- "We will give you a big share of our (of-course-soon-to-be-facebook-or-google) company (15%+ in stock options) if you'll agree to work for us for close-to-nothing".
- Senior officers starting leaving the company one by one.
- Senior officers giving small promises that have tendency not to materialize.
- Senior officers do not have any/good exit track record. Opposite would be a green flag.
- kika 13y agoI'm not getting #1. Essentially, they're offering you a "founder grade" share of the company. Why not?
- phillmv 13y agoDepends on your appetite for risk. It's just a sign that it's really risky, and the other founders obviously think the odds of it succeeding are low and are asking you to put in sweat equity, as it were.
- gesman 13y agoIf you jointly owns IP - that's fine. But if you're only an employee albeit a proud owner of large chunk of options, it's possible that real founders are just testing the market at your expense.
- kika 13y agoWith 15% you can have a seat in the board or at least some voting rights. Having that it would be more difficult to just dissolve the company without any real reason. But generally speaking you're right, thanks.
- gesman 13y agoSolid cubicle quite often is a better financial investment than a shaky board :)