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It seems to be accepted in London that when you join a startup, you take a paycut of 33%. Even if the startup doesn't offer any equity. All risk, no reward...
by timje1 13y ago
It seems to be accepted in London that when you join a startup, you take a paycut of 33%.
Even if the startup doesn't offer any equity. All risk, no reward...
- jackgavigan 13y agoYeah, one thing that startups in London need to get through their think skulls is that, if they can't match the salaries on offer in the City or the media/marketing/advertising companies in the West End, they need to offer equity stakes to early employees. I've actually felt embarrassed at some of the stories I've heard.