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> I think there's a whole lot of taking-advantage happening > in startup hiring... One warning sign of this is when the salary is below market rates. Foundi
by jt2190 13y ago
> I think there's a whole lot of taking-advantage happening
> in startup hiring...
One warning sign of this is when the salary is below market rates. Founding members take low salaries and lots of preferred equity (and lots of risk), while employees take a market salary and a few incentive stock options.
- mchusma 13y agoOne quick correction is that founders typically have common stock, not preferred.
- nerfhammer 13y agoThey get common stock but without a cliff or vesting period
- jenandre 13y agonot true if they are taking on money. any investor will require a vesting period over 4 yr w/ usually a 1 yr cliff (which resets every time you take money)
- tptacek 13y agoNo, founders vest. For the love of all that is holy, don't join a founding team with no vesting. Funding or no funding, vesting is non-optional. Get vesting worked out from the jump.