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I really don't understand the thinking that %1 equity should have anything to do with salary especially after the company raised some money. That %1 is compensa
by andymoe 13y ago
I really don't understand the thinking that %1 equity should have anything to do with salary especially after the company raised some money. That %1 is compensation for the risk you took joining a company with a questionable future... pretty much every new business by the way - even one that raised three million bucks. The only way you should ever, ever earn less than market rate is if you are a founder with a founder level stake and control in the company. Call it 10% or more... and even then it's a bad idea not to pay founders after raising capital. People who are worried about their bills are less effective. So yeah, I agree with samt in this thread "Either double down and ask for a shit-ton more equity, or quit and find a better job. Life is too short."
edit: You are not getting screwed by offshore talent you have already been screwed by the founder :)