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Ask HN: How long would you go unpaid on a startup?
Suppose you are working for a startup, how long would you go unpaid and give credit to the company? (With and without equity)
- whatthemick 12y agoWithout equity? Not a single day.
- ellysetaylor21 12y agoWell, it depends on idea. If the idea is good and will grow with the time I will ready to give one year.
- jay_ta 12y agoI hope for my sanity you're talking about the case of equity.
- ellysetaylor21 12y agoYeah .
- PaulHoule 12y agoIf it is MY company, a long time. If it is your company I need cash on the barrelhead.
- dkersten 12y agoAbsolutely this. My own company - as long as I believe I have a realistic chance of it working out then as long as I'm able to (ie as long as I can pay rent, etc). If its not my company, then not at all. Even with equity, since equity is worthless (until its not). I define "my company" as: I don't necessarily have to have had a part in coming up with the idea or have to have a fancy position like CEO/COO/CTO, but rather have physical ownership (equity; a minimum of 10%, anything less doesn't feel like really owning the company), my opinions matter (input) and the other founders recognise me as a founder and treat me as a founder (this includes being named as a founder on any documentation where doing so is relevant, eg, slide decks, angellist).