3 ms·
Huge red flags: Have great ideas: indecisive and flaky Chance to be CTO: Yeah right. Become CTO now 2%....too risky and tiny payoff. Here's what I would d
by sauronlord 12y ago
Huge red flags:
Have great ideas: indecisive and flaky
Chance to be CTO: Yeah right. Become CTO now
2%....too risky and tiny payoff.
Here's what I would do:
149k/year
21 - 32% equity, with linear vesting over 4 years. 6 months and vesting starts until 3.5 years later
28k signing bonus
Don't be a sucker. They will both your worse nightmare.( two dads!)
There's no product, there's no revenue, no prototype. Sounds ridiculous.
They have a pitch deck. However ideas are cheap and some investors are dumb.
Make sure any shares are voting shares and look for the termination clauses and trigger events.
Don't sign any agreement without a lawyer explaining things to you.
Good luck
- mifreewil 12y agoI agree with this mostly other than the huge salary in relation to the amount of equity.