3 ms·

2% of 4 million is 80k, or 20k/year for the four years of vesting. You need rock-solid faith that this company will grow quickly to a large multiple of its cur

2% of 4 million is 80k, or 20k/year for the four years of vesting. You need rock-solid faith that this company will grow quickly to a large multiple of its current (possibly quite inflated) valuation to even break even. I'd take it as a red flag that they're being stingy, those 2% is nothing when they can't pay a full market salary plus benefits from day one. They're not going to build a high growth company if they're being penny wise and pound foolish. If you really believe in the company, demand co-founder equity, 15-20%. If they're unwilling to part with that, how much do they really want the company to succeed, and how crucial is the software software engineer to that success?

walshemj 12y ago
For information BT's 5 year share save that matures in a month or so is returning 80k tax free. So employee no 1 who by definition is an experienced role your not paying much more than the minimum wage and in fact the London living wage (ie what cleaners are supposed to make) is about what your offering. I would pass on this role.
- walshemj 12y ago
  Out of interest why the down vote on explaining what a stable FSTE 100 company offers in terms of share options.
  - mseebach 12y ago
    First, don't sweat a single downvote. That happens. Second, while I can't speak for the downvoter (being the parent of your comment, I couldn't downvote you if I wanted to), your comment is jumbled, has poor grammar and is frankly borderline incomprehensible. Also, your reference to the BT share save program like an item of common knowledge is confusing - I had to Google to find out what it's about.
    - walshemj 12y ago
      This is a discussion about a UK based role so I assumed familiarity with how share options work - just as the others did when mentioning all the various UK's minimum wages. If you have poor English comprehension that's not really my problem - this isn't a flipping university essay its a short and to the point comment in a discussion forum.
      - mseebach 12y ago
        Uhm, you do get that I didn't downvote you, but tried to give an honest analysis of why someone might have? It's not exactly constructive to get defensive in response. And FWIW, you used the word "your" where you seem to have meant "they're" - twice. The sentence simply doesn't make sense as it stands, and yes that is your problem, university essay or not. I was able to comprehend it, because I made an effort to deduce what you meant, thus it was only borderline incomprehensible, but I do also think that we should aspire to a higher level of discourse.

walshemj 12y ago

For information BT's 5 year share save that matures in a month or so is returning 80k tax free. So employee no 1 who by definition is an experienced role your not paying much more than the minimum wage and in fact the London living wage (ie what cleaners are supposed to make) is about what your offering. I would pass on this role.

walshemj 12y ago
Out of interest why the down vote on explaining what a stable FSTE 100 company offers in terms of share options.
- mseebach 12y ago
  First, don't sweat a single downvote. That happens. Second, while I can't speak for the downvoter (being the parent of your comment, I couldn't downvote you if I wanted to), your comment is jumbled, has poor grammar and is frankly borderline incomprehensible. Also, your reference to the BT share save program like an item of common knowledge is confusing - I had to Google to find out what it's about.
  - walshemj 12y ago
    This is a discussion about a UK based role so I assumed familiarity with how share options work - just as the others did when mentioning all the various UK's minimum wages. If you have poor English comprehension that's not really my problem - this isn't a flipping university essay its a short and to the point comment in a discussion forum.
    - mseebach 12y ago
      Uhm, you do get that I didn't downvote you, but tried to give an honest analysis of why someone might have? It's not exactly constructive to get defensive in response. And FWIW, you used the word "your" where you seem to have meant "they're" - twice. The sentence simply doesn't make sense as it stands, and yes that is your problem, university essay or not. I was able to comprehend it, because I made an effort to deduce what you meant, thus it was only borderline incomprehensible, but I do also think that we should aspire to a higher level of discourse.