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A cynical man would read your salary offer(for lead developer) - " As we haven't taken any outside funding, we can offer you meaningful equity with a competitiv
by minthd 12y ago
A cynical man would read your salary offer(for lead developer) - " As we haven't taken any outside funding, we can offer you meaningful equity with a competitive salary." as: not-so-good salary , with promises of getting rich on a startup that wasn't even able to convince investors.
- inourtime 12y agoIs that because you're reading "competitive" as competitive with other companies that haven't taken outside funding?
- minthd 12y agoBecause i'm reading competitive as standard market rates.
- inourtime 12y agoAnd standard market rates aren't good?
- chrisbennet 12y agoNo, I think "standard market rates" are what employers are paying their engineer who has been there for a few years (and whom they are currently paying below what he/she could get if they left for another job) or possibly what someone would pay for a "standard software engineer" who really needed a job. If you want to attract exceptional engineers then by gosh, you might just have to pay exceptional salaries. At the end of the day, it's a business relationship and an intelligent engineer is quite justified in capturing some of the value that he or she generates.
- morgante 12y agoHeh, interesting read. Maybe I should adjust. I meant to imply that our equity is sizable (because we're still early-stage) while our salary is still competitive with later-stage startups (our founder is self-funding off his last $545M exit).
- minthd 12y agoIf you add the last part about $545M, things would sure look different. :)