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It sounds like the point of the equity isn't compensation - the point is to align the employees to the same goals as the VC.
by nhayden 12y ago
It sounds like the point of the equity isn't compensation - the point is to align the employees to the same goals as the VC.
- MalcolmDiggs 12y agoI would say that's exactly right. Unfortunately, it's almost always framed as compensation. Which I think is ridiculous...since you have such a low chance of getting value out of it at all.
- nhayden 12y agoThanks for your response, it's very helpful and answers this question I've never understood.
- sitkack 12y agoWhich if I wanted my values "aligned with the vc' I should be getting 2-5% as the first engineer. The VC puts in money, I put in life. I already went down this route and turned them down. If they are low balling you, roll on and start your own thing or consult.