geepeeyoudata

4 ms·

1. 1.▲
   by geepeeyoudata 2y ago

   >> No liquidity? He said the company went public… >> I know people don’t get the best deals on startup equity but something doesn’t add up here Many startups stay private for 7-10 years. Most go broke, shut down, or have face-sa
2. 2.▲
   by geepeeyoudata 2y ago

   >> So I'm not seeing what's wrong with this deal with the only caveat that the engineer has the experience not to overwork/burn out. The startup can go bankrupt any moment, thats a big deal. You get crappy perks, often
3. 3.▲
   by geepeeyoudata 2y ago

   >> What if they give 1-2% and good market rate salary (~200k/y) to a founding engineer? Is that still a bad deal? OR....you could just become a founding engineer by actually founding and keep 90% of the equity. You can get that s
4. 4.▲
   by geepeeyoudata 2y ago

   I worked at a Series A startup as an employee, and wont be doing that anymore. Early engineers have all the risk (lose job the second things go bad) but little upside. They would offer 500 options, or 1000 options, or 30,000 options -- but