It's interesting that they offer people to take 0.1% more equity for a 5k reduction in salary. https://github.com/clef/handbook/blob/master/Employment%20Polici

It's interesting that they offer people to take 0.1% more equity for a 5k reduction in salary. https://github.com/clef/handbook/blob/master/Employment%20Policies/Salary%20and%20Equity%20Compensation.md https://github.com/clef/handbook/blob/master/Employment%20Po... With a 6 year vesting schedule a new employee is 'buying' 0.1% worth of shares for 30k in salary. A 30MM valuation, or 5X the 6MM cap on the convertible note.