hangryhippo

8 ms·

1. 1.▲
   by hangryhippo 7y ago

   Some details I missed out: My current salary is way below market rate for this type of a job - market rate would be 6k+, I drew 3.3k for the last 5 months
2. 2.▲
   by hangryhippo 7y ago

   Yeah, I was told 5%+ is what senior execs get post series B~. Isn't that like claiming the nanny to be more important that the amniotic fluid lol
3. 3.▲
   by hangryhippo 7y ago

   Hi Matt, the product they developed over 1.5 years is a proof of concept and far from MvP. Further, they did not work on it full time over the last 1.5 years, they had their other jobs.
4. 4.▲
   by hangryhippo 7y ago

   I just want something proportional to my contributions. If I contribute 10% and receive 0.5, isn't it a shit deal even if it is in millions?
5. 5.▲
   by hangryhippo 7y ago

   Hello, my current salary is way below market rate for this type of a job - market rate would be 6k+, I drew 3.3k for the last 5 months
6. 6.▲
   by hangryhippo 7y ago

   My market salary would be 5-6k per month, and I am ready to take ~3.5, going for option B. Could I still ask for ~4% equity? The main argument I hear from the founders is that I am drawing a salary, so my equity will be limited to around 1%
7. 7.▲
   by hangryhippo 7y ago

   I think they would want me to chip in some money, which I don't have (graduated last year) or work with no salary, which I also can't due to student loans and being a foreigner (rent)
8. 8.▲
   by hangryhippo 7y ago

   Thanks Streetcat1! What would you consider as derisking? I think the product is still at conceptual stage with most major functionaility not yet developed. Would that be considered derisked?
9. 9.▲
   by hangryhippo 7y ago

   Thanks! Technically I did get paid form my original company, but was working for the upcoming sister firm. I was assigned to do so during office hours and the startup has to pay back my original company my salary over the last few months
10. 10.▲
    by hangryhippo 7y ago

    As in I ask in the contract to grant me additional equity when we get funding/meet KPIs? Also, how does it affect the vesting schedule?
11. 11.▲
    by hangryhippo 7y ago

    Thanks! Is there any math I could apply to arrive at that number? Also, since there is so much development left to be done, could I be treated as a co-founder instead that takes salary?
12. 12.▲
    by hangryhippo 7y ago

    The product is still in very nascent stage and needs a ton of development. I know that I can ask for more, but I do not have a basis/ math to show how much is proportionate. And I couldn't find a hard and fast way of doing so. As
13. 13.▲
    How much equity should I get as the first employee?

    17 points by hangryhippo 7y ago|43 comments