The company recently got $3M investment. I’m being offered $152k salary and 2% equity, vested over 4 years. Is this good?
My thinking is that 2% of $3M is about $60k, so I could treat that as an extra $15k per year. But if I look at the valuation based on that investment, it is probably worth 5x that, like an extra $75k per year. All in all it is over $200k compensation, which I’m grateful for, but it’s on par with a tech job at a big tech company. Are these reasonable assumptions, or am I missing something?
He already said its vested for 4 years. So he also could not sell it privately. I am not sure what you and that other guy meant with deluded. If you own 2%, you own 2%. He clearly said he owns 2% equity so any future investors wanting his 2% would have to buy him out.