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?
I know many people that say they would never work for another startup. Expected to put in long hours in the hope it will pay off someday and in the majority of them, it never does.
Would you still take the job if the company folds in a few years and the equity is worth nothing? How much do you believe in the product and it’s ability to succeed?