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 did the start up thing as an early hire for a bay area based company that let me work remotely in NYC and would fly me out to Oakland every 6-8 weeks to work in person / eat burritos…
they were in an incubator and got some funding so I was their first hire…got them through seed round funding but when runway was starting to be counted we parted ways…having the experience of building something and seeing it get funding though changed my perspective on my abilities…i’m an introvert but was able to deliver shit that was well out of my comfort zone and since then it’s helped me land better / higher position jobs so it wasn’t all bad…kinda funny / small world shit because the VP of Eng at my company now was on the board of advisors for the incubator, and the prototype I built out that got funded was one of the more successful stories out of the early classes from that incubator
having the knowledge and going thru the process at least once of raising funds to turn an idea from nothing into a company was worth it though