Hello all, I am very new to the startup world, I joined this sub to learn more.
Currently I am doing my internship and I am getting paid well (a little more than average fresher pay). The company is ready to offer me a good amount too once I join them which is again more than average starting salary for a fresher. The startup is building an online platform which will heavily use data and ML along with some people doing the web development work. Following are some key pointers:
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Early stage startup, they are trying to build a team right now and I am the only data scientist in the company.
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CEO and CTO don’t know anything about AI/Datascience/ML, they just know what they want from me for the platform, and sometimes they have crazy ideas that they think AI will automatically do it for them.
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There are 1-2 other people working in the software development team
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I don’t know anything about how they get the funds. Based on all the conversations till now (It has been 2 months since I joined) I believe Govt/public bodies are major investors because of the kind of sector we work in. There could be private investors too.
Based on everything I mentioned above, Should I even join this company if yes then should I be asking equity, if yes then how do I decide the value?
You may not get extra pay, but please try to gauge the impact your skills are going to make to this business and use that to ask for equity