crazyquik
Distinguished Member
- Joined
- May 8, 2007
- Messages
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- Reaction score
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You are being bulldozed. And played for a fool.
OTOH, if you don't have any other job/any other options, I don't guess you have anything to lose.
I brought up equity into the equation: They say that it doesn't make any sense for them to give me equity straightaway (since I don't have the experience or the sales track record), but that they are willing to give me a chance to see what I can do.
If your equity grant only vests after meeting certain targets, then it doesn't cost them anything up front. At this point your salary costs them more than the equity; as it effects their cash burn rate, while their equity is worthless.
Repeat that to yourself a few times.
OTOH, if you don't have any other job/any other options, I don't guess you have anything to lose.
I brought up equity into the equation: They say that it doesn't make any sense for them to give me equity straightaway (since I don't have the experience or the sales track record), but that they are willing to give me a chance to see what I can do.
If your equity grant only vests after meeting certain targets, then it doesn't cost them anything up front. At this point your salary costs them more than the equity; as it effects their cash burn rate, while their equity is worthless.
They are willing to give it to you after a time period/trial run, but by the end of the year they will have VC funding and won't be able to give out anymore equityThey are willing to give equity after a certain time period, if I meet expectations (this is tough to set) and reach certain goals (also difficult to set). Besides, they will probably be backed by a VC by the end of the year and so getting any sort of equity after that would be tough.