Ask HN: How much equity when joining a 1M revenue startup?

Posted by throwconsultant on Thursday October 31, 2019 @01:16AM
from the ask-hn dept.

I consulted for this company since inception and now they are doing 1M in revenue per year.

They are bringing me in as CTO for 1.5% + salary

Do you think this is a good deal?

Thanks.

( 3 comments | on HN )

Re:Ask HN: How much equity when joining a 1M revenue startup? by 1zero on Thursday October 31, 2019 @02:31AM (#21406206)

Do you feel it is not a good deal? Or do you think you should be negotiating for more? Maybe because you think that's what you should be doing or you believe they expect you to do so?

If the deal feels good and you feel great then why the second guess?

[ Parent | on HN ]

Re:Ask HN: How much equity when joining a 1M revenue startup? by gigatexal on Thursday October 31, 2019 @01:41AM (#21406041)

Did you ask about dilution and things like what happens to your shares if the company sells for 3x or .5x etc? There’s a number of things to know before hand but 1.5% seems nice to my uneducated eyes.

[ Parent | on HN ]

Re:Ask HN: How much equity when joining a 1M revenue startup? by chrisbennet on Thursday October 31, 2019 @07:00PM (#21414649)

This. Look up "dilution". The VC could have 2X or higher. At the end you could get none of those magic beans.

[ Parent | on HN ]