Re:I sold Baremetrics
by czbond on Tuesday November 10, 2020 @09:23AM
(#25046243)
Which is true, but so is my phrase of "If you want to go broke, found a startup". It cuts very deep on the south side often for founders - whereas employees do get a paycheck. Founders will go YEARS often with little to no income.
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I don't disagree however the paycheck for engineering employees is often a lot less than one could get from established companies. Every startup I've talked to sold equity as a large part of the total compensation and argued it makes up for the cash difference.
So you're being asked to give up $100-200k/year worth of salary by joining a startup which isn't trivial. For a tiny fraction of equity with multiple restrictions (10 year expiration, 90 day window to exercise on leaving, can't sell it, etc.).