Re:Ask HN: What's an underpaid hacker at an SF startup to do?
by charlesdm on Tuesday August 30, 2011 @06:02AM
(#2940779)
It's probably worth doing the math to see how much your equity would make you in certain exit scenarios.
Let's say you have XX shares or +- 1% equity. Take some exit scenarios, eg 50M, 200M, 500M; what do you believe the most likely outcome to be for your company? How much more funding do you believe will be needed before a potential exit (dilution)? Not every company will exit, consider this when comparing offers.
Now, my personal view. If you're making $90k then $150k-$200k is a pretty big step up. Is it basically similar work but in a different company or do you have to put in a lot more hours? What are you getting in terms of equity? (do the calculation again for the other company). I would usually prefer getting perhaps a bit less equity and a high base salary.
This is money you can later use to invest in your own company. :)
Let's say you have XX shares or +- 1% equity. Take some exit scenarios, eg 50M, 200M, 500M; what do you believe the most likely outcome to be for your company? How much more funding do you believe will be needed before a potential exit (dilution)? Not every company will exit, consider this when comparing offers.
Now, my personal view. If you're making $90k then $150k-$200k is a pretty big step up. Is it basically similar work but in a different company or do you have to put in a lot more hours? What are you getting in terms of equity? (do the calculation again for the other company). I would usually prefer getting perhaps a bit less equity and a high base salary.
This is money you can later use to invest in your own company. :)