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A comment on 70 First Co-Founder Dates. Parent comment

Re:70 First Co-Founder Dates by halfmatthalfcat on Monday January 03, 2022 @11:08AM (#29782191)
I got an offer from a startup as the first dev hire (CTO/Directorish) and got an absolutely laughable equity percentage. It was insultingly low. Promptly passed and thankfully broke into FAANG where I'm going to be making probably more than even if that startup had been successful with the equity split they were going to give me.
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Re:70 First Co-Founder Dates by pyb on Monday January 03, 2022 @12:56PM (#29783822)
Some shiftier startups have started to use the term "founding engineer" in their recruitment materials. I doesn't mean "cofounder" at all. Rather, it's a new, confusing term for "1st engineering hire" where you get hardly any equity and still most of the responsibility and workload associated with a cofounder role.
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Re:70 First Co-Founder Dates by abeaclark on Monday January 03, 2022 @01:10PM (#29784015)
Yes, agreed completely.

If you are looking to be a cofounder, "founding engineer" is far from it.

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Re:70 First Co-Founder Dates by abeaclark on Monday January 03, 2022 @11:15AM (#29782271)
Yes, cofounder and first dev is a huge difference in equity. Strange that it works this way, but it does.

Like 40% down to 2%

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