Re:Myths About Working as an Engineer at a Startup
by ulfw on Friday August 29, 2014 @06:49AM
(#8241942)
The founders usually put money in and don't get a salary. The early employees put nothing in, but get (a lower than market) salary. I am not saying the percentages are okay, but that's usually how it's rationalised.
Of course this doesn't apply to Silicon Valley bubble companies, where you might raise $1MM+ on day one, put zero money of your own in and pay yourself a salary as founder from Day one. Hard to argue then that you deserve a 30x equity differential from your first employees.
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