Is this offer for founding engineer position solid?
$165k base, 3% equity. Pre-seed, I'd be the first hire. I think it's a pretty solid offer, but it's hard to get comparative data for positions like this, so looking for outside opinions. For cost of living context, I live in NYC. YOE: 3. Not a lot for a founding engineer, I know. But it's a unique situation, and I feel confident about my ability to do the job well at this company in particular.
Good luck op, go for it!
First hire =20% or more
Lmao standard practice for startups is 10-20% for the entire employee equity pool.
How does it have money if itโs preseed
Rich founders
sole angel investor, which might be code for rich founders, not sure. I also might be misusing that term; might be more correct to say seed stage.
Excellent offer. Especially if the work is compelling and it helps you grow.
Definitely delivers on both those points! Thanks :)