Need to figure out if offer is good

Apple / Eng
swag

Go to company page Apple Eng

PRE
Apple
swag
Dec 15, 2016 6 Comments

5% equity

Small hardware start up
-only concept models so I'd be making prototype to final product
-1 founder
-he has the connections for the manufacturers and investors
-he knows about half the tech. I'm doing the mechanical/product design side.

comments

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TOP 6 Comments
  • 5% is fine as long as they have decent traction already. Hard to tell from what you've posted.
    Dec 15, 2016 0
  • Adobe
    UserChange

    Go to company page Adobe

    UserChange
    Are they offering any salary in addition to 5% of nothing? In this scenario you should make a base that is higher than you would in a big company to compensate for risk. Ideas are cheap, if you are doing all the execution you should be paid for it, if the founder believes in his product he would rather pay you a huge base and tiny equity (like 5%), so if your base is huge this is a decent offer for them to make but you should counter still. If 5% is all you get I wouldn't even bother, just say no.
    Dec 16, 2016 0
  • Lyft
    skrilla

    Go to company page Lyft

    skrilla
    I would demand to be an equal-share co-founder. The technical term for what they have so far is "nothing"
    Dec 16, 2016 0
  • Apple / Eng
    swag

    Go to company page Apple Eng

    PRE
    Apple
    swag
    OP
    It is to be kickstarted eventually and so far one founder and one investor/manufacturing guy
    Dec 16, 2016 0
  • how big is the team?
    Dec 16, 2016 0