I received a senior swe offer from a bay area startup with less than 7 employees for $160k / 0.3% equity. This seems really low equity to me for a company that does not have a real product or customers yet. I expected at least 1-2% equity given that I would be taking at least a 50% pay cut. Am I being unreasonable?
That's too low. 1-2% is reasonable for seed.
Agreed, I wouldn't take anything less than 1.5% especially at that salary.
Defense space?
This is really low! Is this a founding engineer role? Out of the 7 employees how many are Engineers. That’s a low offer
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How long do you think it will be until they are profitable? Even if they become a $500M company, that's like 1.6M in stock at 0.3%. And the risk attached to that is gigantic
They took a lot of seed money ($xm) so probably a while. That’s my problem. If you spend those 5-10 years at Apple, you have a much higher chance of that 1.6m...
Yup, exactly. I would say no unless you're incredibly passionate about what they're doing and already set up for retirement