Thinking of joining startup

New / Eng dsyk15
Dec 3, 2019 7 Comments

Background: Im a full stack react/node developer, 3+ YOE.

My current contract position in Los Angeles is ending in the next couple of months, current salary is at 130k.

Got an offer at an early stage startup
TC: 115K + 0.5% equity + benefits.

I actually really like the product the company is building. While looking for new opportunities I notice myself staying away from a lot of companies because im just not interested in what ill be building.

One of my long term goals is to one day start a business of my own.

About to start negotiations with them, Im not sure how much they can come up if any.

My biggest question is if its worth taking a paycut for the experience thats to be gained with such a young company?

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TOP 7 Comments
  • Amazon rowdyguy
    .05% equity? Did you add an extra zero? Definitely don't take that .
    Dec 3, 2019 3
    • Amazon rowdyguy
      At least enough to make up for the lower salary he would be taking. So in this scenario if they have an IPO in 5 years and they're worth 100 million, he gets 50k, meanwhile he's been earning 15k less every year
      Dec 3, 2019
    • New / Eng dsyk15
      OP
      Actually yeah I did, .5%
      Dec 3, 2019
  • New jam12
    Your math is wrong. Undiluted it would be worth $500k. Diluted more like $300k. Either way it isn’t work it compared to what he could make at fang. The only way this would be worth it is if you think the founding team and/or product are really good and you want to learn a startup first hand
    Dec 4, 2019 1
    • Amazon rowdyguy
      He fixed it from .05% to .5%. but agreed
      Dec 4, 2019
  • New bnNr76
    Generally don't take paycut. It usually sucks.
    Dec 3, 2019 0

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