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Is your current pay average, or above average market rates?

How much did they actually raise? 1-4 million is a wide range for a 4 man operation. Even at 1M, I don't see why they would only offer 50%, specially if the founders are taking a regular salary.

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My current pay is probably 10-15% above average. Funding is more to the 2-4 range. My main concern is whether the equity is within the "average" for first developer on deck in a startup with VC money

At market salaries average for a lead engineer is 0.5% to 1% at the Series A point. Half-salary would demand more equity.

http://venturehacks.com/articles/option-pool-shuffle#market

thanks for the link. that table is 4 years old, is it still the average?

You're the first developer on board. Get more equity, 2% would be good if they are giving you half-salary. 1% would be good if they are willing to do full salary.

Walking away from lowball offers makes you worth more in the long run.

I would agree with this.

But I'm assuming you're a developer and the founders aren't and if they are trying to hire you, you have a certain set of skills they want.

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