217 karma · joined February 7, 2012
My comment was in response to the idea that Dave was secretly different than his outward appearance. I don't know him, I don't know the situation. But I think otherwise good people can do things they should apologize for and stop.
Without knowing details, there are at least indications in both McClure's and Sacca's pasts that they may (hopefully) be in the latter group.
And hopefully this will help both groups get smaller.
It seems this is what founders want too. If the goal is a big business and instability makes that less likely, I would optimize the equity split for effectiveness over fairness.
A better anchor (both closer to market and better for you) is to research the median salaries for that type of position in the area. Many job sites (I most recently used Glassdoor for this) give these numbers. It's not perfect, but it's a better starting point.
The actual words I would use are "Well, the median salary for [position] in [City] is $[dollars]. I'm looking for something that pays somewhere in that ballpark." If there are reasons you think you should be paid more than the median (you're very well qualified, the company tends to pay above median, etc), I would wait until after the offer is made, when you're in a stronger position.
It compares two companies of different eras with the same name, who ran into their doppelgängers because companies founded 15 years ago had telephone numbers and companies founded 6 years ago don't. I think it's gorgeous.
VC: "I am going to buy these goods at $1,000 today because I expect to be able to sell them for $1,100 in one year".
How they arrive at the $1,100 is based on the amount of risk there is and the return they could get on a zero-risk investment.
Seriously, finance seemed like mumbo jumbo to me to too before I learned about it. But it's actually pretty interesting. This is the calculation for present value.
Nit pick: a valuation is what a company is currently worth. That current worth us just based on anticipated future cash flows.
It sounds like a mashup of injection molding and lost wax casting (what they call "lost core molding").
$17k is what two engineering students might have made at a summer internship in Boston in 2005.
$120k is now what two entry-level engineers might make in six months in the Valley.