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hangryhippoon How much equity should I get as the first employee?

Some details I missed out:

My current salary is way below market rate for this type of a job - market rate would be 6k+, I drew 3.3k for the last 5 months

hangryhippoon How much equity should I get as the first employee?

Yeah, I was told 5%+ is what senior execs get post series B~. Isn't that like claiming the nanny to be more important that the amniotic fluid lol

hangryhippoon How much equity should I get as the first employee?

Hi Matt, the product they developed over 1.5 years is a proof of concept and far from MvP. Further, they did not work on it full time over the last 1.5 years, they had their other jobs.

hangryhippoon How much equity should I get as the first employee?

I just want something proportional to my contributions. If I contribute 10% and receive 0.5, isn't it a shit deal even if it is in millions?

hangryhippoon How much equity should I get as the first employee?

Hello, my current salary is way below market rate for this type of a job - market rate would be 6k+, I drew 3.3k for the last 5 months

hangryhippoon How much equity should I get as the first employee?

My market salary would be 5-6k per month, and I am ready to take ~3.5, going for option B. Could I still ask for ~4% equity? The main argument I hear from the founders is that I am drawing a salary, so my equity will be limited to around 1%.

hangryhippoon How much equity should I get as the first employee?

I think they would want me to chip in some money, which I don't have (graduated last year) or work with no salary, which I also can't due to student loans and being a foreigner (rent)

hangryhippoon How much equity should I get as the first employee?

Thanks Streetcat1! What would you consider as derisking? I think the product is still at conceptual stage with most major functionaility not yet developed. Would that be considered derisked?

hangryhippoon How much equity should I get as the first employee?

Thanks! Technically I did get paid form my original company, but was working for the upcoming sister firm. I was assigned to do so during office hours and the startup has to pay back my original company my salary over the last few months

hangryhippoon How much equity should I get as the first employee?

As in I ask in the contract to grant me additional equity when we get funding/meet KPIs? Also, how does it affect the vesting schedule?

hangryhippoon How much equity should I get as the first employee?

Thanks! Is there any math I could apply to arrive at that number? Also, since there is so much development left to be done, could I be treated as a co-founder instead that takes salary?

hangryhippoon How much equity should I get as the first employee?

The product is still in very nascent stage and needs a ton of development. I know that I can ask for more, but I do not have a basis/ math to show how much is proportionate. And I couldn't find a hard and fast way of doing so.

As for asking equity at this point - this is a sister company I helped out with and it has only been incorporated and gained traction recently, hence I am formalizing things now.