| ||Ask HN: Am I getting a fair deal?|
32 points by throwaway69 on Sept 3, 2011 | hide | past | web | favorite | 40 comments |
|I am being offered a developer position at a pre-funded startup and the salary being offered right now is 1/3rd of the market rate(based on my previous employment) for the first six months.
The next 6 months however I will be paid back the diff and also get my market salary, provided there is money.
I will be the first employee who's a developer. (The CTO is a fairly awesome coder, so its not like I am the first developer or building stuff from scratch.) However the development work wll be non-trivial.
The only thing which is bothering my is that there is NO EQUITY being offered. The reason being that the company is based in U.S.A while I will be working in its office at a foreign location.|
To be fair, It will be a new domain I will be working on, with really smart people on a really interesting problem.
So am I getting a bad deal or am I over thinking this? Badly need some advice.
Should highlight the fact that after six months, they plan to pay my lost wages subject to the availability of capital.
Market Rate: y
FIRST SIX MONTHS SALARY: x
NEXT SIX MONTHS SALARY: y+ (y-x) + z
AFTER ONE YEAR SALARY: y + z
z being equal to a measure of the risk I am taking
My opinion of the co founders is that they are really smart and honest people.
Just got a call from one of the co-founders. He has very kindly explained to me that the deal they have offered me is taking into consideration the fact that any equity I have will be enforceable in U.S. Their idea of this structure is a cash payout in lieu of an equity.
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