This admittedly simple analysis pretty much sums up my rules of thumb for why I don't accept startup jobs post seeding rounds.
Along those lines, I just saw the first engineer at a startup make chump change compared to an absolute idiot who joined 3 months earlier and had 10x the equity and therefore got FY money out of the deal.
This game changes dramatically if instead of 0.5%, one gets 5%. Which is to say get there 3 months sooner or don't go at all.
Along those lines, I just saw the first engineer at a startup make chump change compared to an absolute idiot who joined 3 months earlier and had 10x the equity and therefore got FY money out of the deal.
This game changes dramatically if instead of 0.5%, one gets 5%. Which is to say get there 3 months sooner or don't go at all.
All IMO of course.