According to this I would count as the first employee as the company has existed for a year and is making money. Thereby ascribing 10% to me, their first layer of employees. However as this layer grows my value may gets diluted. Moreover it assumes that I am getting paid market wage. As part designer, part developer and part project manager - im not sure what that number is but lets say its at least what im getting paid now $70K per year.
Since I am not getting paid market wage I feel like it should be reasonable to ask for sufficient equity compensation. This is one of the main reasons join a startup right? Not the pay but the <em> potential <em> reward.
All this being said, its a young company the founders are my friends and I feel strongly that the company has potential and that I have a strong opportunity to grow.
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http://answers.onstartups.com/questions/6949/forming-a-new-s...
According to this I would count as the first employee as the company has existed for a year and is making money. Thereby ascribing 10% to me, their first layer of employees. However as this layer grows my value may gets diluted. Moreover it assumes that I am getting paid market wage. As part designer, part developer and part project manager - im not sure what that number is but lets say its at least what im getting paid now $70K per year.
Since I am not getting paid market wage I feel like it should be reasonable to ask for sufficient equity compensation. This is one of the main reasons join a startup right? Not the pay but the <em> potential <em> reward.
All this being said, its a young company the founders are my friends and I feel strongly that the company has potential and that I have a strong opportunity to grow.