1-2% is silly. You can get ~0.7% by coming in at the end of a round A right before around B. Do you seriously think that being the first employee, especially with nontechnical founders, is only 2 to 3 times as much risk?
Personally, I'd ask for 5% and might be willing to take 4%. Otherwise, there are startups that will pay market salaries at 0.7% with way less personal risk involved.
Well, you and I aren't negotiating, but the fact that the valley is full of shoot-the-moon startups offering almost 1% for people to take market salaries is something else I don't like about the valley. It's a distortion.
I'm apparently saying the same thing the Mint founder said, for what it's worth.
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1-2% is silly. You can get ~0.7% by coming in at the end of a round A right before around B. Do you seriously think that being the first employee, especially with nontechnical founders, is only 2 to 3 times as much risk?
Personally, I'd ask for 5% and might be willing to take 4%. Otherwise, there are startups that will pay market salaries at 0.7% with way less personal risk involved.
Well, you and I aren't negotiating, but the fact that the valley is full of shoot-the-moon startups offering almost 1% for people to take market salaries is something else I don't like about the valley. It's a distortion.
I'm apparently saying the same thing the Mint founder said, for what it's worth.
Aaron Patzer knows how to code. And, he created the first version of the website himself.
I think it is a bit different here.