need to work on the site speed for those lookups.
Explore Salaries and Equity at AngelList
61–66 of 66 posts
Re: Explore Salaries and Equity at AngelList
#62According to Glassdoor: Sr. Software Engineer at Google, on average (sample size of 189) make $145K on average with $63K bonus for $200K per annum. So for an average equity of 1.125% for developer (according to angel.co) and average salary of $93K, a startup has to make a non-diluted exit of 8.56 mil on the first year, 17.1 mil on the second year and 25.6 mil in the third year to justify the opportunity cost. Of cour…
That's not taking into account other important factors: * Work on a new potentially game-changing product as part of the founding team * Join a small team where you'lll have more say in the production direction and company growth * Opportunity to grow responsibilities as the company grows * Gain startup experience and expand your network * Potential huge upside you'll never get at $150K/year + $50K bonus balanced by…
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Re: Explore Salaries and Equity at AngelList
#63Earlier quoted context omitted.
You reminded me of the startup I did where we would offer people 1% of the company, and the candidates would say "that's only 2000 shares. This other company is offering me 50,000 shares." It can get depressing trying to hire people sometimes.
Sounds like you may need to revise your screening process... these people should not get this far.
We were hiring developers, not finance people.
Re: Explore Salaries and Equity at AngelList
#64Hey, this is Nivi from AngelList. Please let me know if you have any questions. And please keep the comments coming. We are iterating on it right now.
Could you add in sys admins and devops?
Re: Explore Salaries and Equity at AngelList
#65Earlier quoted context omitted.
In my opinion founders chug away for years with little or no pay because they love it. If someone think of it as a sacrifice towards achieving billions then they should be doing something else. You have to enjoy the process. Quantifying your sacrifices in "Fun" is harder than calculating your financial risks and I think equity should be based on that. Partying all the time is not a bad idea if you love it.
I think you can't use subjective measures like 'enjoyment' when doing this sort of calculation. I feel the best way to split equity is to make the standard salary "swappable" with equity. let me give an example: say 1 founder, 1 early employee. At the start, there is $100k in the bank that the founder put in (or otherwise managed to get). Founder has 100% equity, so each 1% equity is "worth" $1000; first year, lets s…
If you look from investment perspective, Programs like Y Combinator and other incubators take 6-10% of the equity for $20000 seed money and mentoring. Why can an early developer/designer can't ask for 6-10% for working for $20k-$50k less than their market value. They are literally investing $20k+ in your company and adding value by doing work.