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Contracting, as a Jr. Dev, at a small startup

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Contracting, as a Jr. Dev, at a small startup

#1
I'm still in my first six months as a developer and have just started working for a tiny startup where I am the only employee, and receive excellent mentoring and am leveling up. It's a short term, open-ended arrangement.

We have been trying to come up with a fair contract, given that there are limited cash assets,and that this is more or less an internship. My boss spends twenty minutes a day giving me code review and direction, which is valuable for me at this early stage in my career.

What is a fair rate? Do I charge less given the mentorship I receive? We work well together, and are both motivated to make this work.

We've worked out one benchmark per week, and are trying to figure out a contract. The company has limited cash resources.

Thanks for any guidance.