That is always the case, you get a very generous part of the equity, which at that time is worth nothing, with the hope that in a number of years you can cash out and move from a dingy basement to a tropical island.
If they don’t offer a this very generous equity, run away immediately.
Aquihired means immediate vesting of all your equity and you can cash out in the short term (usually no later than 1 year, often immediately) sometimes with the condition that you stay employed for a certain amount of time if you are high enough.
I’d only be willing to put in long hours for little pay at a startup if they agreed to give me shares in the company when I left.
Yeah they talk about equity but were they offering it to this position?
Also, fuck that dude regardless.
I worked at a startup for a couple of years in the '90s. The equity was “we’ll take care of you”. Spoiler: they did not take care of me.
That’s literally not equity (which I think is your point).
That was literally my point.
That is always the case, you get a very generous part of the equity, which at that time is worth nothing, with the hope that in a number of years you can cash out and move from a dingy basement to a tropical island.
If they don’t offer a this very generous equity, run away immediately.
And then they either water down the equity you have or get aquihired or some other bullshit.
Aquihired means immediate vesting of all your equity and you can cash out in the short term (usually no later than 1 year, often immediately) sometimes with the condition that you stay employed for a certain amount of time if you are high enough.