[kabuks]

It's interesting that they offer people to take 0.1% more equity for a 5k reduction in salary.

https://github.com/clef/handbook/blob/master/Employment%20Po...

With a 6 year vesting schedule a new employee is 'buying' 0.1% worth of shares for 30k in salary. A 30MM valuation, or 5X the 6MM cap on the convertible note.