got an offer to be the 20th employee or something in a startup as a senior engineer, and they offered me 0.01% of equity or something. I thought that was ridiculously low.
But 0.01% of one million is ten thousand, which doesn't sound that bad. One million also seems low for a successful company. The same offer would give you ten billion at apple.
Disclaimer: I am not good at math and I don't understand stocks, equity etc. So maybe I am completely wrong.
Ah damn, you see, that's how incapable I am with maths :D I just calculated one million * 0.01 and thought that'll be it. Thanks for correcting me, seems like 0.01 isn't that much after all.
Fortunately my job does not require math skills, so at least I am no danger to society :D
Well, it first seemed low to me as well.
But 0.01% of one million is ten thousand, which doesn't sound that bad. One million also seems low for a successful company. The same offer would give you ten billion at apple.
Disclaimer: I am not good at math and I don't understand stocks, equity etc. So maybe I am completely wrong.