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by amoore
5505 days ago
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1. No, it's not a good deal. You should get a salary from the first day and a reasonable vesting schedule that results in you actually having equity ownership. And, 1% isn't that great for a first employee, especially if they're deferring your compensation. IF they get funded, bully for them.
2. Yes, there are things you should know or ask. There are simply too many to list here, but for starters: How do they intend to pay you before they have funding or revenue? Are they cash flow positive now? Whatever they tell you, get it in writing. If it's not written down, then for all intents and purposes it didn't happen. |
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