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by Udo 5408 days ago
This sounds very shady. Wage equals appreciation, and their ability to pay you correlates strongly with the company's viability. At least one of those factors is not what it should be (probably both).

> Should highlight the fact that after six months, they plan to pay my lost wages subject to the availability of capital.

Another very bad sign, they're already looking for an easy way out. Chances are in six months you're either stuck with the exact same level you started with ("there just isn't any money, we swear!") or they'll just can you. Don't do this to yourself.

I'm not categorically advising people to stay away from bootstrapped startups, it can be fun. But I think if you do something like this, you should have a personal stake in the company (i.e. be a co-founder). Because if this goes south, as the majority of them do, at least you have been working on something that you own as opposed to being a wage slave for a few months.

You also implied you would be the only developer there. If this is in any way a web company, this is another very bad sign. If so, you'll probably end up doing most of the work there yourself.

Sorry to sound so pessimistic, but this just doesn't sound right. If they don't have any money they should make ANY financial promises to you, period. It doesn't feel like they are being completely honest (or realistic) about the risk involved.

1 comments

I would be the first developer as an employee. The CTO is the main developer there.
So it comes down to the question whether you trust and whether you can afford this adventure. Trust in this case not only relates to their personal conduct but also their ability to realistically judge where this business is going. In any case, it's a bad deal for you if you depend on the income. But if you have time and money to spare for such an experiment, you might be better off working for no wage at all during that time and taking equity instead.