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by halfmatthalfcat 1634 days ago
I got an offer from a startup as the first dev hire (CTO/Directorish) and got an absolutely laughable equity percentage. It was insultingly low. Promptly passed and thankfully broke into FAANG where I'm going to be making probably more than even if that startup had been successful with the equity split they were going to give me.
2 comments
pyb 1634 days ago
Some shiftier startups have started to use the term "founding engineer" in their recruitment materials. I doesn't mean "cofounder" at all. Rather, it's a new, confusing term for "1st engineering hire" where you get hardly any equity and still most of the responsibility and workload associated with a cofounder role.
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abeaclark 1634 days ago
Yes, agreed completely.

If you are looking to be a cofounder, "founding engineer" is far from it.

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abeaclark 1634 days ago
Yes, cofounder and first dev is a huge difference in equity. Strange that it works this way, but it does.

Like 40% down to 2%

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