Key thing is to ensure you understand the equity in terms of its percentage of company. Ie not just how many shares, but also how many shares are outstanding. I have seem lots of very talented engineers make this mistake.
I just made this mistake last year when I joined a startup that offered me a below-market-rate salary + % shares to "cover" for the lowered salary.
Sounded like a good deal as I was naive and this is my first time joining a startup and having to deal with all these equity thingy. Turns out after converting all preferred shares to common stock, there's virtually nothing much left.
Sounded like a good deal as I was naive and this is my first time joining a startup and having to deal with all these equity thingy. Turns out after converting all preferred shares to common stock, there's virtually nothing much left.