[paborden]

No way, jose.

If he wants that much, he should quit for wall street. At the very least, he shouldn't be working for a startup at your stage.

Frankly, if a potential startup CEO shot out that number ... at this stage in your business ... I'd start seriously questioning his abilities and expertise. That's crazy talk.

70K, max, I'd say, but be generous with options.

The bigger question is: why are you still working for another company?

[noinput]

re: why working. I'm an engineer for a company which I truly love working for. Until there's money in the bank of my own business which should not go to dev dollars, legal, etc., I have no problem working hard to keep it in there. That's the first reason. Second, is my position at my current job lends an open opportunity to possibly use the tech I built with my personal startup. Can't disclose yet but it's a great fit and I've been showing it to key people at the day job. So far it's looking good. In any case, I have a family of 3 with a new baby on the way, and burning a bridge is not in my agenda.

re: 70K, we've been trying to come up with numbers that seem fair, thanks for your recommendation and thoughts paborden.

[bmelton]

Regarding licensing your tech to your existing company, do be very careful about that.

It's just as possible that the wrong person gets wind that one of their employees is trying to sell them code that might already belong to them and depending on your employment contracts, they may simply exert control over its ownership.

You should definitely speak to a lawyer about this, and possibly be willing to forego your current employer as your first sale.

[noinput]

Thanks for the tip. One thing we plan on doing with the round is getting all our legal in order, this is obviously something I'm not trying to abuse.