For those of you who’ve had a choice: do you prioritize higher base cash or more equity when negotiating comp packages? I keep hearing “play the long game,” but liquidity starts to matter more once you’re in your 40s and 50s.

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You can always use cash to buy more equity if that’s what you want and there’s a lot of companies with stock that underperforms the market average.

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Cash money

funny

Depends a lot on you perceive the likely future success of the organization you are going to. And yes, as you get older you prefer cash. Most of my net worth has come from equity appreciation, but my risk profile is now changing.

smart

If over 50, cash. Definitely!

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More equity in my case …. But it’s a personal choice and depending on your cashflow needs

PS - below 50

I’m just waiting for somebody to say crypto/tokens….

Having worked at two PE owned firms, I would say it depends. First company worked out well, 3.4x return on equity over 5 years. But then forced lockup a good portion on the next deal. So if you need access to capital, it can be tough. At new firm that is also PE backed and I don’t see an exit that is going to return nearly as much. And timing and actual value are unknown.

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