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10% equity in what? The practice you start?
AP1: yes in the practice
So many factors to consider here... you should think about this as you would if you were an a VC investing time, money, and expertise.
Do some serious due diligence around the financial well-being of the entities that own the other 90% of the equity and how they’ve structured their cap table if they’ve had multiple rounds or chosen to take on debt.
That could be great or could mean very little. I’d consider what runway that gives the business, how big of a “bet” that is for them, etc.
Cautions aside, sounds like an amazing opportunity for you — so congrats!
Is the equity liquid? What's the vesting like? The valuation? Can you sell? Can you sell with no case studies, collateral, experienced teammates or brand recognition?
Assuming that the equity is not liquid, and tgat the boutique needs to IPO or be acquired for you to cash out, the risk and difficulty don't seem worth the reward.
Vesting: 4 years, there is opportunity to buy into another 10 percent.
They have deep long term connections to about 40 star aug clients. First couple of sales are possible sans case studies and accelerators. I will be on point to bring in other experienced teammates and build the brand. Yes they need to be acquired or ipo to cash out..
Can I come too? I'm AWS certified and been looking for a change like this.