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Day 1 on the bench and I’m already going crazy!
Just put in my two weeks. Feels surreal.
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A mix between product/strategy/ops. Basically everything except engineering
You may want to look at how much the VC firm has, that will tell you how much they have left. Remember there will be dilution and a pool for future employees. 2% seems to be what Is offered in high end
If they raised 500k at 4M valuation then the VC likely has 12.5% unless there was some other special arrangement of VC time for more equity.
Getting paid a comparable salary? If so then ~3-5%. If taking a pay cut then 5-8%. If taking a massive pay cut then 8-12%. If no salary then 12-20%
Ask about:
- runway, future funding plan and exit plans
- hiring and expansion plans
- track record of founders
- vesting schedule for your equity