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Pre-tax 401(k) or after-tax...thoughts?
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Looking for referrals for Facebook (Meta) if anyone can help me out! I applied for the Associate General Counsel (Commercial) role and I’m coming from a publicly traded company where I have been Regional Counsel. I have 10 years experience in-house, 5+ doing commercial agreements. I’m really interested in this position, so if you’re willing to refer me please send me a message and we can work something out! Thank you!@
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There seems to be quite a few people in here looking to join a startup.
We're a mature aerospace impact startup (in Switzerland) pre launch for a new platform to engage and empower passangers in order to accelerate sustainability in aviation. Our product website is www.adaption.me and company website is www.optimaero .ai.
If you're interested in joining us, and you think you have skills that suit our business, you could drop me a speculative application by email at hello@OptimAero.ai.
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Dont create unnecessary expenses or new entities when you have not launched yet. Talk to biz lawyers yourself (biz counsel works well) to be informed and find template and run it them. When taking a start up off the ground, we believe in the idea and the people. The advisor trust you enough to invest his time in you and in return you pay him when you make money. So just ask him what service he can perform for you (e.g. attend 30 minutes monthly board meeting, find potential customers, attend client pitch calls etc) and how much he would like to get compensated in equity. If you start giving out equity just like this without even knowing what the person can add value you will not have much left to share with your potential employee, legal team, other potential partners etc. happy to chat over the phone.
I like it.yeah no equity for initial discussions. It should be staggered as well. .2% every quarter over 2 year max out at 1.5%
Coach
Are you intending to get venture funding down the road? You can issue membership units with features similar to stock options and they would convert as part of your conversion later. For advisors, I would put into place an advisor agmt with a 1 or 2 year term as your needs as a company will change over time. A good business lawyer can. assist. If they units are not "exercised" they should not be taxed at conversion .