“Our Cap table is frozen, so we cant give you equity bonus”. Context: I recently accepted a job offer which had no long term incentive (but good pay and cash bonus). Have you heard this before or been in such situation? Google searches for this are coming blank - are there any other terms for this? They mention that i am eligible for this bonus the day it is unfrozen - was i a sucker?

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Just my opinion. You got the job, with the potential for a bonus. That’s more than some people.

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Op needs to suffer in silence vs whine about his little frozen cap table

They may have given away a lot of the employee common pool already (or not had one outside of founders) and need board approval to get more, which is a hassle not worth taking for one employee. If the startup is late stage they can probably make the offer worth it with just cash but early stage you're taking on a lot of risk with capped upside so not worth it

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Sounds like you joined a bad startup that is struggling with the finances.

If they struggle with finances they would do the opposite - load you on equity and offer less Base and bonus.

likesmart

Was the bonus linked to specific metrics? If yes and you hit those outcomes, send them a lawyer’s letter

I don’t know your next best alternative in terms of employment or if the non equity is sufficient.

End of day what matters is if you are willing to walk. If this is a red line issue you could say as much. You could also demand additional cash bonus.

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