Working for a Web3 startup as a consultant, they want to convert me to W2 as VP Product. I’d be W2 employee 3 or 4. I was making $75/hr as a contractor working ~45hrs/wk. and they want to offer $125k and 2.5% equity vested over 2 years. Is that equity play reasonable for a startup, the change in pay, and the scope of work?

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I am not trying to be a jerk, but only you know the answer. I have seen a wide range of pay at startups.

It depends on what you value more.

Without knowing anything about the startup… generic facts are:

1) many start ups fail and the equity becomes worthless - “As of March 2021, only 80% of startups survived after one year. “

2) innovation (interesting work) happens in startups

Do you care about the title change? Would you really be doing different work ?

Are you enjoying the work ? Is the work/life balance good ?

How long has the startup been starting up ? More then a year ?

helpful

Helpful. Thank you!

What series is the startup at this point? Base seems way too low imo. The equity looks good but it’s paper money of course.

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You’ll have managers as direct reports I assume? I would ask for 200k base and aim for 180k at least. If they were just paying you ~150k then it’s clear they have the cash right now. As you raise money, I would expect big cash bonuses so definitely try to add language regarding this to the contract (I’ve seen bonuses as high as 150% of base salary). The title is great but since it’s such an early company it doesn’t mean as much as it could right now.

Do you have access to the financials and their growth

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