So I'm working on this freelance project for about an year and I've scaled it to 50k users and built almost everything from scratch wearing multiple hats i.e looking after product, infra and marketing and the founder initially asked me for a C level position but I denied because ik I have lot to learn and I'm not after titles atm. FF, now I'm planning to ask for an equity and be a full time at the company (as we discussed initially) but I denied that too because for that I had to leave my Full time job and I was not sure about that, at this point I'm pretty much confident that it's time to go all in. It also might be kinda stupid decision because I denied a 20 LPA job but if not now then when.
So help me how should I take things? So if I ask for an equity I wouldn't be allowed to draw salary or something? I have no clue about these things. It'd be real helpful if someone can shed some light.
PS: it's a pre seed startup but yeah not much money in bank.
You can decide your comp according to the work. salary plus equity or either of them. take more salary upfront, and ask them how much equity they can give. Negotiate a little on the terms but not too much. If you're confident about going all in, then go all in and don't think much about +-5% equity or salary changes.
Hey Everyone,
I'm Vaibhav Vardhan, Co-Founder & CEO at Inc42. We are India’s #1 startup media & intelligence platform that informs, educates and empowers startup leaders & operators through our incisive reporting and industry-leading ...
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