Ask HN: Good terms for first employee in pre-funding startup?
I've been asked to work for a startup as their first employee(1 of 2 is a technical founder).
They offered me 1% equity, that will be held in a trust, so I don't actually have any 'power'. As soon as they get funded, I will get a salary in accordance with the general market(they talked $3000 ballpark).
1. Is this a good deal?
2. Are there things I should know or ask?
They offered me 1% equity, that will be held in a trust, so I don't actually have any 'power'. As soon as they get funded, I will get a salary in accordance with the general market(they talked $3000 ballpark).
1. Is this a good deal? 2. Are there things I should know or ask?