Comment by kstrauser
10 months ago
I routinely get emails like "we'd like to hire you as our CTO, and because we just got a bunch of VC money, we're prepared to offer you a generous comp package of up to $90,000 salary plus .05% equity! Must be onsite in San Francisco."
If they were aware of market rates, they could avoid making potential candidates laugh at them.
Founding engineer is the biggest ripoff in tech.
But... but... they already did the hard part of coming up with the idea! All you have to do is code it.
Literally the worst experience of my life. I don’t even mention it on my resume or LinkedIn or anything. I suppose it was a success and the product is still doing fine. I just never want to do that again unless it’s for myself.
Were you ever at Crittercism by chance?
2 replies →
> plus .05% equity!
"Dilution? What? Stop worrying about made-up words and let's go change the world!"
That actually made me shudder.