Have been working the past 5 months in a promising technology startup with the potential for incredible expansion. We are a team of 4 and at this stage none of us have been 'paid' -- we are in the process of writing grants, looking for sponsors, all while developing the platform. Founder/manager says we should be expecting to get a pay check around May or December of this year, depending on grants / memberships made by those times.
We have to sign a contract by the end of the month and they are asking if I am more interested in:
- salary (only partial for the moment) or
- equity and/or
- commission (my main role is to get partners/members/etc.) (which would decrease my equity / salary)
If I got a salary 'sooner' than the others it would be coming from the founder's savings (we're all relatively broke) so I feel weird about that. l understand that eventually once we are successful that we will get a salary.. should I hold off immediate compensation for now and request a higher equity? Should I get a commissions cap, or not and ask for a bigger salary / equity depending on the players I sign?
I have to propose my fees/percentage and sign a document with our accelerator by the end of the month and I don't know what the best deal would be. Any thoughts ?
Submitted February 19, 2017 at 12:32PM by vaascj http://ift.tt/2kBM9TT
