New ask Hacker News story: Ask HN: Should I quit my startup journey for now?
Ask HN: Should I quit my startup journey for now?
3 by lkuebler | 7 comments on Hacker News.
One year ago I started as an intern at a start-up. Things evolved and we are now a team of two-founders and one developer (me). We are running out of money and so my bosses chose to not pay themselves and myself a salary. What can I do to get reimbursed for my work at the startup? Currently there's not much work for me but if the other two guys manage to close the ongoing funding round in approx. 3 months they want to hire me full-time. Can I demand equity from them in advance to assure my piece of the cake once the money has arrived? The answer they gave me to this was they would give me the shares once the round is closed. But this is only good for them, not for me. Right? I am very new to start-up things and really don't know how to act. Feel free to share your experiences with getting shares as one of the first employees in a start-up.
3 by lkuebler | 7 comments on Hacker News.
One year ago I started as an intern at a start-up. Things evolved and we are now a team of two-founders and one developer (me). We are running out of money and so my bosses chose to not pay themselves and myself a salary. What can I do to get reimbursed for my work at the startup? Currently there's not much work for me but if the other two guys manage to close the ongoing funding round in approx. 3 months they want to hire me full-time. Can I demand equity from them in advance to assure my piece of the cake once the money has arrived? The answer they gave me to this was they would give me the shares once the round is closed. But this is only good for them, not for me. Right? I am very new to start-up things and really don't know how to act. Feel free to share your experiences with getting shares as one of the first employees in a start-up.
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