2cr/39 is like 5L H 
 How did they become millionaires?

Do you think everyone would get the equal amount?

Software Engineer

10 lakh ko millionaire bola hai. Can't get a decent car in that amount.

10L ko million bolne wale logo se dur rehna chahiye 😂 
  
 10L toh college ki fees hoti hai aajkal.

Product Manager

Have friends in EazyDiner. They staunchly deny the accuracy of this claim.

When a founder/ leadership says anything related to money or financials to the public it's probably fake or exaggerated.  Am guessing they are facing attrition or they want to attract better talent so this hook and bait.

Consultant

Procurement

how is it doing better than zomato or dineout?

Eazydiner has mostly premium restaurants not like Zomato also having 400₹ for 2 fast food joints as gold restaurants having 20% off.

Backend Engineer

Engineering Manager

Investor

Manufacturing

Senior Program Manager

Easiest short of my life if/when it lists.

Data Scientist

Product Designer

2cr is way fucking less than million Dollar. Anyways i know why founders do this, to get most visibility and free buzz for upcoming peak season, moral booster

Founder

He said," 40 cr total ESOP VALUE distributed in 39 employees, making each, on average, 1 Cr on paper" and they have only cashed out 5% of esop i.e 2 cr to distribute among them. And he believes it will be worth 80 cr by somehow then each worth 2cr ESOP. 
 And he means millionaire by calling crorepati.😪🥲 Hope it will clear most of your misunderstanding. Now,

Solution Architect

Though startups don’t offer these, but a profit sharing model could be a good solution. It aligns the incentives well in an ideal world: 
  
 1/ in general , esops incentivize that company maximizes valuation.  That means decisions at the top level are driven by this. The best outcome for VCs who have a portfolio, not really for employees .  
  
 2/ in profit sharing,  employees benefit via profit so they are likely to factor that into their decision making. Ask the excesses go away, and initiatives are taken towards making the company profitable.  
  
 3/ saves in ltcg and stcg when the esops are exercised. Afaik, no tax for profit options.  
  
 These are usually offered by private equity companies. If the goal of a business is not venture outcomes, maybe profit sharing would be a better model.

Tax will be 30% 
 In hand most of them would have 7 lacs. If you ask most of the bank employees in icici, hdfc, itna they get incentives every year.  
 It is 100% rupee millionaire.

Project Manager

Did they go public or someone bought it? Or ESOPS are given so far?

Welcome to Indian Startups's Private Community

Share with your founders and alway ask for equity.

Share with your founders and alway ask for equity.- Grapevine

How many of you had ESOP related promises by founders broken by them ? Could any of you appeal to their better senses and get any money or were you hung out to dry completely ??

ESOP related problems

Support Specialist

Welcome to Software Engineers's Private Community

Hi everyone, I joined a startup back in May which started in May itself. I wrote the first line of code and it has been the backend work since then and have hired a few interns along the way. 

I took some pay cut to join this startup and i didn't receive any share/ESOPs as well in my offer letter. but whenever i talk to my friends who have worked or are working in these types of companies, ask me to ask for the ESOPs/equity from my founder. 

I did talk about  equity/ESOPs before accepting my offer letter but that time, they said, you will be issued ESOPs later on when we raise some funding. We will make some ESOPs plan when we raise funding. 

I know that our company has only raised friends and family round of amount near to 1cr. 

Now I need advice on.. should i bring up this conversation again with the company's founder ? 
And how much percentage of equity should I be asking..? 

 given that I am giving my 101% daily and leading the backend team.. although i have industry experience of only 3 years but have good academic achievements and has completed graduation in computer science in tier-1 college.

How to ask for ESOPs when you are a founding engineer

How much equity should be asked in case you are hired as founding engineer?

How much equity should be asked in case of founding engineer?

How much equity should i ask in a seed funded company as one of the founding engineers?

what is the standard for doing the full tech stack and basically getting an MVP made

The founders have said 7% but that seems like a joke to us honestly considering they'll be seeking funding on our work

How much equity should I demand ?

How much does a core team member gets in equity in an early stage startup?

We are from trying to raise Funds for our startup, can anyone guide step by step.

Trying to raise funds for startup.

Looking for practical advice only. No high level gyaan please. Just how to build right, get a team in place, mitigate risks and ship fast kind of advice

What are the best startup blogs you’ve read?

Software Developer

I need to know what docs are required to confirm one's equity in a startup. I am first time founder so this is a complete black box for me.

Equity ownership confirmation

Welcome to Office Gossip's Private Community

I have come across early stage startups where the founders try to lowball you on the compensation by painting a very rosy picture of the future and a verbal commitment for offering generous ESOPs. Such commitments are almost never honored :) Have you experienced something similar?

Founders who promise equity to hire

Fast learning and fast paced growth aside, after 15 years of MNC experience  I joined a startup to get some ESOPs.. and hopefully a good buyback ..

I have worked in 2 startups now.Both of these were already  Unicorns when I joined .


While I love the culture and dynamic pace of a startup 
i feel my chances of getting a payout  are slim...

My personal learning is to get a good reward you have to be in top 10 employees for sure ... otherwise it's not worth it ..

There is no point joining a Unicorn in middle management...or second in command in any function...

Happy to hear your thoughts !

Share your ESOP buyback story..

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.

Technical Co Founder

Welcome to Personal Finance's Private Community

I got a offer where i will get the equity. Does people really make money when company get sold considering in my case if i get 1% equity.

Also how does it work? Suppose when we start valuation of the company is 1 cr so my part will be 1L. Now in the next round suppose the valuation is 10cr then does it increase my equity to 10L or it dilute my % of equity?

Suppose if the company is sold at 100cr, do i really get 1 cr? Kindly let me know how it works and really people make money or not if it get sold.

How does equity works for founding engineer?

Currently in talks with the CEO of a small international startup (less than 10 total members spread across 4 countries). My existing profile is an exact match for what they are looking for in a candidate (they are implementation partners of my existing company's software). 
I am pretty close to closing it but now he wishes to know my existing salary. I tried to avoid sharing it but he wants to know it before quoting anything to me. 
I wish to get a huge raise (80-100%) since i will be moving from a known brand to an unknown startup with all the skills they need and more from Day 1. 
Any tips on how I can handle this situation?

How to avoid disclosing current salary

I have an MVP version of a startup idea. No revenue yet. Someone is keen to angel invest. How does this work? Can someone answer these questions for me?

- If suppose Person X puts in 50L, how do I value my company and thereby equity? 
- How do I authorise and distribute shares?
- Someone mentioned I should do a SAFE - can someone explain how'd that work and would that be a better option than choosing a random number
- If I give 20% of company for 50L, how does that change if I raise a future round? Do I issue additional shares?

Anyone who has had experience here will help

Angel Investing - Help me understand

Management Consulting

I recently got an offer for a founding engineer role at a very early stage startup. The product is not out yet and the role is meant to be building the initial product to be sold to customers who have showed interest in it. The startup is in the payment ops space.

The comp offered is 15lpa and equity of 10lac or 0.5% whichever is higher. I have 3.5yrs of experience and left my job in October last year. I had an exponential growth in my package while moving companies and made 45lpa + ESOPS in my last job, starting with 4.5lpa as a fresher.

I know that I might not be able to get the same comp now given the scenarios in the software and tech industry. 

I wanted to know how to best analyse a comp package for a founding engineer role, particularly at this point in time?

Need help deciding comp for founding engineer role

So currently working on a very small scale start-up as a founding engineer (ik), recently got a contact of a seed investor who is also working as CFO in an unicorn, I wanted to reach out to him for seed investment but I'm pretty much unaware of what I should write to him, I'm more into technical side of the company. Should I talk business numbers and the scale at which we are operating and the sales? Or what exactly should I propose him?

Share with your founders and alway ask for equity.

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