PeppyPotato

Founders who promise equity to hire

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?

25mo ago

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9 min AI interview5 questions

SparklyNoodle

Stealth25mo

It depends on the founder's values. The founder's that I met were completely different. One treated me like a younger brother and tried to keep me around directly/indirectly even after my exit from that startup. One thing he always mentioned was, you were an early member and I don't want you to lose out on this opportunity of making money.

SleepyNugget

Amazon25mo

Two things I don’t understand:

Why would you not pickup esop of an early startup as a candidate? It’s the only chance at riches that exists.
Why would you not deliver the promised ESOPs to candidates? This is just trickery

SqueakyNugget

Navi Technologies25mo

On such rosy promises & lollipop of co-founder given at one time, I joined one such startup in 2016 and once I asked for it on written documentation, dillydallying started and at last I had to leave it without getting paid for 3 months.

DizzyWaffle

Stealth25mo

All depends on trust plus proper paperwork.

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Curated from across

Misc18mo

by MagicalQuokkaSoftware Developer

Grapevine Salaries is awesome!

The data nerd in me loves this feature very much! Pay transparency is very cool.

Although, I'm miffed to realise that Big Tech compensation is still top of the market.

Software Engineers17mo

by PrancingDumplingSoftware Engineer

How to ask for ESOPs when you are a founding engineer

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 an...

Indian Startups22mo

by ZestySushiYubi

ESOP related problems

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 ??