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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 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.

12mo ago
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