Would you join a role as an early employee in a company, by taking 50% pay cut in your current salary?
But why would someone take salary cut and that to 50%
Greedy. What else?.. dream of getting a big payout if the company makes it.
This would be a great net if you know the founder. Because he/shee needs people to milk the company with fake transactions. That is the dream role in any startup.
I would suggest to take increased ctc on paper with more value to ESOPs.
Company wont have to shell out money right away.
If company fails, you would still be able to tell the HR while giving interviews a good number.
Sounds fair. But not sure how much importance the next HR will put on ESOPs.
Best case scenario nevertheless
They only care about ctc number.
Biggest risk is layoff
Don't do.
How do you evaluate the risk and the potential of the offer from an early-stage (seed stage done) startup in India?
For example (hypothetical), a seasoned leader / founder is starting a new startup in fintech industry (e.g., next zerodh...
Hi everyone, this is my first post in Grapevine. I’ve received an offer to join a startup in the logistics field as a founding employee in the product team. Before I accept, I’d appreciate any advice on what to check regarding:
Looking forward to some nice stories from the community. Some positive, some not so positive - what made you take a pay cut?
I take a pay cut every year due to inflation. Involuntarily, of course.
How much ESOPs can I ask from an early stage startup (incubated). Valuation is around 12 cr. I have agreed to take a 50% paycut on my fixed, but not sure about ESOPs. Please advice.
