$80k for how many years of work? Unless it’s one, I’m with the parent. I’m sure it’s all legal and ‘equitable’ according to the terms, but that’s peanuts of a return for somewhere between 4 and 7 years of work (based off a typical vesting schedule).
It's peanuts, but it's also REALITY. Few people get big windfalls working for startups as employees or even founders, but maybe you get a little bonus on top of your salary if there's an exit.
None of his employees were there that long from what I can tell. The initial employees got laid off I think 4 years ago and were probably there 1-3 years (who knows if any bought out their equity). Current employees were there 1-3 years. Only two current engineers from what I can tell. It also depends on how much salary they were paid as many people will take cash over equity.
ryansouza|5 years ago
falcolas|5 years ago
howlgarnish|5 years ago
twox2|5 years ago
marcinzm|5 years ago
dbbk|5 years ago