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I hate that "money" is nearly taboo to talk about.

I hate that "money" is nearly taboo to talk about. When considering a job, compensation is very important to me. Honestly, it is probably the #1 factor. Other factors matter a lot as well but they are usually only guesswork when at the interview/offer stage. Things like "office environment", "mission", how I get a long with my co-workers, etc all are important but what they tell me up front and what I imagine in my mind's eye might not turn out to be reality. But the money part, that is set. When they say $100,000/year, they pay it. Now we are talking start ups, so obviously equity is a different story. But you can still run the numbers and calculate what you will make depending on the size of the exit. I am not opposed to some risk for the reward (equity vs. salary) but if the reward is 10% of one year's salary if we sell for $100 million dollars, then why should that interest me? Sometimes they make those offers where you can choose more equity or more salary. Maybe I'm just insecure but it's as if taking the salary option says something about you and your commitment to the "mission" negatively. In the scenario I laid out above, I'd say it just meant you can perform simple arithmetic.

Posted by wuliwong on Dec 3, 2014, 12:00 AM

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I hate that "money" is nearly taboo to talk about.

wuliwongDec 3, 2014, 12:00 AM

I hate that "money" is nearly taboo to talk about. When considering a job, compensation is very important to me. Honestly, it is probably the #1 factor. Other factors matter a lot as well but they are usually only guesswork when at the interview/offer stage. Things like "office environment", "mission", how I get a long with my co-workers, etc all are important but what they tell me up front and what I imagine in my mind's eye might not turn out to be reality. But the money part, that is set. When they say $100,000/year, they pay it. Now we are talking start ups, so obviously equity is a different story. But you can still run the numbers and calculate what you will make depending on the size of the exit. I am not opposed to some risk for the reward (equity vs. salary) but if the reward is 10% of one year's salary if we sell for $100 million dollars, then why should that interest me? Sometimes they make those offers where you can choose more equity or more salary. Maybe I'm just insecure but it's as if taking the salary option says something about you and your commitment to the "mission" negatively. In the scenario I laid out above, I'd say it just meant you can perform simple arithmetic.

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