1
In this market where every company out there tries to minimise costs, is there still room for salary negotiation for generalists that interview with non-FAANG? Do you have any industry insights or anecdotes to share?
[1] https://www.kalzumeus.com/2012/01/23/salary-negotiation/
I’ll soon be joining a small 1yo startup as the CTO and the CEO suggested the following equity arrangement:
- 3y vesting period, 3% per year - If I leave the company on the 4th year, the percentage will start reducing linearly until the 10th year, going down to a minimum of 5% (unless there is an exit event).
Keep in mind the following:
- We’re both first-timers in these roles (CEO / CTO). - He’s not coming from the business world. - We’ve known each other since forever and he’s not trying to screw me over; we are honest with each other on what we do or don’t know and this is definitely something we are not knowledgeable about. His reasoning is that the work between year 4 and 10 may be way more significant than the one we’ll do together in the next 3 years and that 9% is too generous to be given away in 3 years.
1. Is this pattern something you’ve heard before? If yes, how is this type of arrangement called? 2. Does it make sense? Any questions I should raise with him?
Thank you in advance.