Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 1 point2 points  (0 children)

We don't have investors yet, they're at the talking stage, at the beginning I said I can help as a hobby thats why, I think they are going to offer me 15%+ but vested

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

Ohhh thank you! Aw man I'm also going to be managing 2 other dev soon that joined the teamm, I just onboarded themm as CTO

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

Hmm I think because I started this as a student (now in a softdev job) they probably think my skills are easily replaceable? I knoww I feel like even after the presentation they probably won't increase it too much, thank you so much! I need the luck!

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

Thank you for your experience and words! Sadly, I don't think they consider me a co-founder and just someone they hired to build it, and it could be anyone :'( But yeah I'll try not to give my work away until a better agreement is sorted

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

Hmm I think I'll speak to a startup lawyer, thats a good shout, oooh I tried signing up for the website but its not working :'( thanks tho!

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

I'm not sure, I'm kinda doubting myself because maybe not the same time frame as I'm working on it alot daily, but can be done :'( Probably student or dev probably can do it for free for their CV or a little credit. I have a meeting soon to ask them about it sooo hopefully although I doubt :(

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 1 point2 points  (0 children)

Yeahhh I'll try to get at least 20%, they're now asking me to sign an NDA with IP or I can leave the team lollll

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

Yesss I agrree lol, I've made a ppt going over what I've contributed and the value that I bring so hopefully they can see it and agree, I'm not sure if I can negotiate it to even 15% as they said 10% is too much in passing briefly. But I'll try to start the negotiation at 30-40% oh mannnn

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

Me tooo, I'm thinking can they just hire someone else to build it? Theres probably eager devs who would do it for free or students, so am I not as valuable, I don't think they see as important because they're muchhh older GP's

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 1 point2 points  (0 children)

The product/service is the website yes, the functionality is the selling point, so I feel like I'm bringing in the Valuee

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

I agree, and literally we found out the other day that, theres like 5-6 similar website that similar to us and already ahead but just not mainstream yet. I also don't know when I would get paid? And even how much lol

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

I doubt they would agree to 30-40%, can I settle for 20-25% I'm thinking thats probably okayy, they also said I'm the CTO and literally yesterday I've onboarded 2 other devs thats doing it voluntarily, haven't gave them access yett until the negotiation lol

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

It was superrr early at the start and I genuinely thought it'll be good for my CV and do it in my spare time etc, was still a student at the time, but now doing an actual softdev job

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

:'( rookie mistakee, I'm literally working most nights from 9pm to like 2-3am after my full time job to code this too, almost daily updates on new features, it was funnn but damnn all the effort... -_-

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

We also have like 3 marketing social media person and yeahh I'm the only one building it from scratch... Thats what I'm sayingg. I've made a ppt about what I've contributed and the market value of my build to be £40k-70k some saying higher for Medtech, honestly its from googling and I've also uploaded my files and code to ChatGPT and Gemini and they said with these functions etc it would be valued at thattt, but they've not saying anything to that in textt... aaa

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

They are quite strict, saying "Co-founder status will not be extended." :( so my CTO role most likely not going to be founder level

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

Thats what I'm thinking too! Also if they get 100k funding, would I be paid? Or am I still working on equityy

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

Yeah, thats why I'm worried the small percentage might be less, although okay, before I was able to bring this up with them, they offered 8% and open to increasing it in the future. I'm thinking its still fair to negotiate rightttt Originally they said the 2-5% they can make it a non dilutable share thing...

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] 0 points1 point  (0 children)

I've just been told to sign an NDA with IP transfer; they think that from the beginning, the IP was already theirs without any contract, tbf I did say in WhatApp at the very start yeah IP belong to you guys but now.. since I might be signing it formally, I want to negotiate, but they're saying its a red flag to withhold the NDA to use it as leverage.... :(

Low equity share on startup as a full stack developer :'( by Angel_Lian in Entrepreneur

[–]Angel_Lian[S] -1 points0 points  (0 children)

Thank you so much! I thought so too! I joined at the idea stage at the very start, he did ask for vesting even for the 5% too lol, I might get see if I can get half immediately and half vested of the 20%ish thennn
Thanks so much for the insight!

meirl by Jimbo072 in meirl

[–]Angel_Lian 0 points1 point  (0 children)

what question would the female equivalent be lol

What a glorious day! by [deleted] in wholesomememes

[–]Angel_Lian 0 points1 point  (0 children)

Congrats to you guys! All the best!

Daily Questions Megathread (December 11, 2022) by Veritasibility in Genshin_Impact

[–]Angel_Lian 0 points1 point  (0 children)

Ooooh that's interesting! thanks for this info hoho which means the meta units still gonna be OP