Hey guys. I'm pretty new to the equity and vesting side of early-stage startups so I had a question.
So I may be joining a well-funded startup. The current team is 3 friends (non-technical) and accomplished founders in the last two decades but on the non-tech side. They are bringing funds and customers. 1 of them is whom I'll be closely working with including an offshore team. They have no products as of now and expect revenue Q4 next year.
They have offered me a full-time market salary of a senior dev (my expertise is both product and software 10-US-YOE). The equity part is as follows -
A vested equity offering of 2.5% of Acme Co. each year for your first 3 years of commitment to us (totaling 7.5%).
My question is if this is reasonable. I am not building MVPs like pre-seed startups, doing more of a CTO/PM job. Titles are a bit irrelevant to them and asked me to pick any title I want. There is a 3-month probation period where I will be working before signing up for full-time. Software is going to the forefront of the company, is this a good deal? Can I ask for equity down the road?
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