Hey Jow Forums. I interviewed for a job at a tech startup and they want to pay me in stock options and won't pay me cash until I'm there at least 3 months. Is this a scam? I know that some companies make it big and end up making their employees millionaires but also lots of them fail. What should i do?
Paid in Stock
Liam Bailey
Anthony Rivera
100% a scam, also i bet its vested over 5 years too. stay away or you will end up working for them for free
Lucas Harris
Need more details. How old is the company? What employee number would you be? What’s their fundraising status? How much equity are they offering and what’s the vesting schedule?
Andrew James
It's a small startup in nyc but they're working with really cutting edge technology that no one really uses yet. No more than like 20 employees. Few professionals there that have lots of experience and get the same compensation.
Anthony Allen
That answered one of my questions. How did you even get offered a job with such poor reading comprehension? Anyway with 20 employees if they've raised at 15 mil+ and aren't going to pay you for 3 months I'd expect at the very least .35-.5% equity vested over 3-4 years. If you're a dev I might expect .5-1%.
Robert Taylor
can't they just print themselves more shares and make your shares worthless while it's a private company?
anyway, OP if they have no money it's because VCs thought the idea was dumb and no one was willing to risk money on them.
Adam Howard
Why don't you just get knee pads and suck cock? And put the money you make from that into stock options?
Camden Morgan
Yes. Scam. They don’t have money or are going broke. Always get paid. If it was so good they could give options and pay you.
Connor Gomez
99% of these fail you’ll end up working for free
Oliver Wood
Don't do it. I did this for someone that had backers and worked for Disney Uber and a couple other places and never received anything. We even had a lead engineer from Amazon and another from FB that worked under him at Disney.
I revised my contract on signing so that I owned all the work that I did until compensation could be realized at a minimum USD value though so at least I have been able to show the work to other clients.