Looking for anecdotes of early-hire GCs taking an equity piece in a startup Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
- Posts: 266
- Joined: Fri Dec 06, 2013 1:20 am
Looking for anecdotes of early-hire GCs taking an equity piece in a startup
I've only heard of a couple of these myself, but I'd love to hear some other anecdotes. Do you know someone who joined a startup and took a decent piece of equity, e.g. 1-5%? I've heard you're more likely to get something like this if you come in as "GC + X", typically because larger equity pieces only go to earlier employees like the first few senior hires, and a standard GC usually comes later.
-
- Posts: 433
- Joined: Wed Sep 19, 2012 10:28 pm
Re: Looking for anecdotes of early-hire GCs taking an equity piece in a startup
I work with a lot of cap tables and a GC getting a full 1% of a company sounds pretty rich to me and unlikely. 0.5% of a small company would probably be good.
-
- Posts: 6
- Joined: Thu May 23, 2019 10:42 am
Re: Looking for anecdotes of early-hire GCs taking an equity piece in a startup
Glad you asked for anecdotes because I think this is super fact-dependent, but someone I worked with a few years ago moved to a startup as their first GC at 2-3% but gave up a lot in terms of baseline comp to get that.
-
- Posts: 266
- Joined: Fri Dec 06, 2013 1:20 am
Re: Looking for anecdotes of early-hire GCs taking an equity piece in a startup
Yeah agreed, it's all over the place but I do think a much smaller percentage for a GC is typically the norm, more like 1% or less as the other poster suggested. But I've heard of a few getting larger slices (and usually does come with a salary cut), so wanted to hear from others.pleapeddler wrote:Glad you asked for anecdotes because I think this is super fact-dependent, but someone I worked with a few years ago moved to a startup as their first GC at 2-3% but gave up a lot in terms of baseline comp to get that.
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login