Middle of the Year - where are YOU at ??

Jim Lusk said

I never worked for a startup, but they were around when I was in Silicon Valley (1980s). A company needs to compensate based on your education and experience. That can be salary alone or salary plus extras. In many cases a startup can only afford to give shares in the company. If you aren't getting your worth either way you need to be looking now. They are very unlikely to be generous later...Sounds like they really don't have enough startup capital...

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Yeah they kinda don't have enough capital, we've had a lot of delays and my boss tends to be overly optimistic with respect to time. I do have "virtual equity options" which is the best they can do for now, all our money currently just comes from investors and grants since we're still in the R&D phase and don't yet have an actual product to sell. I'm ok with holding out as long as it looks like we'll be successful at proving the technology but that's the part I'm becoming slightly less faithful about as time goes on. IF we make it I'll be rich but I have my doubts. I love the work and my boss (who is the owner) is an awesome guy but he's really limited in what he can do in terms of pay for employees. I don't want to leave until it's more certain things won't work out, I've been here basically since the beginning and with my knowledge and skill set my boss would be SOL if I quit. I know, not really my problem at the end of the day especially if I can't afford to survive but I really want to see this tech work out if I can help it. Talked to my dad about it (who is also an engineer) and he thinks it's better to hold out for a bit plus he's willing to help me out with expenses for the time being, as compensation I'm helping my parents move when they sell their house later this summer.