[LRUG] [JOBS] Ruby developer for new startup (Tom Blomfield)

[Stevie Graham]

My own personal view is if you want to pay someone in equity, then make
them a cofounder and give them a share of the company commensurate with
that. Otherwise be prepared to have very little luck in attracting quality
talent in this competitive market place.

S

On Tue, Jul 10, 2012 at 6:26 PM, Peter Nixey <petenixey at gmail.com> wrote:

> So just out of interest would anyone on this list take equity in lieu of
> salary? Or to rephrase, how would you convert the present-day-value of the
> equity into cash?
>
> I'm not pushing an agenda either way, just wondering. I've always assumed
> that people generally will require close-to their market salary but I'd be
> keen to know if that wasn't the case and if so when it wasn't.
>
> BTW FWIW although I'm a dyed in the wool startupper I have observed that
> part of the reason people can accept stock in lieu of salary in the states
> is that developer rates are about double there what they are here in the
> first place. $80k is considered solid entrance salary with solid companies
> paying upper tier devs $150-200k. On high income it's easier to take the
> hit.
>
> Thoughts?
>
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