Startups quite often pay less than the person might make working elsewhere and justify that with the promise of equity. The founder then tells the employees a story about the likely value of that oversells the chance that the equity is worth a lot.
Startups quite often pay less than the person might make working elsewhere and justify that with the promise of equity. The founder then tells the employees a story about the likely value of that oversells the chance that the equity is worth a lot.