Questions candidates can ask about equity compensation
Alternatively, don't join startups for the equity.Even if you genuinely believe the person answering your questions genuinely believes the answers they are giving, there's perilously little evidence to suggest their answers will be binding or accurate.4 years from now, anticipate something to the effect of:
"I have altered the deal, pray I don't alter it further", this could come from the CEO, an investor or the acquirer. Anything more favorable should be considered a statistical miracle.Joining a near-IPO company is something I can't speak to, but have a more optimistic view of. Furthermore, joining a public company with liquid equity is something I can personally say is well worth it.Do not join startups for the equity.