It&#x27;s interesting that they offer people to take 0.1% more equity for a 5k reduction in salary.<p><a href="https:&#x2F;&#x2F;github.com&#x2F;clef&#x2F;handbook&#x2F;blob&#x2F;master&#x2F;Employment%20Policies&#x2F;Salary%20and%20Equity%20Compensation.md" rel="nofollow">https:&#x2F;&#x2F;github.com&#x2F;clef&#x2F;handbook&#x2F;blob&#x2F;master&#x2F;Employment%20Po...</a><p>With a 6 year vesting schedule a new employee is &#x27;buying&#x27; 0.1% worth of shares for 30k in salary. A 30MM valuation, or 5X the 6MM cap on the convertible note.