So I’ve been working at a startup for the past year as a recent graduate. The startup is an Ecommerce business, we’ve made about $70,000 revenue in year one, and the founder aims to hit $1m+ of annual revenue in the next 3 - 4 years. I work directly with the founder and I’ve been getting paid about $1500 per month, which is just above minimum wage and is fairly low compared to what I could earn in other companies.After working in the startup for a year, I’ve been offered a number of higher pay jobs in other companies - although admittedly I’m not interested in the offers I’ve received - but the startup is offering me a pay raise to roughly $2000 and increasing my equity to 10%. This might seem like a decent offer, but I’m very conflicted.First of all, I’ve received a few offers from large firms paying the equivalent of $2300 and above, and these large firms also offer more benefits & training that I won’t get working for my startup. I also get to work with a wide range of people, which is an added bonus.Secondly, whilst I’m not greedy for money - I do have some bank loans I need to pay off. If I didn’t have any loans then I’d happily stay at the startup - but bills need to be paid and I’ve got about 9 months to reduce a big chunk of my debt otherwise I’ll be screwed over by interest payments.However, the founder has very vaguely promised me that if I could stay in the business and commit for 3-4 years, then once we hit the goal of $1m+ annual revenue, I could take over the helm of the business whilst he focuses on his next startup. Whilst I wish I could earn a higher salary, I appreciate being the first employee in the startup and I feel that receiving 10% equity in compensation for a lower salary isn’t a bad offer.But is it a fair offer? Is there anything that I’m missing? Am I just being naive?Disclaimer: I don’t work in the US, so I’ve had to convert prices from my local currency into USD. Don’t get too fixated on the salaried amount, it’s not that important. see hubwealthy.com/wealthy
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