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Reply to "Husband wants to take a huge paycut to join a startup"
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[quote=Anonymous][quote=Anonymous] A 10% stake gives him zero control. You husband needs to make sure how he GETS OUT of the startup. If is his concern is about creating value for others, he's going right back into that. He needs to be very sure how his partners plan on getting out, otherwise he may find himself back in the same spot.[/quote] This. I turned down a much better situation than this (cut from $240K to $170K + 6% equity some with zero vesting cliff and I'm not even the primary BW and we can afford mortgage on DH's salary alone). Ultimately, I calculated out the expectation value, and while there was certainly a possible upside the most likely buyout outcome was similar to if I kept earning my current salary. You need to know a lot about how the shares are distributed and what the intention for future funding rounds is etc.[/quote]
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