Comment Re:I love start ups but they're not for everyone (Score 2) 274
Also, if the company does well, you may get $20-$50K out of it. If the company does really well, you may get $100K. Don't even think about being in the next Google or Facebook, It. Will. Not. Happen. Even if you're in a superbly great company that's going to be making billions, you need to have an employee number less than 10 to become fabulously wealthy from it.
So what this means is, do NOT bypass the salary. Getting a decent salary can more than make up for the lack of equity. That equity may not pay for for 10 years, and all the while it's being diluted.
I would suggest that the word may in those first 2 sentences needs to be boldfaced. I was hired to work for a startup right at the end of their startup days as they got bought out by a Fortune 500 company. I still work for that Fortune 500 company. My co-workers who were there at the very beginning of the startup were given stock in the company and they were all convinced that that they were going to get a sweet paycheck out of it. They got, at most, $10000 (US dollars) out of the stock sale. Many didn't get that. Sure, that's better than nothing, but I got the impression that they were figuring $20000 would be the absolute low end of their stock sale and they were wrong. The people who founded the company all left as millionaires. The employees they hired, even those at the very beginning, didn't even get enough to pay for a new subcompact car.