Just out of curiosity: how many startups are willing to talk so openly about their finances to a candidate? I don't see how this is such a viable thing. How do you know the candidate isn't sent by the competition to sniff you out?
> Just out of curiosity: how many startups are willing to talk so openly about their finances to a candidate?
If you are gonna take a cash paycut in exchange for stock options you better damn well know this stuff. I think these questions are perfectly okay to ask.
You should also ask about preferred stock and when it converts to common stock. Since you are common stock, you won't get shit until the valuation of the company goes above whatever threshold is set for the preferred stock to convert.
If you're being offered a cash paycut for stock options, you might as well ask for the paycut in lottery tickets because you're too far diluted to make anything off of the options.
