Comment to 'How to build a best team'
  • Mark Purser said:   

    "Offering employee equity arrangements is fairly standard practice amongst startups, and provides a sound incentive for your employees to stay around for the long haul."  

    That's right.  Harmoney with Vision and Passion are HUGELY important, but talent needs to be paid somehow!  

    Offering a modest or even very small salary AND a percent ownership is the usual method to engage first hires.

    I personally don't take on this kind of work often, but here is an example: In a current project, I am working to help a tech startup get funded and create a Minimally Viable Product. I get a few hundred dollars a month, AND 10% ownership of the company (2% vested each quarter until my ownership reaches 10% - which keeps me around for at least 5 quarters :)

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