New to Startup

teresaman's profile thumbnail
Congrats on finding the UX role! Are you unsure of continuing because it's equity only and not cash compensation? Or the fact that you don't think you're ready for the role?
cybelewu's profile thumbnail
It is more because it is equity. I am excited about the role and it is what I want to do... UX research in healthcare. I am unfamiliar with the structure of a startup using equity
teresaman's profile thumbnail
There's actually a timely opinion piece about startup equity here (https://every.to/napkin-math/you-probably-shouldn-t-work-at-a-startup-9387b632-345c-4a22-bac0-3cb92f0eecf1), but more tactically speaking, this is a good resource from Carta to understand what your equity could actually be worth: https://carta.com/blog/value-equity-offer-startup-equity-calculator/
cybelewu's profile thumbnail
Thank you so much for this. This is just what I needed. I had heard that working at a startup would give juniors like myself some really great experience. But, as an unemployed family caregiver with a dwindling bank account , it is hardly worth it.
teresaman's profile thumbnail
Exactly, it's not uncommon for very early stage startups to be compensating purely on equity, however as someone considering that offer like yourself, it requires a sound financial situation to be able to not have inbound cash for some time, and the ability to take the risk that the equity 1) could take many years to amount to something meaningful and 2) if at all.