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Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Ask Jay how to turn any business idea into reality: askjay@revision3.com, @jayadelson, or http://youtube.com/askjayadelson Read More
Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. Today he discusses what to look for in first employees, as well as how to weigh the value of salary vs stock.
Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. Today he discusses what to look for in first employees, as well as how to weigh the value of salary vs stock.
Jay's Chalkboard Notes About First Employees
- Need to be hungry/ambitious
- Need to be jack of all trades
- Offer stock options
- Pay a more competitive rate - or - give away more equity
- Create an option pool for new employees
- Offer lower salary & higher stock or vice versa
Deciding what those first employees' equity or salaries should be:
- Research your salaries (places like salary.com)
- Decide about salary vs equity
Have questions about launching a business that you want answered? Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.
About Ask Jay:
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips and answering questions. Submit questions to learn how to turn any business idea into reality and maybe even change the world.
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