Hi and thanks in advance. I've done some looking around to determine where to start with startup compensation. I work as a contractor exclusively for a startup currently in series b round, I've been with them since they were series A and around 10 employees. They currently have around 30 and are growing fast. My position as the primary designer for the products, along with the product's market in general, has me feeling optimistic about the growth of the company and accordingly I want to "tune out" all other noise by securing some sort of stake in this company.
My idea is to renegotiate my compensation, which currently is a fixed contractor fee and no employee benefits per se, to reflect an equity stake. Since they are a startup I'm happy to keep the wage below "perceived" market value, but add to my compensation package a guaranteed stake of some percentage of the total company equity. I would also ask for that stake to be increased if further rounds of funding occur, because of dilution.
My end goal here to secure a deal that will allow me operate as a bonafide stakeholder in the success of the company, rather than simply earning a wage (which there 10 million different ways of doing.) Being involved with a company at this stage is very exciting, particularly as I've witnessed growth and positive reactions to the contributions I have made in the area of product design.
I appreciate any suggestions. My starting idea is salary + N% non-voting equity, and I was wondering if the vesting variable is open to negotiation? Can it be retroactive to when I began working with them for example? (I know, that might be absurd.)
Thanks for the ideas on the board, everyone.