Monday, February 1, 2010

Working for Equity

In 1992 I was hired by a small (5 person) startup. Shortly after it went public in 1999, my equity in the company was worth more than all the salary I had earned there. Wow! Unfortunately, most of that equity disappeared in the dot com bust. But I did learn about dollar cost averaging and diversification.

In 2001 I joined another (10 person) startup company. After 8 years there, my equity stake was also greater than my years of salary.

So now I'm emboldened to forgo salary for a while and just work for equity at my own (1 person) company. Incorporation (e)paperwork was submitted today. I now have no salary. In this blog I'll share with you all my adventures in working for equity as I build a web site to make it easy to find all the live performances of your favorite bands.

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