Start Up Contents Archive

How to get equity in startup?

I was hired around a year ago at a startup with two owners. My position is programming, something they hadn't had before. They were earning a shitton of money for very little work when I arrived, but since I hustled like crazy this past year, I managed to increase earnings around 50%. I have mutltiple times asked if they are open to allow people to invest, to scale etc, and I always get a straight "no" back. I have however not asked if I personally can get equity. How can I go about this to get some equity? Any ideas or experiences? ​ Thanks!

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Raising at the last min

Been working on a startup now for a couple years, sunk over $1.2m into it as it’s a hardware business and quite capital intensive. We racked up a lot of credit card debts, and for the last 6 months have been on the verge of bankruptcy every week, until some last miracle happened. This time we were out of miracles and was close to letting all the employees go, until a $1.7m angel investment came through at the last minute. This carry’s us through to being able to ship all the products we need and get to profitability. Hang in there guys, was really a test in persistence and not giving up.

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