42. Equity compensation at a pre-revenue bootstrapped startup with Jennie Buechner

Jennie Buechner is a Senior Software Engineer and the first hire at Metacast. We discussed leaving Amazon to join an early stage startup and how we thought about equity compensation when we can't afford to pay a salary yet. Chapters 02:04 - Jennie introduces herself 03:57 - ChatGPT introduces Jennie, Ilya and Arnab 07:29 - Explaining the number 42 10:38 - Leaving Amazon 20:46 - Joining Metacast 28:08 - Working for equity without a salary component 45:57 - Living off savings 49:29 - Jennie's role at Metacast Show notes: Metacast Ep. 17: From Teacher to a Software Engineer at Amazon: https://www.metacastpodcast.com/p/017-from-teacher-to-software-engineer-amazon The Good Enough Job: https://amzn.to/3Qo0GOS Joel Spolsky on Equity for Startups: https://gist.github.com/isaacsanders/1653078 Buffer’s Equity Formula: https://buffer.com/resources/buffer-open-equity-formula/ The Hitchhiker’s Guide to the Galaxy: https://amzn.to/3seGzuq Download the Metacast podcast app for free iOS: https://apps.apple.com/app/metacast/id6462012536 Android: https://play.google.com/store/apps/details?id=app.metacast.podcast.player Get in touch Contact us: [email protected] Ilya's LinkedIn Arnab's LinkedIn