How does equity even work?
December 30, 2011 8:34 AM Subscribe
How to bring up the question of getting my hands on some equity in the company I work for? I work at a small (>10 employees) engineering firm contributing greatly to the intellectual property in which we trade. I get paid decently (for which I am definitely grateful) but there's never been any discussion of earning any equity...
posted by anonymous to work & money (9 answers total) 1 user marked this as a favorite
The company isn't a start-up per se, as we've been around for 10 years or so, I've been involved for almost 2. But I feel like we're very start-up-ish. We consistently win contracts and produce and sell small quantities of high-tech gizmos, and we're getting close to having products that we should be able to sell in much higher quantities. My boss and the people we work with are always very demanding and eager for things to get working as they seem to all stand to get a lot of money if we're successful. I, however seem to have job security as my main motivator (again, I'm very glad to have this job at all.) I find myself having to work long hours on short notice and take up all sorts of strange responsibilities. I think if I had more of a stake, I'd be a lot less bitter, and a lot more willing to be flexible and take on extra responsibilities, etc. This part is easy for me to explain, but what would I be asking for? I'm pretty sure we're just privately owned, so there are no formal stocks that I've ever heard of... I have little to no insight into the finances and no idea how something like what I'm asking for would be implemented. Anyone have advice to offer? Throwaway email if you feel compelled to ask for details: firstname.lastname@example.org