Episode 372: Equity and getting interrupted in Zoom meetings
Sep 4, 2023
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The podcast discusses challenges of startup equity and valuation, navigating conversations about equity with managers, and the frustration of being interrupted in remote meetings, including solutions like raising hands and using the chat feature in Zoom.
Establish an etiquette protocol for remote meetings to address frequent interruptions and ensure fair participation.
When asking for more equity in a company with reduced valuation, focus on long-term alignment and how increased grant can contribute to success.
Deep dives
Interrupting in Remote Meetings
This episode discusses the issue of frequent interruptions during remote meetings, especially for more junior members of the team. The speaker highlights the possibility that some topics raised may be irrelevant or of lower strategic importance for the audience. They suggest establishing an etiquette protocol for raising hands or using other features to indicate the desire to speak. Additionally, they mention the importance of considering different speech processing velocities and potential bias in interrupting more junior team members. The speaker encourages the question-asker to discuss their concerns with their manager and explore alternatives like using the chat feature or following up later for answers.
Bringing up the Equity Grant
The episode also touches on the question of whether it is reasonable to ask for significantly more equity in a company that has experienced a reduced valuation. The speaker advises positioning the request as a commitment to long-term compensation alignment and demonstrating how it can benefit both the question-asker and the company. They caution against focusing solely on the decreased value of equity and emphasize the need to show how the increased grant can contribute to the question-asker's commitment and ability to contribute to the company's success.
In this episode, Dave and Jamison answer these questions:
I joined a startup at the peak of the tech bubble which sadly means that my equity was based on the company’s valuation which was very over-valued. To corroborate this, the company has not grown much in terms of users or revenue. The company also had a layoff just like many startups.
As even public or unicorn tech companies are often devalued by 50-75%, I think it is reasonable to say that my equity grant is worth a lot less and I’m being underpaid.
Most likely, I will leave the company anyway for some other reasons, but I was curious whether it would be reasonable to ask for significantly more equity. From a pure financial point of view, if a company is valued 75% less then asking for 2x does not seem too unreasonable to me, but I can see that it can be seen as too calculative and the company may be unwilling to grant more equity to that extent. What do you think?
Assuming that asking for more equity grants is not unreasonable, I’m also curious how you would bring it up to your manager without looking to be too greedy.
I have been a software engineer at a large finance firm for around 2 years out of school. My team works in a hybrid model but most of my meetings are still remote.
At least once every couple weeks when I try to ask a question or otherwise participate on a group call or more rarely when I’m responding to a question about my own topic I get interrupted and completely cut off by more senior people on the call, such as my manager, product owner or architect. The other developers and technical people rarely interrupt each other.
Some other details: I try to wait for pauses before speaking, and have tried reiterating after the new topic changes again but often it’s just too late. I also tried ignoring the interruption and continuing to speak but I really don’t enjoy having to do this in order to be heard and it feels disrespectful.
I’ve noticed this also happens to other more junior members of the team, most of whom are much more reserved in meetings than I am. Another thing to mention is its not really a problem for me during in-person meetings.
Am I being a special snowflake to find this annoying and humiliating or is it just par for the course of being a more junior member of the team?
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