I’m considering becoming the first technical hire at a funded startup. The offer includes significant equity, but it comes with a typical one year cliff. While this cliff may make sense from the founder/investor point of view, I’ve actually been burned once now at another startup because of it.
In that situation, I also joined as the first technical hire and was let go just a few months later with no equity to keep. In meantime, I had put my life completely on hold for this startup and worked my ass off for those few months for almost no pay. I really don’t want to put myself at risk of being in that situation again, so I wonder if anyone has an idea for how to mitigate that risk?