Equity offer in a startup trading firm
Got an offer from a newstartup for a quant position, unusual thing is that they give equity as a part of the offer. It's roughly 50% cash base and 50% equity, they also said that discretionary bonuses in the first years will primarily be paid in equity rather than cash.
The offer is good otherwise (total comp matches top firms but >50% of it is paper money with unclear value) and founders are reasonable (experienced from top market maker firm).
How should I think about it? I never thought about
Is it ever a good deal to have equity in a prop trading firm, compared to let's say, % profit sharing?
Looks like equity is very illiquid and I guess shares will grow in price slower compared to revenue. Am I wrong?