# Employed search

Searching on a firm's payroll, inside its thesis, for equity on close.

It is the third lane and the one nobody describes as a lane, because it looks like a job. The trade is specific: you take a salary and a diligence bench and give up the ownership a self-funded buyer keeps and most of the say in what gets bought, since the firm sets the box. Two things decide whether a given seat is worth it, and both are on the firm's own page: how much equity vests when a deal closes, and whether the firm has actually closed one with somebody in your seat before. A seat that ends with no deal ends with a salary and no company.

In numbers: One firm in this lane pays a monthly fee while you search and vests up to 20% of the equity in thirds, the last only on an exit at a 35% [IRR](https://searchspheresource.com/glossary/irr) or better.

Source: https://searchspheresource.com/glossary/employed-search
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

Site index for machines: https://searchspheresource.com/llms.txt