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Picking winners is easy: oftentimes they're obvious. e.g. Uber, Slack. VCs have a much harder job: picking undervalued and not-yet-obvious winners. They need t
by SeoxyS 11y ago
Picking winners is easy: oftentimes they're obvious. e.g. Uber, Slack.
VCs have a much harder job: picking undervalued and not-yet-obvious winners. They need to find the winner first, before everyone else also realizes it's a winner
- marssaxman 11y agoThose examples weren't obvious when they were still small enough that employee equity compensation would have meant something.
- optimusclimb 11y agoYou're misinformed about how much equity employees have been getting then (be it in RSUs or ISOs).
- marssaxman 11y agoPerhaps I am and perhaps I'm not, but it's somewhat less than helpful to say so without providing information which might correct my apparently inaccurate understanding.
- optimusclimb 11y agoIf you joined Uber a year ago, it was pretty obvious they were a rocket ship, and you'd easily be set up to make 200-300k a year with bonuses and equity. Hardly chump change, and definitely more than joining the latest YC winter __ "we're 2 stanford MBAs hiring our first engineer to change the way the world does analytics", here's $130k and .0something percent equity to come join us.
- marssaxman 11y agoIs that real equity, or is it equity on the rolling-four-years-vesting plan? Because I've only ever seen the latter offered to anyone but the first couple of employees.