4 ms·

Well, if it were actually one of the smartest people in the world then they'd understand the true value of a 0.5% equity stake vesting over four years :-/

• joezydeco 11y ago
  Which is exactly why he asked for a large cash salary. =)
• aaronem 11y ago
  Well, I'm not very smart, and even I understand that the true value of 0.5% over four years is odds-on very likely to be zero...
  • potatolicious 11y ago
    > "0.5% over four years is odds-on very likely to be zero..." More importantly, that even if you beat the odds and the company is a smashing success, 0.5% over four years is likely worth less money than the cash/stock bonuses major tech companies are handing out anyways, especially accounting for liquidation preferences and ratchets. The big lie in startup equity isn't how unlikely they are to succeed, it's how little you would walk away with even if they do.
    • paulddraper 11y ago
      Exactly. An 80% chance of zero and 20% chance of millions is different than an 80% chance of zero and 20% chance of 70k. And a lot of people fail to identify the difference.