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Oh QQ the Box and now Instacart employee made $350k before taxes. How is this a surprise to anyone? All you have to do is ask other employees of startup IPO's t
by free2rhyme214 11y ago
Oh QQ the Box and now Instacart employee made $350k before taxes. How is this a surprise to anyone? All you have to do is ask other employees of startup IPO's to see how much they made and the answer is obvious:
Founders and investors make MOST of the money. It has and always will be that way. If you want to change this dynamic, become a founder or a VC. It's pretty straightforward.
This nonsense about "getting screwed" as a startup employee is delusional ignorance.
If you work for someone else at a startup, of course you're not going to make as much as someone at a more established company.
I only know this because I have relatives who work for a public company that IPO'd that everyone uses to search for restaurants so this surprises me not one iota.
Last comment on employees who make millions from IPO's - how often does that occur? As often as Uber, Google, Facebook and the like are created. Which I'd say is once every 6-8 years. The odds are terribly stacked against you if you think you'll pick the right company in the beginning.
I mean I remember when Dropbox was super popular and then Uber just absolutely blew it out of the water. Who would've thought a taxi dispatch company would be the next Google/Facebook?
It's certainly not impossible to make money, but temper your expectations and don't believe everything your founders & investors tell you until you see the real numbers. The devil is in the details.
- x0x0 11y agoI'm having trouble understanding your post because you go from "How is this a surprise" to "I only know this because [I have inside knowledge from either yelp or opentable]".