4 ms·
Overly cynical. The two times I worked for a startup more than 3 months I got paid out for my equity. 2 for 2. The problem is not equity, the problem is pick
by blazespin 11y ago
Overly cynical. The two times I worked for a startup more than 3 months I got paid out for my equity. 2 for 2.
The problem is not equity, the problem is picking the right startup.
Everyone I know that has got rich has done so via equity.
- TomBombadildoze 11y ago> Overly cynical. The two times I worked for a startup more than 3 months So how many have you actually worked for? "2 for 2 [out of the experiences I cherry-picked to rationalize my bias]" really doesn't support your claim that the author is overly cynical. > The problem is not equity, the problem is picking the right startup. If only we could predict the outcome of the lottery, we wouldn't even need startups.
- blazespin 11y agoIf you are thoughtful and careful and quit quickly at a startup that isn't going anywhere / lead by jerks you can usually pick the right startup. My point is that equity is great and it does everything it is supposed to do (align motivation / create a great team spirit / reward risk takers). The problem is people think that equity is magical and you don't have to worry about the people giving it to you. They are the weak link - not the equity itself.