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> Also, while it is nice to think of your particular startup succeeding, it probably won't. And even if it "does" it will likely not be worth >$1b. And even if
by tedmiston 11y ago
> Also, while it is nice to think of your particular startup succeeding, it probably won't. And even if it "does" it will likely not be worth >$1b.
And even if it does succeed, and even if it does achieve a high valuation, you might not necessarily have a life-changing event.
I know it's buzzword-y to talk about liquidation preferences right now, but there are plenty of way investors and founders can benefit from an acquisition that don't trickle down to even early employees.
- gjmulhol 11y agoRule of thumb from someone who has been through it (not me): Employees 1-20: "never have to work again money" 20-200 (or so): "buy some nice stuff, live a great life, still have to work" >200: nice payday, buy a house, car, something, get back to work And this is at a, now public, company where the founder had and has tons of control so got good terms for employees.