4 ms·
The people in the team you mention remind me of a mistake I made a few years ago. It taught me a very valuable lesson though: Don't even think of negotiating w
by daveungerer 19y ago
The people in the team you mention remind me of a mistake I made a few years ago. It taught me a very valuable lesson though: Don't even think of negotiating with someone unless you are prepared to walk away if no satisfactory outcome is reached. But all the effort put in before splitting up equity makes it virtually impossible to walk away. Talk about shooting yourself in the foot.
These people obviously desire to be part of this business so much that they don't care that they have no equity yet. Desire blinds.
Then again, my opinion is more than a little coloured by my personal experience.
- icky 19y ago> Don't even think of negotiating with someone unless you are prepared to walk away if no satisfactory outcome is reached. Words to live by! > But all the effort put in before splitting up equity makes it virtually impossible to walk away. Talk about shooting yourself in the foot. If you're going into any sort of business transaction, always do it with a watchful eye on sunk costs and opportunity costs.