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The Stark Reality Facing Austin Startups Right Now
- sharemywin 10y agoTechs can do stats? You want the guy offer him 10%. 10% * 30m acquisition now it sounds alot better. 5% from each founder.
- arcanus 10y agoMany start-ups have 3 founders, and then it is just 3.3% from each founder. But honestly 10% is a great deal of equity. I think the big difference is between .3% and 1.x% offers. If a company is not willing to offer an employee a point before they have ten employees, they are signalling you are not critical.
- sharemywin 10y agoI'm assuming they don't really have a company(AI/big data company) with out him or someone like him. At that point 5% of 0 is 0.
- dudul 10y agoIs this limited to Austin? Don't you see the same phenomenon in other locations? As the author's buddy pointed out, people believe less and less in equity every day. I personally never take them into account. So yeah, it sucks, but startups have to get more creative to compete with big corpos with deep pockets.