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> one of the reasons I chose to work on Wall Street prior to joining a start-up was to fully grasp the financing terms of the companies for which I would later
by justinlardinois 10y ago
> one of the reasons I chose to work on Wall Street prior to joining a start-up was to fully grasp the financing terms of the companies for which I would later work.
And this is also the reason why I'm very wary about equity. I'd certainly want to work for a company that's going to do well financially, regardless of how I'm being compensated, but I have only a layman's understanding of business and finance. I'm simply not equipped to judge the financial health of a potential employer and how much its equity is really worth.
- zatkin 10y agoThen you should educate yourself. Take a class or two at your local community college or do some research online. It's extremely vital that you have a good understanding of the financial world we live in. Knowing a thing or two about some of the basics will help you in the long run, regardless of whether it's related to compensation or equity.
- justinlardinois 10y agoIs that really enough? When I accept equity as compensation, I'm essentially investing in the company I work for. People who invest for a living typically have more education on the subject than a handful of community college courses.