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At a fair market value -- except if it was an early stage startup it was discounted from market value, with subpar benefits, but with a "tonne" of (now worthles
by pdpi 10y ago
At a fair market value -- except if it was an early stage startup it was discounted from market value, with subpar benefits, but with a "tonne" of (now worthless) equity.
It is in many ways personally more rewarding, but taking a job in a startup versus a well-established business is taking a risk, accepting subpar conditions today for a shot at a big prize later on.
- proee 10y agoThe company has been around for 10 years, with hundreds of millions in funding through multiple rounds, so I would not consider this a "startup". The employees were/are highly paid and not assuming any real risk.