3 ms·
> The company I co-founded made a few million and I learned an expensive lesson in equity at age 18 (I opted instead for the $14/hr salary). Don't feel bad; ev
by gpawl 10y ago
> The company I co-founded made a few million and I learned an expensive lesson in equity at age 18 (I opted instead for the $14/hr salary).
Don't feel bad; even if you got equity, your savvier business partner like would have found a way to devalue it. I once got "equity" in the form of 0.0001% of a 6-person non-VC-funded startup.
- austenallred 10y agoNah, I had an option to take 30% in lieu of salary. Was doing $3m/yr in profit. Equity isn't inherently evil.
- pricechild 10y agoSurely you were offered the 30% before the company was making £3m/yr in profit? I think that's the parent's point.
- austenallred 10y agoYes, isn't that the point of equity? I can do math