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I'd be willing to bet that if the founder of Slack wanted/needed to he could take quite a bit of money off the table. Come series B/C/D+ usually founders can ta
by austenallred 10y ago
I'd be willing to bet that if the founder of Slack wanted/needed to he could take quite a bit of money off the table. Come series B/C/D+ usually founders can take a bit off the table. Stewart can probably do whatever he wants (though he made enough form Flickr he doesn't need to).
As for me, I have not very much in savings, but I would take 30% ownership of Slack over 30% ownership of 37Signals/Basecamp in a _second_, and not even just from a long-term perspective. I'd bet with a 30% stake in Slack you could put a couple million away to hedge downside risk, then have tons and tons of upside available.
I think HN could do a much better job at understanding the practicalities of equity and what it really looks like if you're a founder. You're not just handed a bunch of paper and told to work and dream for 10 years, generally speaking.
- charlesdm 10y agoA 37signals type of business is completely different to a venture business. It depends on what you look for in life, and how you prefer living your life. I personally couldn't care less about potentially having billions in upside. $10-20mm is enough for me to do whatever I want in life.