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Well if you think the company is going down (either by being fraudulent or by the ICO not working out) then your potential shares are also worth nothing. In tha
by shafyy 9y ago
Well if you think the company is going down (either by being fraudulent or by the ICO not working out) then your potential shares are also worth nothing. In that case, it's better to quit now because you won't be wasting any of your time.
Having said that, if you think there's a fair chance that you might convince your board, I'd give it a go.
Also, make sure for your next startup not to accept a 4-year cliff on your vesting schedule (standard is a 1-year cliff with a 4-year vesting schedule that vests linearly prorated monthly/daily).
- logfromblammo 9y agoA board and executives that would be willing to implement a scammy crapcoin ICO over the written objections of its CTO would probably not have a problem screwing that person out of their equity somehow. If they decide to do the ICO, resign immediately, because that equity isn't ever going to pay out for you. Please also give your underlings some hint of what might be happening, so they can update their resumes before they are asked to run the scam without you.