3 ms·
It's literally close to worthless. If the startup is not being funded by top 5 VC outfits your chances of payout already drop to pretty much 0 and even if it is
by qaq 9y ago
It's literally close to worthless. If the startup is not being funded by top 5 VC outfits your chances of payout already drop to pretty much 0 and even if it is all things considered it still will not compensate for the salary haircut you took even in most best case scenarios. So there is no rational way to make an argument that working for startup makes $ sense. There are obviously other reasons why you might want to work for a startup but rational $ analysis is def not one of them.
- icedchai 9y agoYes, I will admit it is incredibly unlikely that they will pay off. In my 20 year career, I have only had a positive outcome on options once, and then it was not worth the pay cut I took. Maybe I had bad luck, or chose poorly...
- qaq 9y agoA top tier VC firm that is good at making picks has something like 1 in 100 chance investing in Unicorn, so pretending that we as eng. can make a good pick in a few tries ...
- CryoLogic 9y agoIt sounds like your idea of a payout is an acquisition. There are many companies especially outside of tech which are profitable and do not require a buyout.
- qaq 9y agoThe whole conversation is about VC funded startups and implication of equity comp. for startup employees.