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In the short term perhaps, but in the long term? What happens when word gets around that you shouldn't join a startup because even if it succeeds, your equity w
by rwallace 9y ago
In the short term perhaps, but in the long term? What happens when word gets around that you shouldn't join a startup because even if it succeeds, your equity will just be stolen from you?
- gaius 9y agoWhat happens when word gets around that you shouldn't join a startup because even if it succeeds, your equity will just be stolen from you? That word has already gotten around and is one of the main reasons for ageism in the industry - the only people who will work for startups are those who haven’t been burnt or wised up yet.
- evmar 9y agoJust to second this point, I am often courted by potential startup employers and I am usually pretty skeptical for exactly this reason.
- wtvanhest 9y agoYeap, imagine if the company's HR rep was able to say that their equity distribution is compliant with YC employee favorable equity standards (YCEFE) or whatever. I think it would make hiring much easier. Ultimately, the exits which barely pay investors back are not how YC or anyone in VC makes money (power law) so creating an equity standards system seems like an obvious choice.