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You can also get your FU money playing the lottery. It's probably a better deal overall, since the odds are about the same and you don't have to pull any all-ni
by gamble 16y ago
You can also get your FU money playing the lottery. It's probably a better deal overall, since the odds are about the same and you don't have to pull any all-nighters to win the lotto.
- sabat 16y agoThe odds are nowhere near the same. Besides the raw odds -- obviously much better than the zillion-to-one odds on the lottery -- you can actually affect the outcome of your startup to some degree.
- gamble 16y agoAs an employee, you start out with such a small grant and have so little control over vesting conditions and dilution that participating in a liquidity event to that degree is essentially an act of charity on the part of the investors.
- sabat 16y agoIt depends on the company, your timing, and what terms you agree to (number of options, vesting period, ISO vs. Non-qual). If you're actually interested in doing well, you may need multiple startups, and the earlier the stage, the better. I know multiple people, including myself to some degree, who have done well as employees in startups. And of course, you could always try to start your own -- multiple times as needed.