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From what they said was that to give out shares at this point would require additional lawyer fees. They are already formed as an S corp (I believe), so I'm not
by throwaway52 16y ago
From what they said was that to give out shares at this point would require additional lawyer fees. They are already formed as an S corp (I believe), so I'm not sure how much lawyer fees would be required, but nevertheless, I was young and naive when I first started (this is my first startup) and probably should have pushed a bit harder.
- RuadhanMc 16y agoThe truth is that they might actually believe that they'll give you a "big slice of the pie" once the money starts rolling in but in reality what will happen is that they'll a) get greedy and b) be able to afford someone(+) to replace you if you complain too much. It's just aaahhh business and you're out of a job with no pie.
- gaius 16y agoA startup whose founders can go on holiday for a week can afford lawyer's fees.
- nitrogen 16y agoVacations needn't be expensive. Sure, there's a loss of one week's income generation, but it's possible to have a fantastic week away on what it would cost to talk to a lawyer for half an hour. Some examples: camping and fishing, eating what you catch to save on food; rock climbing; backpacking; etc.
- lsc 16y agoyeah, but the opportunity cost is pretty high.
- petervandijck 16y ago"give out shares at this point would require additional lawyer fees" -> translate: they don't want to give you shares.