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That's why people say look at them like lottery tickets. There's many factors that go into whether or not they are worth anything - dilution and whether or not
by gt2 8y ago
That's why people say look at them like lottery tickets.
There's many factors that go into whether or not they are worth anything - dilution and whether or not the startup is successful. The successful startup part needs good management, good demand for product, competitive against competitors.
> I was asked to take roughly 40% pay cut now and expect 10X increase
Of course you were.
They are selling you on the dream, the best case scenario, etc.
The hard part is that no-one is intentionally or literally defrauding, but it is up to every person what terms they agree to.