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only Systrom and Krieger walked away with hundreds of millions of dollars; Facebook offered other early employees small signing bonuses and limited Facebook sto
by gaius 8y ago
only Systrom and Krieger walked away with hundreds of millions of dollars; Facebook offered other early employees small signing bonuses and limited Facebook stock grants
Why you should never be an early employee at a startup, example one zillion
- projectramo 8y agoI would be surprised if they didn't get millions in equity though. Not a bad gig. I would guess their options had a strike around a $10-$20 million valuation. So they would have got x50-x100 at the exit.
- gaius 8y agoThat is not what the words small and limited imply to me but in Silly Valley I guess who knows?
- tzs 8y agoAs opposed to what? A late employee at a startup? An employee at a non-startup?
- gaius 8y agoBasically you don’t want to be employee 1-10. Either be a co-founder, or join at a point you can paid a good salary. Those guys work as hard as the founders and take as much financial risk as the founders, but walk away with nothing. There are exceptions but this is 99% of cases.