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I don't see anything wrong with a company deciding on a culture/work enviornment which attracts people who are very dedicated to the company (and hope to be rew
by gaius 8y ago
I don't see anything wrong with a company deciding on a culture/work enviornment which attracts people who are very dedicated to the company (and hope to be rewarded in the long term as such)
That’s OK in theory but in practice it’s almost always a bait-and-switch relying on the marks not knowing the difference between preferred and common stock, or what dilution is.
Easy test: do they say “10,000” shares but don’t tell you how many shares there are?
- ummonk 8y agoOr pitching Series A stock to prospective employees by pointing to IPO valuations of a select group of successful startups with similar products, without mentioning that those startups experienced 4-5x dilution from Series A to IPO...