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Link to his full article: http://thewebkid.com/Escapia.aspx http://thewebkid.com/Escapia.aspx At least the company is being acquired instead of simply running
by stevenwei 16y ago
Link to his full article: http://thewebkid.com/Escapia.aspx http://thewebkid.com/Escapia.aspx
At least the company is being acquired instead of simply running out of money and shutting down.
Lesson 1: Don't invest money you can't afford to lose, especially in a high risk startup.
Lesson 2: Don't work for free for 2 years for anyone (except yourself). Doing it for 4% equity is absurd.
- kreedskulls 16y agoI agree, I have been working for free for 3 years so far on my start-up but we have been ramen-profitable from the start and I am a Co-founder who has Co-founder stock. He sounds like he didn't know they were getting funded or anything, and who will let someone invest 100k and he only held 4%. They should have applied to Y-Combinator.