3 ms·
Yes. Exactly. When a potential client or employer offers you equity, you can't sit there and ask them for their financials. And for the most part, employees an
by rwhitman 16y ago
Yes. Exactly.
When a potential client or employer offers you equity, you can't sit there and ask them for their financials. And for the most part, employees and contractors aren't very well educated in the risks involved with investing in a startup either.
- Daniel_Newby 16y ago> When a potential client or employer offers you equity, you can't sit there and ask them for their financials. Why not? If they flip out and don't hire you, hurrah! People who are allergic to financial details don't make good business partners. (Bernie Madoff being the asymptotic example. He was famously hostile to questions about the financials.)