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Yet another case where there is a liquidity event for the capitalists but not for the programmers. The promise of "generous equity" as a part of the compensati
by aaronblohowiak 16y ago
Yet another case where there is a liquidity event for the capitalists but not for the programmers. The promise of "generous equity" as a part of the compensation package remains a raw deal for non-founders.
- mmt 16y ago"generous equity" as a part of the compensation package I see this in job postings occasionally, and it always strikes me as the Lady Protesting Too Much. Just tell me an order of magnitude of percentage ownership, and I'll be the judge of whether or not it's generous. I have yet to experience anything but the latter, which isn't surprising if the entire employee option pool is 10% by itself and the founders take no dilution from new hires.