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I don’t feel that bad for the investors, or really even the employees. A lot of startup equity is worthless anyway. But screwing over your cofounder and COO—yo
by baron816 7y ago
I don’t feel that bad for the investors, or really even the employees. A lot of startup equity is worthless anyway.
But screwing over your cofounder and COO—your partner who’s been on the frontlines with you effectively running the company for eight years—that’s incredibly scummy. That’s a real psychopath move. How can someone be so greedy?
- plorkyeran 7y agoThe company is currently suing the no-equity cofounder COO for fraud. Perhaps the lawsuit is entirely baseless and this is just another part of the CEO fucking his cofounder over, or perhaps there's actually a good reason for the cofounder to not get any equity. We really don't have the ability to judge based on the information we have, and calling the CEO a psychopath is a bit much.
- neilv 7y ago> I don’t feel that bad for the investors, or really even the employees. [...] But screwing over your cofounder and COO—your partner who’s been on the frontlines with you effectively running the company for eight years—that’s incredibly scummy. Are you identifying only as a co-founder, and you don't think that startup employees deserve to also benefit from success, such as they would by having equity in the company? I think the idea -- of startup success being all about the founders, and employees are just commodities -- is not unusual, but I don't understand why. Don't startups hire developers, for example, who have key insights, make technical decisions, and often put in above&beyond effort -- which has substantial effect on the startup's success?
- skinnymuch 7y agoLike Snapchat, Twitter amongst many other companies co-founders have done? Or bands like the Beatles?