4 ms·
My question was posed in the context of the disparity of what happened to the employees versus the founder at WeWork. Startup employees rightfully assume that
by adelHBN 7y ago
My question was posed in the context of the disparity of what happened to the employees versus the founder at WeWork. Startup employees rightfully assume that the fate of their shares and those of the founders are tide - that if the company does well, they all proportionally do well, and if the company's fortunes diminish, well then everyone, including the founders, share that ill fate.
In this case, the founder came out spectacularly well but the employees suffered. That's the issue.
- superflit 7y ago1 - Did the employees got their salary? It seems likely that yes. 2 - Did the employees were forced to work for WeWork? It seems likely not. WeWork StartUp was a Success a VERY good success for its founders. Indeed we all should take notes because most of the time, we see VCs getting the better deal and the founders/owners small scraps. People seem to forget that RISK is a function of "capitalism," and when you join a company expecting your stock options value goes higher, and you put up with non-sense, that is a risk. It did pay for googlers, msfters, and others. Will your outrage be still in place if: "Adam sold his company for 1.7B$ to <big name>" and then one year later: "<big name> is laying off xxx employees on its <legacy fake name> division. It may sound harsh, but there is a lot of employees that I know were bragging about WeWork going BIG and BAM. BIG BUCKS BABY My current work is a risk too. Tomorrow my boss can say "sorry, we don't need you anymore." Good luck for us all and that we may find wealth and happiness.