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Usually people work for startups for low pay/high hours for a big payoff of stock options. Will those laid off get nothing? That doesn't seem fair.
by cellular 7y ago
Usually people work for startups for low pay/high hours for a big payoff of stock options.
Will those laid off get nothing?
That doesn't seem fair.
- onlyrealcuzzo 7y agoYou almost always get nothing unless your startup IPOs, which historically is about ~0.01% of all seed-funded startups. Even if the company sells privately, which does happen quite often, there's a liquidation preference so that investors usually get all of the money, leaving nothing for founders or employees. Someone posted an excellent example of it today: https://news.ycombinator.com/item?id=21358531 https://news.ycombinator.com/item?id=21358531