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It’s a reasonable idea, but would make a lot more sense for employees. While outside forces impact companies, founders and executives are responsible for outco
by wtvanhest 6y ago
It’s a reasonable idea, but would make a lot more sense for employees. While outside forces impact companies, founders and executives are responsible for outcomes.
Employees have little individual power to impact strategy and are more likely the victims of poor management decisions.
- csentropy 6y agoFounders and executives "play a role" in outcomes. The future of any company pre liquidation is uncertain. Agree with employee pools. That is the next step version for founderpool and it is literally the most requested!
- wtvanhest 6y agoI respectfully disagree. Founders blame the macro, but that blame is very often misplaced. Even at massive scale, similar business diverge in profitability due to strategy decisions during all market conditions, including pandemics and other blackswan events
- geoburke 6y agoMisdirected blame to preserve ego does not excuse the fact that the founders are the ones with the biggest impact on their own success. Access to a network incentivized to provide resources, fundraising, introductions, hiring, etc, can only bolster success probability.
- manojdv 6y agoThats true. We would eventually want to grow this to support employees (think about building your own option portfolio) and student ISAs etc. We are right now emphasizing the community aspect rather than just the equity swaps because for founders, the value is in the network.
- notyourday 6y agoWould not that hit the securities regulations on accredited investors where most of the employees won't qualify?
- manojdv 6y agoyes, accreditation rules apply and typically founders qualify by virtue of stock paper value. For employees, later stage companies tend to workout because of stock values.
- geoburke 6y agoThe very purpose of the community aspect for founders is to have direct impact on the outcomes of the participating companies.