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Thank you for pointing this out. This is the main reason why so many engineers I know got basically nothing when their company was acquired after slaving away
by wing-_-nuts 6y ago
Thank you for pointing this out. This is the main reason why so many engineers I know got basically nothing when their company was acquired after slaving away for years.
If you join a startup, you should either do it for the experience (lots of responsibility, wearing many hats), or as a founder. Anything less is a recipe for disappointment.
- jonfromsf 6y agoThis even washes out earlier investors. I've had situations where I invested and the company got acquired, but there wasn't enough money to get back to my preference shares. Obviously common was wiped out. In particular, when companies seem like they might go bust new money insists on healthy (2X/3X) liq prefs. As in many situations, the golden rule applies. He who has the gold makes the rules!