4 ms·
Which is true, but so is my phrase of "If you want to go broke, found a startup". It cuts very deep on the south side often for founders - whereas employees do
by czbond 6y ago
Which is true, but so is my phrase of "If you want to go broke, found a startup". It cuts very deep on the south side often for founders - whereas employees do get a paycheck. Founders will go YEARS often with little to no income.
- marcinzm 6y agoI don't disagree however the paycheck for engineering employees is often a lot less than one could get from established companies. Every startup I've talked to sold equity as a large part of the total compensation and argued it makes up for the cash difference. So you're being asked to give up $100-200k/year worth of salary by joining a startup which isn't trivial. For a tiny fraction of equity with multiple restrictions (10 year expiration, 90 day window to exercise on leaving, can't sell it, etc.).
- czbond 6y agoWholly agree in most cases the trade is not worth the equity