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A profit sharing plan is not equity, and probably has a clause they can pull it whenever they want.
by mattmanser 6y ago
A profit sharing plan is not equity, and probably has a clause they can pull it whenever they want.
- deanmoriarty 6y agoI knew I shouldn’t have mentioned it, HN is always quick to remind me that a tangential point, if casually mentioned as a way to give more context to a conversation, is going to be the focus of any further reply, rather than addressing the core. Truly my bad here, you did what you are supposed to do. Good luck hiring engineers at a tech startup with no equity, that’s all I’ll say.
- mattmanser 6y agoI think it's entirely cultural, maybe in the US in SV? Everywhere else, you're a bit silly giving equity away for free.