3 ms·
Well exactly. No IPO, no buyout on the horizon. Stocks would be a less valuable compensation than cash. But the allure of partaking in massive success in a rev
by angry_octet 6y ago
Well exactly. No IPO, no buyout on the horizon. Stocks would be a less valuable compensation than cash.
But the allure of partaking in massive success in a revolutionary startup is pretty significant. Less so if you have a steady salary perhaps, but I wouldn't be surprised to see a few of these people use the safety net of savings and a solid technical rep to try some riskier innovation.
I really can't believe I'm explaining startup allure on HN.
- busterarm 6y agoI think I made it clear that's a trap that mostly suckers fall into. You can still partake in the massive success of revolutionary startups with your cash. In fact, you're in a much better position to, because if you're making a lot of cash, odds are you are senior and connected in your field. You have better odds of picking winners and investing in them. There's also opportunity to buy pre-IPO shares.
- angry_octet 6y agoHow would you buy pre-IPO without options?
- busterarm 6y agoEquity exists pre-IPO and people/companies sell it. There's even gray markets for trading it. Being a qualified investor (which you can get to from zero in as little as 4-5 years if you're making FAANG cash) helps a lot.