3 ms·
Of course it has. The capital markets have not changed much since the 1600s Amsterdam. And yet it's very easy to find older engineers on HN that have some horro
by H8crilA 5y ago
Of course it has. The capital markets have not changed much since the 1600s Amsterdam. And yet it's very easy to find older engineers on HN that have some horror option exercise tax stories from the dotcom era. Heck, the same happened with trading Bitcoin at the 2017 top to a lot of people. And I'm sure there's going to be a lot more.
And at the moment the very top comment in this thread is about someone who got $100k, same as everyone, except the founders who somehow got out with 8 figures.
My point is to realize you're actually significantly disadvantaged. But i guess the youth has to do all the same mistakes over and over again, that's how the system goes forward. I should be cheering from the sidelines like most people do, it seems more fun :)
- ska 5y ago> My point is to realize you're actually significantly disadvantaged. That's true, but it shouldn't lead to valuing equity at $0. Before worrying about the impact of cap table structure you should also understand how and when they get that way - it really shouldn't be at the beginning (and if they won't show you some details then, walk away).
- deleted 5y ago[deleted]