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That employees are "screwed over" is always a weird argument to me. Presumably these employees are free to choose the company they work for, and so they could'v
by cercatrova 5y ago
That employees are "screwed over" is always a weird argument to me. Presumably these employees are free to choose the company they work for, and so they could've chosen companies that provide equity over those who don't. I was under the impression that Mailchimp paid well through salary and bonuses.
To be compensated for many years and then cry foul when the founders exit and the employee having gotten nothing (because, they chose to work there and not elsewhere) is to want to have one's cake and to eat it too.
- zorpner 5y agoThe founders repeatedly promised (and in at least one case I know of, convinced someone to work there based on that promise) that they would not sell. Perhaps the implication is that we should not believe the promises of founders.
- cercatrova 5y agoPromises don't mean anything unless contractually obligated. One should always look out for oneself in terms of what's actually written down, not what's said or implied.
- iamdbtoo 5y agoWhat about the part where the founders actively steered employees away from equity? What about the part where they lied?
- cercatrova 5y agoSee my reply to the sibling comment [0]. It is not the responsibility of the founders to tell you the truth, they do as they will. It's is always our responsibility to discern the truth from the lies, through what's actually written down. Anyone, the world even, can lie to us, that doesn't mean we must believe them implicitly. [0] https://news.ycombinator.com/item?id=30068708 https://news.ycombinator.com/item?id=30068708
- kstrauser 5y ago> It is not the responsibility of the founders to tell you the truth You didn’t really mean that, did you?
- cercatrova 5y agoPerhaps I worded it incorrectly. Sure, they might have a moral responsibility, but that doesn't mean they'll always tell the truth, and more importantly, you should not trust them to tell you the truth. You have to look out for yourself as much as possible.
- kstrauser 5y agoAlright, I can go along with that. It's others' responsibility to tell you the truth, but yours to verify it.
- aidenn0 5y agoThey broke a promise; maybe they lied when they made the promise. I might say I'll not sell my house until my kids graduate high school, but if someone offered me $20M that could change my mind.