3 ms·
Valued at $0 because thats what theyll be treated as when the founders and moneyed investors get paid out first. Sure, options are how you get rich from a star
by 8note 4y ago
Valued at $0 because thats what theyll be treated as when the founders and moneyed investors get paid out first.
Sure, options are how you get rich from a startup, but you dont get rich at a startup by working for one, only by being a founder or an investor.
That's why I work at a FAANG:P startups exist to screw their employees
- JumpCrisscross 4y ago> you dont get rich at a startup by working for one, only by being a founder or an investor I’ve written small (<$50k) Series A cheques into companies where employee no. 20 made more than I did. That’s fine. They invested a hell of a lot more and put much more on the line. Options shouldn’t be counted on. They’re high risk. But no need to be that cynical. Plenty of people want the ones they were in the trenches with to win big when they do.
- ricardobeat 4y agoI bet that employee didn’t have 50k in cash to invest in extremely high risk equity. Even people making 200k/year wouldn’t consider 50k a small amount (it’s almost half of your net). A higher-than-average salary is quite different from “getting rich”.
- JumpCrisscross 4y ago> A higher-than-average salary Sorry, I meant on exit. They built up more equity over the years through employment and cashed out. This wasn’t a blockbuster exit either.
- RexM 4y agoThat’s a new one for me, what’s the P?
- kzzzznot 4y agoI think it combined with the : (missing a preceding space) was supposed to be a sticky-tongue-out emoji
- matwood 4y agoI mostly agree with you, but I would just add 'on average' to your comment. There are exceptions, but the most surefire way to reach financial security is to get a job in big tech.