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Don’t be a sucker. Either get paid or get real assets that have a real likelihood of ending up liquid and worth something. Corporate governance matters, startu
by jwsteigerwalt 4y ago
Don’t be a sucker. Either get paid or get real assets that have a real likelihood of ending up liquid and worth something.
Corporate governance matters, startup/vc arrangements are inherently tilted toward the execs, founders and external financiers, but there is a burden on the employee to understand what your getting into. If your smart enough to work for one of these, your smart enough to learn the basics of corporate equity law.
- dreamcompiler 4y ago> If your smart enough to work for one of these, your smart enough to learn the basics of corporate equity law. Maybe in theory, but that doesn't work for me. I can build a computer out of a bucket of transistors and then program it to recognize your grandma, but the minute somebody starts trying to explain equity compensation my eyes glaze over. Then when somebody tries to explain the myriad ways the IRS can ruin my life with every mechanism of equity compensation, I run for the hills. Just pay me cash, thank you very much. And a lot of it.
- davidwritesbugs 4y agoexactly, you've got a tech skillset you shouldn't need to acquire a corporate & legal skillset to understand how you'll get remunerated, or pay an accountant/lawyer $X to get advice.