3 ms·
Great article! Does anyone have a link to a document that would detail the ways that you could get screwed over by a startup? Or by VCs? I know there are tri
by steve8918 15y ago
Great article!
Does anyone have a link to a document that would detail the ways that you could get screwed over by a startup? Or by VCs? I know there are tricks that can be made via dilution, or something, but all I've heard are horror stories, but no actual mechanics of how it was done, and what you should look out for when looking at joining a startup.
- tibbon 15y agoI too would like to see a 'bad options contract' or at least highlights of what would make one.
- jpdoctor 15y ago> Does anyone have a link to a document that would detail the ways that you could get screwed over by a startup? Or by VCs? There's really no need, because it all falls under this category: You work really hard, and then they use one of the many powers of the board to screw you out of a payoff. I've seen punitive dilution, reverse splits plus new issuance, firing before vesting events. If you haven't looked up variable-reward experiments, it's worth a gander because it bears a strong resemblence to startups.