4 ms·
> 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
by 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.