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And even if there is a future liquidity event, what could the return possibly be? Musk already bought Twitter at a premium over the market, then the whole mark
by slg 4y ago
And even if there is a future liquidity event, what could the return possibly be? Musk already bought Twitter at a premium over the market, then the whole market backslid, then he took control and cratered the company even further. Any equity is already a small fraction of what it would have been worth before this whole ordeal. To get any startup like return, Musk doesn't have to just right the ship, he has to make Twitter drastically more successful than it was before.
Part of the deal of going "hardcore" working at a startup is that you get a small chance of becoming rich. I don't think working 80 hrs/wk is worth it when the upside is adding an extra 20% or whatever onto your salary.
- a4isms 4y agoBesides getting rich there is always the mission. So the question to ask Elon is... "How many people still working at Twitter hated all the woke crap like banning Nazis and were practically begging some conservative billionaire to buy the site, fire everyone, and turn it into an extremely successful free-speech Libertarian playground like Parler or Truth Social?" Those are the only people who would willingly take his offer. Almost everyone else working there now has a job mobility problem, but the moment that problem gets solved, they're out. Some businesses do just fine with employees that don't really want to work there, but they typically have enormous hiring funnels running 24/7/365 to handle the churn. Like McDonalds or Amazon's warehouses. Twitter doesn't have that, and you won;t find it at PayPal, Tesla, or SpaceX.
- VectorLock 4y agoThey have all the H1Bs who can't leave. So essentially Twitter just became Infosys.