3 ms·

So in your opinion crowdfunding is basically a legalised scam ?

• scarface74 4y ago
  I’m saying that it’s not my responsibility to make sure a company has enough funding to pay me my market rate. The VCs are well diversified. They can take a risk over multiple years across multiple companies knowing that only 1 out of 10 succeed. They also get first preference during any exit event. I am totally dependent on the success of one company’s over multiple years if I take equity instead of cash. If a company goes out of business and I’m paid market rate and given equity (bern they’re done that), I shrug my shoulders and look for another job. I can save enough cash if given proper cash compensation to weather a gap in unemployment, I can’t save “equity”. In a public company, I can (and do) diversify my risk every six months when my RSU’s vest. But even then, seeing that I work for the “frugal FAANG” that until recently has a low cap on cash compensation and the rest was in RSUs, I made sure that I could live off of the cash portion. I wasn’t able to qualify for my second home/investment property using a normal mortgage because my income was based partially on the signing bonus/RSUs even though the four year payout was documented. I had to take a no income verification loan. Cash is king.
  • dotcoma 4y ago
    I see your point. Thanks.