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The employees are sold shares in the business that they expect to accrue a certain amount of value and with scale get very serious multiples in a liquidity even
by sackfield 3y ago
The employees are sold shares in the business that they expect to accrue a certain amount of value and with scale get very serious multiples in a liquidity event. With that promise broken the value proposition they originally signed up for no longer holds, some perhaps wasted the best years of their lives here when other options were on the table. If all you want to do is sell goods and services for more than they cost, then open up a bakery.
- occamsrazorwit 3y ago> If all you want to do is sell goods and services for more than they cost, then open up a bakery. What's the endgame to ever-increasing share value exactly? It's easy to say that a company should never stop growing, but there's no way that's a realistic ideal.
- noobermin 3y agoBeing downvoted is a great example of ideological thinking on HN because people get mad when you challenge underlying assumptions in their thinking. Remember that when e/acc nerds on twitter pretend they're just rational thinkere or whatever else they claim
- chipgap98 3y agoThere are other ways to give employees liquidity without being acquired or going public
- Drew_ 3y ago> The employees are sold shares in the business that they expect to accrue a certain amount of value and with scale get very serious multiples in a liquidity event. Sounds a lot like a pyramid scheme