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This is cool, as long as you have some way of compensating people that took risk for equity Personally, I took a very low paying job at a VC-backed company ove
by nico 3y ago
This is cool, as long as you have some way of compensating people that took risk for equity
Personally, I took a very low paying job at a VC-backed company over 10 years ago. Left some time later with a significant amount of equity in the form of stock options. The company has grown immensely since then, they became profitable and stopped raising money
Now I’m stuck with a bunch of ISO options that I need to spend money on to actually own the equity, without any foreseeable exit/liquidity event. The company is not offering to buy back anyone’s stock and won’t even provide financials to find a buyer myself
- cj 3y agoI’m sorry that happened to you. Personally I don’t like when founders talk up the value of equity. Stock options should always be seen as lottery tickets and nothing more.
- c_o_n_v_e_x 3y ago>The company is not offering to buy back anyone’s stock and won’t even provide financials to find a buyer myself A lot of countries have minority shareholder rights. This seems like something where those rights would kick in (even if you just have options).