3 ms·
If you're on really shitty acquisition terms like this, to the point where you are getting no payout for your hard work, one way you can get a small payout is t
by dheera 3y ago
If you're on really shitty acquisition terms like this, to the point where you are getting no payout for your hard work, one way you can get a small payout is to negotiate your employment contract with the new parent company to be very, very good.
Make sure they give you and all employees a nice big sign on bonus and salary. They can deduct that from the proposed acquisition price.
Is it ethical? I say yes, you should get paid more than $0 for your hard work to be handed over. Should the investors get a payout too? Yes, but they shouldn't be getting 100% of it, ever.
- Finbarr 3y agoYou can also get a carve-out of the deal proceeds.
- ojbyrne 3y agoFirst thing I thought of after reading this - I wonder did the existing founders/employees get something like this? I suspect at least some of them did.
- choppaface 3y agoAnd makes sure your sign-on bonus has no clawbacks. Make it a payment condition of the contract. The bonus is for your signature not your warranty service.
- yieldcrv 3y agofrom what I can tell, founders are often really inept in this regard they “have a guy” for this stuff and it’s completely random luck if something beneficial financially occurs to them employees are simultaneously inept and believing the founder about anything, while also having a lack of transparency even if they aren’t inept